Patriot National Bancorp in Stamford, Conn., has been freed from an enforcement action.
The $1.3 billion-asset company said in a press release that the Office of the Comptroller of the Currency released Patriot Bank from a January 2025 formal agreement.
“This important milestone is a testament to the terrific team Patriot Bank has assembled to build America’s premier bank serving high-net-worth families,” Steven Sugarman, the bank’s president and CEO, said in the release. “The termination of the formal agreement will result in immediate benefits for our shareholders through reduced regulatory costs and fees.”