Company: PNBK
Filing Date: 2025-05-27
Form Type: DEF 14A
Source: 0001140361-25-020413
Chunk: 18

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-27
Form: DEF 14A
Chunk 18
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 and Governance Committee is also responsible for reporting and recommending from time to time to the Board matters related to corporate governance. The Nominating and Governance Committee operates pursuant to a written charter, which was adopted by the Board and a copy of which is available on our website at https://pnbk.q4ir.com/overview/committee-charters/default.aspx. The current members of the Nominating and Governance Committee are Messrs. Van den Bol (Chairman), Constantino and Weinbaum, each of whom is an independent director as defined by NASDAQ rules. During 2024, the Nominating and Governance Committee met 2 times. Asset and Liability Committee The Asset and Liability Committee has the power and responsibility to ensure adherence to the investment policy, to recommend amendments thereto, to purchase and sell securities, to exercise authority regarding investments and liquidity and to exercise, when the Board is not in session, all other powers of the Board regarding investment securities that may be lawfully delegated. The current members of the Asset and Liability Committee are Messrs. Constantino, Van den Bol, and Weinbaum. Mr. Lowery also served on the Asset and Liability Committee until his resignation effective as of April 15, 2025. During 2024, the Asset and Liability Committee met 5 times. Loan Committee The Loan Committee has the power to discount and purchase bills, notes and other evidences of debt, to buy and sell bills of exchange, to examine, review and approve loans and discounts, to exercise authority regarding loans and discounts, and to exercise, when the Board is not in session, all other powers of the Board regarding extensions of credit that may lawfully be delegated. The current members of the Loan Committee are Messrs. Van den Bol (Chairman), Constantino and Russell. During 2024, the Loan Committee met 3 times. Risk Committee The principal function of the Risk Committee is to provide oversight of the Bank’s tolerance for key risks associated with strategic direction and disintermediation, information security and data privacy, business continuity and disaster recovery, steering committee, vendor management and the Bank’s systems and processes to support operation of a growing organization. The current members of the Risk Committee are Messrs. Van den Bol and Constantino. Mr. Lowery also served on the Risk Committee until his resignation effective as of April 15, 2025. During 2024, the Risk Committee met 3 times. Nomination Process The process of reviewing and making recommendations for nominations and appointments to the