Patriot National Bancorp announced on February 24, 2025, that it expects to report a net loss of $9.5 million for the fourth quarter. This projection indicates significant financial challenges for the period.
The Connecticut-based bank also stated that it has made headway in its efforts to cultivate investors. These efforts are aimed at bolstering its capital levels.
The anticipated loss highlights ongoing pressures on the bank's profitability. This comes as it navigates a period of strategic review and capital strengthening initiatives.
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