Patriot Bank Issues Stock to Employees

Stamford-based Patriot National Bancorp, Inc. has expanded its stock ownership family by granting each of its employees, as of Dec. 31, an ownership stake in the community bank.

Each Patriot Bank employee has been granted 100 shares of stock in the publically traded company, ensuring that they have an even greater incentive in the success of the bank and exceeding its customer expectations.

Last fall, investment banking and advisory firm Sandler O’Neill + Partners named Patriot one of the nation’s top performing small-cap banks. It was the only bank in New England to receive this designation among 435 publicly traded U.S. banks and thrifts evaluated across the United States.

“When our customers walk into any Patriot location, they are now greeted by owners of their local community bank. Customers are entrusting their financial futures to bankers who have a personal investment in the bank’s success,” said Ken Neilson, Patriot Bank President and CEO.

Patriot operates 10 branches in Connecticut and New York.