Patriot National Bancorp Inc

NASDAQ:PNBK  
14.37
+0.36 (+2.57%)
Debt Financing / Related

Patriot National Bancorp And American Challenger Development Corp Agree To Merge

Published: 11/15/2021 14:17 GMT
Patriot National Bancorp Inc (PNBK) - Patriot National Bancorp and American Challenger Development Corp.
Agree to Merge and Create Largest Digital Challenger Bank in America.
Patriot National Bancorp Inc - Implied Total Transaction Value of Merger is Approximately $119 Million.
Patriot National Bancorp Inc - Key Members of American Challenger's Management Team and Board of Directors Will Join Patriot.
Patriot National Bancorp Inc - Michael Carrazza, Patriot's Current Chairman, Will Remain a Director of Patriot Following Merger.
Patriot National Bancorp Inc - Following Closing of Merger, Patriot Will Continue to Trade Under Ticker Pnbk.