Company: PNBK
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001628280-25-017837
Chunk: 50

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-04-15
Form: 10-K
Item: Item 10
Chunk 50
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ITEM 10. Directors, Executive Officers and Corporate Governance

Board of Directors

The following sets forth information regarding our directors as of April 15, 2025. Unless otherwise indicated, each person holds the same position(s) of both the Company and Patriot Bank.

NameAgeCurrent Position with PatriotMichael A. Carrazza59Director and Chairman of the Board of DirectorsSteven A. Sugarman50Director and President of the CompanyDavid Lowery50Director and Chief Executive Officer of the Company;Director, President and Chief Executive Officer of the BankEdward N. Constantino79DirectorEmile Van den Bol61DirectorMichael J. Weinbaum59DirectorGrace Doherty50Director

Michael A. Carrazza

Mr. Carrazza has been Chairman of the Board of Directors of the Company since 2010 and served as interim Chief Executive Officer of the Company from August 2016 to July 2020. Mr. Carrazza is also CEO of Solaia Capital Advisors, an investment management firm engaged in making private equity and credit investments. In 2012, Mr. Carrazza led the spin-out of the Bank of Ireland’s U.S. Asset-Based Lending Group, presently known as Siena Lending Group, and served as its Chairman through 2019. Previously, Mr. Carrazza was co-founder of Bard Capital Group where he sponsored several transactions in the industrial sector. He has structured and financed the leveraged buyout of International Surface Preparation Group, Inc. from U.S. Filter/Vivendi and subsequently worked alongside its Chairman, managing the company’s turnaround, financings, and subsequent sale. Mr. Carrazza also led the financing and restructuring of Mitchell Madison Group and served on the firm’s Executive Team, where he assisted in the firm’s global expansion and managed its sale to US Web/CKS. Mr. Carrazza began his career at Goldman, Sachs & Co. Mr. Carrazza earned his MBA in Finance from The Stern School of Business at New York University and his B.S. in Electrical Engineering from The Pennsylvania State University. The Company believes that Mr. Carrazza is qualified to be a director as he has an extensive background in the financial services industry, has served as Patriot’s Chairman since 2011 and served as Interim CEO from 2016 to 2020.

Steven A. Sugarman 

Mr. Sugarman was appointed as the Company’s President and as a member of the Company’s Board of Directors on December 30, 202