Company: PNBK
Filing Date: 2025-05-01
Form Type: 8-K
Source: 0001628280-25-021554
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Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-01
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 30, 2025, Steven Sugarman was appointed President, Chief Executive Officer and Director of Patriot Bank, N. A. (the “ Bank”), the wholly-owned subsidiary of Patriot National Bancorp, Inc. (the “ Company”), effective immediately, and Angie Miranda was appointed Executive Vice President, Chief Risk Officer of the Bank, to be effective as of May 6, 2025.

Mr. Sugarman, age 50, was appointed as the Company’s President and as a member of the Company’s Board of Directors on December 30, 2024. In 2017, Mr. Sugarman founded The Change Company CDFI LLC, the holding company for Change Lending, LLC, Change AMC, LLC, and xChange Hub, LLC. He continues to serve in both capacities, including as Chief Executive Officer and Director of The Change Company CDFI LLC. Mr. Sugarman was the Founder of Banc of California, Inc. (NYSE: BANC), and, from 2010 through January 2017, Mr. Sugarman served in various roles at BANC including as a Director, Board Chair, Chief Executive Officer, and President. Mr. Sugarman also served in roles including President, Chief Executive Officer, Director, and Board Chair of BANC’s national bank subsidiary Banc of California, NA until 2017. Mr. Sugarman also served as a Director and Chief Executive Officer of COR Securities Holdings Inc., the holding company of COR Clearing LLC, a securities clearing firm, from 2011 until its successful sale to Axos Clearing, LLC in January 2019. Since 2021, Mr. Sugarman has also served as a Director of Dickens Management Group the Manager of LA Golf Partners LLC and is Of Counsel at Michelman & Robinson LLP. Mr. Sugarman is the Founder and Managing Member of COR Capital LLC and COR Advisors LLC and was a Founding Partner of GPS Partners LLC, a $2 billion investment advisory firm. From 2017 to 2020, Mr. Sugarman served as General Counsel of the National Diversity Coalition. Mr. Sugarman began his career as a management consultant at McKinsey & Company and later worked at Lehman Brothers. Mr. Sugarman holds a B. A. from Dartmouth College and a J. D. from Yale Law School.

Ms.