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                                                                    EXHIBIT 10.8

                                SENIOR MANAGEMENT

                           CHANGE OF CONTROL AGREEMENT

        This CHANGE OF CONTROL AGREEMENT (the "AGREEMENT") is made and entered
into as of May 1, 2001, by and between MARTIN a NOBLE of Weston, Connecticut
("EXECUTIVE") and PATRIOT NATIONAL BANK, a national banking association with
headquarters located in Stamford, Connecticut ("BANK").

                                   WITNESSETH

        WHEREAS, it is contemplated that from time to time one or more entities
may consider the possibility of acquiring Patriot (as hereinafter defined) or
that a Change in Control (as hereinafter defined) may otherwise occur, with or
without the approval of the Board of Directors of Bancorp (as hereinafter
defined) or the Board of Directors of Bank (as hereinafter defined); and

        WHEREAS, the Board of Directors of Bank has determined that it is in the
best interests of Bank and its security holders to provide incentive to
Executive to remain employed as an executive officer of Bank during any period
prior to or during a possible Change of Control of Patriot and for a period of
up to 90 days following a Change of Control of Patriot, with the continued
dedication and objectivity of Executive, notwithstanding the possibility, threat
or occurrence of a Change of Control; and

        WHEREAS, the Parties (as hereinafter defined) desire to enter into this
Agreement to reflect the terms and conditions contained herein;

        NOW, THEREFORE, in consideration of the mutual promises and covenants
hereinafter described and for other good and valuable consideration the receipt
and sufficiency of which is hereby acknowledged, the Parties hereto hereby amend
and restate the Original Change of Control Agreement in its entirety and agree
as follows:

        1.      DEFINED TERMS. The terms defined below shall have the following
meanings for purposes of this Agreement:

                (a)     "AGREEMENT" means this Amended and Restated Senior
        Management Change of Control Agreement, as amended, restated,
        supplemented or modified from time to time and together with any
        exhibits or attachments hereto.

                (b)     "BANCORP" means Patriot National Bancorp, Inc., a
        Connecticut corporation.

                (c)     "BANK" means Patriot National Bank, a national banking
        association, and wholly-owned subsidiary of Bancorp.

                (d)     "BOARD OF DIRECTORS OF BANCORP" shall mean the board of
        directors of Bancorp.

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                (e)     "BOARD OF DIRECTORS OF BANK" shall mean the board of
        directors of Bank.

                (f)     "Change of Control" means:

                        (i)     a change in control of the direction and
                administration of Patriot's business of a nature that would be
                required to be reported in response to Item 6(e) of Schedule 14A
                of Regulation 14A (or any successor rule or regulation)
                promulgated under the Exchange Act, whether or not Bank or
                Bancorp is then subject to such reporting requirements;

                        (ii)    any person (as such term is used in Sections 14
                (d) and 14(d)(2) of the Exchange Act but excluding any employee
                benefit plan of Patriot), other than (x) Angelo De Caro and his
                family members or family trusts, (y) Fred DeCaro and his family
                members or family trusts, or (z) any trustee or other fiduciary
                holding securities under an employee benefit plan of Patriot, by
                merger or otherwise, is or becomes the "beneficial owner" (as
                defined in Rule 13d-3 under the Exchange Act), directly or
                indirectly, of securities of Bancorp representing 35% or more of
                the combined voting power of Bancorp's outstanding securities
                then entitled ordinarily (and apart from rights accruing under
                special circumstances) to vote for the election of directors;

                        (iii)   the Board of Directors of Bancorp shall approve
                a sale of all or substantially all of the assets of Bancorp;

                        (iv)    the Board of Directors of Bank shall approve a
                sale of all or substantially all of the assets of Bank;

                        (v)     the Board of Directors of Bancorp shall approve
                any merger, consolidation or like business combination or
                reorganization of Bancorp, the consummation of which would
                result in the occurrence of any event described in clause (ii)
                above;

                        (vi)    the Board of Directors of Bank shall approve any
                merger, consolidation or like business combination or
                reorganization of Bank, the consummation of which would result
                in the occurrence of any event described in clause (ii) above;

