| Business Summary | | Patriot
National
Bancorp,
Inc.
is
the
holding
company
for
Patriot
National
Bank.
The
Bank
is
an
independent
bank
engaged
in
substantially
all
of
the
business
operations
customarily
conducted
by
independent
commercial
banks.
The
Bank
offers
a
broad
range
of
consumer
and
commercial
banking
services
with
an
emphasis
on
serving
the
needs
of
individuals,
small
and
medium-sized
businesses
and
professionals.
The
Bank
offers
consumer
and
commercial
deposit
accounts
and
commercial
real
estate
and
construction
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PNBK
offers
consumer
and
commercial
banking
services
with
an
emphasis
on
serving
individuals,
small
and
medium-sized
businesses
and
professionals.
For
the
three
months
ended
3/01,
total
interest
income
rose
12%
to
$3.7
million.
Net
interest
income
after
loan
loss
provision
rose
21%
to
$1.7
million.
Earnings
totaled
$308
thousand,
up
from
$87
thousand.
Net
interest
income
reflects
higher
loan
balances
and
a
decrease
in
deposits.
Earnings
reflect
higher
mortgage
broker
referral
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Fred DeCaro, Jr., 57 Chairman,
Exec. VP, Sec. | $129K | Angelo DeCaro, 57 CEO,
Director | 24K | Philip Wolford, 52 Pres,
Director | 137K | Charles Howell Vice
Chairman and Pres, CEO & Director of Patriot National Ban | -- | Salvatore Trovato, 60 Vice
Chairman | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|