Company: PNBK
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001437749-25-028162
Chunk: 52

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-09-02
Form: 424B5
Chunk 52
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 dissolution and such distribution has been made to all holders of depositary shares. |

Charges of Depositary

We will pay all United States transfer and other taxes and governmental charges arising solely from the existence of the depositary arrangement. We will also pay charges of the depositary in connection with:

| ● | the initial deposit of our Preferred Stock; |

| ● | the initial issuance of the depositary shares; |

| ● | any redemption of our Preferred Stock; and |

| ● | all withdrawals of our Preferred Stock by owners of depositary shares. |

Holders of depositary receipts will pay transfer, income and other taxes and governmental charges and other specified charges as provided in the deposit agreement for their accounts. If these charges have not been paid, the depositary may:

| ● | refuse to transfer depositary shares; |

| ● | withhold dividends and distributions; and |

| ● | sell the depositary shares evidenced by the depositary receipt. |

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Miscellaneous

The depositary will forward to the holders of depositary receipts all reports and communications we deliver to the depositary that we are required to furnish to the holders of our Preferred Stock. In addition, the depositary will make available for inspection by holders of depositary receipts at the principal office of the depositary, and at such other places as it may from time to time deem advisable, any reports and communications we deliver to the depositary as the holder of our Preferred Stock.

Neither we nor the depositary will be liable if either we or the depositary are prevented or delayed by law or any circumstance beyond the control of either the depositary or us in performing our respective obligations under the deposit agreement. Our obligations and the depositary’s obligations will be limited to the performance in good faith of our or the depositary’s respective duties under the deposit agreement. Neither we nor the depositary will be obligated to prosecute or defend any legal proceeding in respect of any depositary shares or our Preferred Stock unless satisfactory indemnity is furnished. The depositary and we may rely on:

| ● | written advice of counsel or accountants; |

| ● | information provided by holders of depositary receipts or other persons believed in good faith to be competent to give such information; and |

| ● | documents believed to be genuine and to have been signed or presented by the proper party or parties. |

Resignation and Removal of Depositary

The depositary may resign at any time by delivering a notice to us. We may remove the deposit