                        (vii)   the Board of Directors of Bancorp determines
                that any person (as such term is used in Sections 14(d) and
                14(d)(2) of the Exchange Act but excluding any employee benefit
                plan of Bancorp), other than (i) Angelo De Caro and his family
                members of family trusts or (ii) Fred DeCaro and his family
                members or family trusts, directly or indirectly exercises a
                controlling influence over the management or policies of
                Bancorp; or

                        (viii)  the Board of Directors of Bank determines that
                any person (as such term is used in Sections 14(d) and 14(d)(2)
                of the Exchange Act but excluding any employee benefit plan of
                Bank), other than (i) Angelo De Caro and his family members or
                family trusts or (ii) Fred DeCaro and his family members or
                family

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                trusts, directly or indirectly exercises a controlling influence
                over the management or policies of Bank;

                PROVIDED, HOWEVER, that (i) the filing of a Form F-11A by any
        person or (ii) any event mandated or directed by a regulatory body
        having jurisdiction over Bancorp's or Bank's operations, shall not be
        deemed a Change of Control.

                (g)     "CHANGE OF CONTROL PAYMENTS" has the meaning set forth
        in Section 2 of this Agreement.

                (h)     "CAUSE" shall mean (i) the continued failure by
        Executive substantially to perform his duties as an executive officer of
        Bank (other than any such failure resulting from his incapacity due to
        physical or mental illness) or (ii) the engaging by Executive in conduct
        which is materially injurious to Bank, monetarily or otherwise, in
        either case as determined by the Board of Directors of Bank.

                (i)     "DISABILITY" means any physical or mental condition that
        (i) would qualify Executive for a disability benefit under any long-term
        disability plan maintained by Bank and applicable to such Executive or
        (ii) renders Executive unable to perform substantially his obligations
        as an executive officer of Bank for the reasonably foreseeable future
        (not less than ninety (90) days), as determined by the Board of
        Directors of Bank after considering competent medical evidence.

                (j)     "EXCHANGE ACT" means the Securities Exchange Act of
        1934, as amended.

                (k)     "INTERNAL REVENUE CODE" means the Internal Revenue Code
        of 1986, as amended.

                (l)     "Party" or "Parties" means, individually or
        collectively, Executive and Bank.

                (m)     "PATRIOT" means, collectively, Bancorp and Bank.

        2.      CHANGE OF CONTROL PAYMENT.

                (a)     If there is a Change of Control, (i) during any time
        Executive is a full-time executive officer of Bank, or (ii) within six
        (6) months following Executive's termination of employment by Bank,
        other than for Cause or by reason of Executive's death or Disability,
        then Executive shall be entitled to receive a payment (the "CHANGE OF
        CONTROL PAYMENT") in consideration of services previously rendered to
        Bank. The Change of Control Payment shall be made as a lump sum cash
        payment equal to one times (1x) Executive's annual base salary
        (calculated as of the date of the Change of Control or, in the case of
        Section 2(a)(ii), calculated as of the date of prior termination). The
        Change of Control Payment shall be paid in full within 15 days following
        the date of the Change of Control; provided, however, that such payment
        may be-deferred for such period (not to exceed 90 days) following the
        date of the Change of Control as the Bank requests that Executive
        continue to provide services to it. If Executive voluntarily terminates

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        employment with Bank prior to the date (not more than 90 days following
        the date of the Change of Control) specified by Bank, Executive shall
        forfeit his right to receive the Change of Control Payment. The Change
        of Control Payment shall not be reduced by any compensation which
        Executive may receive from Bank or from other employment with another
        employer should Executive's employment with Bank terminate.

                (b)     All payments made pursuant to this Agreement will be
        subject to withholding of applicable income and employment taxes

                (c)     If, after a Change of Control Executive prevails in any
        action to enforce this Agreement, then Bank shall be obligated to
        reimburse Executive far all reasonable fees and expenses, including
        reasonable attorneys' fees of counsel chosen by Executive in his sole
        discretion.

                (d)     Notwithstanding any other provision of this Agreement or
        of any other agreement, understanding or compensation plan, Bank shall
        not be obligated to pay any amounts which violate restrictions imposed,
        or which may in the future be imposed, on such payments by Bank pursuant
        to Section 18(k)(l) of the Federal Deposit Insurance Act, or any
        regulations or orders which are or may be promulgated thereunder; nor
        shall any payments be made which would constitute an "unsafe or unsound
        banking practice" pursuant to 12 U.C.C. Section 18(b).

