StockWatch
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Major Banks
ExpansionJun 29, 2026, 08:32 AM

Patriot Bank Opens Beverly Hills Flagship with Over $100M in Deposits

AI Summary

Patriot Bank, a subsidiary of Patriot National Bancorp, Inc., announced the opening of its flagship California banking center in Beverly Hills. The new location launched with over $100 million in deposits from high-net-worth clients, entrepreneurs, and business leaders in Southern California. This expansion reflects the bank's strategic focus on serving high-net-worth individuals in underserved markets, building on recent expansions in Greenwich, CT, and Palm Beach, FL. Jeff Seabold and Richard Smith are leading the regional expansion, with Rebecca Shah heading the Beverly Hills office.

Key Highlights

  • Patriot Bank opened a flagship banking center in Beverly Hills, California.
  • The new location launched with over $100 million in deposits.
  • Deposits came from high-net-worth families, entrepreneurs, and business leaders.
  • Jeff Seabold and Richard Smith are leading the Southern California expansion.
  • Rebecca Shah heads the Beverly Hills high-net-worth banking center.
  • Patriot Bank, N.A. has $1.2 billion in total assets.