                        (e)     Notwithstanding any other provision hereof, in
        the event that any payment or benefit received or to be received by
        Executive in connection with a Change of Control would not be deductible
        (in whole or part) as a result of Section 280G of the Internal Revenue
        Code, by Bank, an affiliate or other person making such payment or
        providing such benefit, the Change of Control Payment shall reduced
        until no portion is not deductible, or the Change of Control Payment is
        reduced to zero. For purposes of this limitation, (i) no portion of the
        Change of Control Payment the receipt or enjoyment of which Executive
        shall have effectively waived in writing prior to the date of payment of
        the Change of Control Payment shall be taken into account; (ii) no
        portion of the Change of Control Payment shall be taken into account
        which in the opinion of tax counsel selected by Bank's independent
        auditors and acceptable to Executive does not constitute a "parachute
        payment" within the meaning of Section 280G(b)(2) of the Internal
        Revenue Code; (iii) the Change of Control Payment shall be reduced only
        to the extent necessary so that such payment shall constitute reasonable
        compensation for services actually rendered within the meaning of
        Section 280G(b)(4) of the Internal Revenue Code or are otherwise not
        subject to disallowance as deductions, in the opinion of the tax counsel
        referred to in clause (ii); and (iv) the value of any non cash benefit
        or any deferred payment or benefit included in the Change of Control
        Payment shall be determined by Bank's independent auditors in accordance
        with the principles of Sections 280G(d)(3) and (4) of the Internal
        Revenue Code.

        3.      TERM. This Agreement shall terminate on the earliest of: (i)
immediately, upon Executive's termination of employment with Bank for Cause,
death or Disability, (ii) six months

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following Executive's termination of employment with Bank, other than for Cause,
death or Disability, or (iii) six months following receipt by Executive of the
Change of Control Payment.

        4.      ASSIGNMENT. This Agreement will be binding on and will inure to
the benefit of the Parties hereto and their respective successors, permitted
assigns and legal representatives. Without otherwise limiting the foregoing,
"Bank" as used herein shall refer to any successor institution whether by
merger, consolidation, acquisition or otherwise.

        5.      NON-COMPETITION AGREEMENT. If Executive receives the Change of
Control Payment, Executive absolutely and unconditionally agrees with Bank that,
for a period of six (6) months from the date of receipt of the Change of Control
Payment, Executive will not, anywhere in the Restricted Area (as defined below),
either directly or indirectly, solely or jointly with any person or persons (a
"COMPETITOR"), as an employee, consultant or advisor (whether or not engaged in
business for profit), or as an individual proprietor, partner, shareholder
(provided that ownership of less than 5% of the voting power shall be
permitted), director, officer, joint venturer, investor (provided that such
investment will not be a violation if it is limited to less than 5% of the
ownership of such entity), lender or in any other capacity, compete with the
business of the Bank as conducted or proposed to be conducted as of the date of
the Change of Control. As used herein, "RESTRICTED AREA" shall be the cities of
Stamford and Norwalk, Connecticut, the Town of Greenwich, Connecticut, and any
town or branch in which the Bank has an office as of the time of the Change of
Control.

        6.      ENTIRE AGREEMENT; NO WAIVER. This Agreement contains the entire
agreement between the Parties with respect to the subject matter herein and may
not be modified or amended except by a written instrument signed by the Parties.
Neither the failure to insist upon strict performance of any of the terms,
covenants or conditions of this Agreement, nor the acceptance of monies due
hereunder with knowledge of a breach of this Agreement, shall be deemed a waiver
of any rights or remedies that either Party may have or a waiver of any
subsequent breach or default in any of such agreements, terms, covenants and
conditions.

        7.      FURTHER INSTRUMENTS. Each of the Parties agrees to execute all
further instruments and documents and to take all further action as the other
Party may reasonably request in order to effectuate the terms and purposes of
this Agreement.

        8.      MODIFICATION AND SEVERABILITY. Wherever possible, each provision
of this Agreement shall be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement shall be
prohibited by or invalid under applicable law, such provision shall be deemed
modified to the extent necessary to make it enforceable under applicable law. If
any such provision is not enforceable as set forth in the preceding sentence,
the unenforceability of such provision shall not affect the other provisions of
this Agreement, but this Agreement shall be construed as if such unenforceable
provision had never been contained herein.

        9.      GOVERNING LAW. It is the intention of the Parties that the
internal substantive laws, and not the laws of conflicts, of the State of
Connecticut should govern the enforceability and validity of this Agreement, the
construction of its terms and the interpretation of the rights and duties of the
Parties.

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        10.     JURY WAIVER. The Parties, and any principals for whom they are
agents, waive the right to a trial by jury in any action arising between the
Parties or their principals under this Agreement, whether such actions are
claims in contract, tort, statute, or otherwise, or made by claim, counterclaim,
third-party claim or otherwise.

        11.     NOTICES. All notices, requests, consents, instructions,
approvals and other communications required or permitted hereunder shall be
validly given, if in writing and delivered personally, or sent by registered or
certified mail or nationally recognized air courier service, postage prepaid at
the address listed above or at such other address as such Party may specify by
written notice to each other Party. Each such notice, request, consent,
instruction, approval and other communication shall for all purposes of this
Agreement be treated as being effective or having been given when delivered, if
delivered personally, or, if sent by mail, at the earlier of its actual receipt
or three (3) days after the same has been deposited in a regularly maintained
receptacle for the deposit of United States mail, addressed and postage prepaid
as aforesaid, and if by air courier, one (1) day after the same has been
deposited with such air courier.

        12.     HEADINGS. The titles and headings of the various sections and
paragraphs in this Agreement are intended solely for convenience of reference
and are not intended for any other purpose whatsoever, or to explain, modify or
place any construction upon or on any of the provisions of this Agreement.

        13.     INTERPRETATION. This Agreement shall be construed as a whole
according to its fair meaning. It shall not be construed strictly for or against
either Party. Unless the context indicates otherwise, the term "or" shall be
deemed to include the term "and" and the singular or plural number shall be
deemed to include the other.

        14.     COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which will be deemed an original, but which collectively
will constitute one and the same instrument.

                            [Signature page follows]

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        IN WITNESS WHEREOF, the Parties have executed this Agreement on the date
first above written.

                                     PATRIOT NATIONAL BANK

                                     By: /s/ Angelo De Caro
                                        --------------------
                                         Chairman of the Board of Directors

                                     EXECUTIVE

                                     /s/ Martin G. Noble
                                     -------------------
                                     Martin G. Noble

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                                                                    EXHIBIT 10.9

                              EMPLOYMENT AGREEMENT

        This Employment Agreement dated as of January 1, 2005 is by and between
Patriot National Bank, a national banking association ("Patriot") and Marcus
Zavattaro (the "Executive").

                                    RECITALS

        Patriot desires to employ the Executive and to have the benefit of his
skills and services, and the Executive desires to be employed by Patriot on the
terms and conditions set forth herein.

        NOW, THEREFORE, in consideration of the mutual promises, terms,
covenants and conditions set forth herein, and the performance of each, the
parties, intending legally to be bound, hereby agree as follows:

                                   AGREEMENTS

        SECTION 1.    DEFINITIONS. For purposes of this Agreement, the following
terms have the meanings set forth below:

        "BOARD" means the Board of Directors of Patriot as same is constituted
from time to time.

        "BUSINESS" means the business operations of the Residential Lending
Group of Patriot National Bank, which consists of the residential mortgage
brokerage origination business as it exists on the date hereof.

        "CAUSE" means (a) the commission by the Executive of any act, on or
after the date of this Agreement, constituting, as to any cash funds or other
receipts of Patriot, or any material property of Patriot or any other Person,
(i) theft, (ii) embezzlement, (iii) fraud, (iv) gross misconduct, (v) dishonesty
or (vi) or misappropriation of material property under applicable law; (b) the
conviction of the Executive of (i) a crime resulting in material injury to the
business or property of Patriot or (ii) a felony; (c) the material breach by the
Executive of this Agreement, including but not limited to the failure by the
Executive to follow all reasonable and lawful directions of the Board as to any
material matter, or the taking of any action by the Executive that would be
reasonably likely to cause material injury to Patriot or that would be in
conflict with any material interest to Patriot within a reasonable period of
time following Executive's receipt of written notice thereof by Patriot, which
notice is sufficiently specific so as to permit Executive reasonably to cure
such misconduct; or (d) the misuse or unlawful use of drugs, alcohol or other
controlled substances in contravention of written policies of Patriot that are
applicable to all employees of Patriot.

        "CONFIDENTIAL INFORMATION" means information that was or is used,
developed or obtained by Patriot in connection with its business, including (a)
products or services, (b) fees, costs and pricing structures, (c) analyses, (d)
computer software, including operating systems, applications

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and program listings, (e) flow charts, manuals and documentation, (f) data
bases, (g) accounting and business methods, (h) inventions, devices, new
developments, methods and processes, whether patentable or unpatentable and
whether or not reduced to practice, (i) other copyrightable works, (j) all
technology and trade secrets, and (k) all similar and related information in
whatever form or medium. Notwithstanding the foregoing, this Agreement imposes
no obligation upon the Executive with respect to Confidential Information which
(a) was known to the Executive before receipt from Patriot, (b) is or becomes
publicly available through no fault of the Executive, (c) is disclosed to the
Executive by a third party without a duty of confidentiality on the part of the
third party to Patriot, (d) is subsequently independently developed by the
Executive without a breach of this Agreement, or (e) is required to be disclosed
by the Executive in a judicial or administrative proceeding, provided that the
Executive gives Patriot reasonable advance notice of such required disclosure so
that Executive may contest the disclosure or seek a protective order.

        "EFFECTIVE DATE" means the date of this Agreement.

        "EMPLOYMENT PERIOD" has the meaning set forth in Section 5 of this
Agreement.

        "EXECUTIVE" means Marcus Zavattaro.

        "PERMANENT DISABILITY" shall have occurred if as a result of physical or
mental incapacity, the Employee shall have been incapable of performing
Employee's duties hereunder for a period in excess of 120 consecutive days in
any 6 month period, or an aggregate of 240 days in any 12 month period.

        "PERSON" means an individual, a partnership, a corporation, a limited
liability company, an association, a trust, a joint venture, an unincorporated
organization and a governmental entity or any department, agency or political
subdivision thereof.

        "RLG" means the Residential Lending Group of Patriot.

        "REIMBURSABLE EXPENSES" has the meaning set forth in Section 4.4 of this
Agreement.

        "SUBSIDIARY" means, with respect to any Person, any corporation,
partnership, limited liability company, association or other business entity of
which (a) if a corporation, a majority of the total voting power of shares of
stock entitled (without regard to the occurrence of any contingency) to vote in
the election of directors, managers or trustees thereof is at the time owned or
controlled, directly or indirectly, by that Person or a combination thereof, or
(b) if a partnership, limited liability company, association or other business
entity, a majority of the partnership or other similar ownership interests
thereof is at the time owned or controlled, directly or indirectly, by that
Person or one or more Subsidiaries of the Person or a combination thereof. For
purposes of this Agreement, a Person or Persons will be deemed to have a
majority ownership interest in a partnership, limited liability company,
association or other business entity if such Person or Persons are allocated a
majority of partnership, limited liability company, association or other
business entity gains or losses or control the managing director or member or

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general partner of such partnership, limited liability company, association or
other business entity.

        "TERMINATION DATE" shall mean December 31, 2005.

        SECTION 2.    EMPLOYMENT. Patriot hereby employs the Executive, and
the Executive hereby accepts employment with Patriot, upon the terms and
conditions set forth in this Agreement, for the Employment Period provided in
Section 5.

        SECTION 3.    POSITION AND DUTIES.

        3.1     POSITION. The Executive shall hold the position of Executive
Vice President of Patriot National Bank, and the title Division Sales Manager of
the Residential Lending Group of Patriot National Bank. During the Employment
Period, the Executive will perform such reasonable executive and management
duties as may, from time to time, be determined and assigned to him by the
Chairman, Chief Executive Officer, President and/or the Management Committee of
Patriot National Bank, which duties shall be similar to the services the
Executive rendered to RLG in the past and shall relate primarily to the
residential real estate mortgage origination business of Patriot and its
affiliates. Patriot shall not require the Executive to relocate to any office of
Patriot outside of Fairfield County, Connecticut.

        3.2     PERFORMANCE OF DUTIES; OTHER ACTIVITIES. The Executive shall
devote his best efforts, attention and skills toward performing his duties on
behalf of Patriot, and his full business and professional time to fully and
faithfully perform such duties and responsibilities to the best of his abilities
in a diligent, trustworthy, businesslike and efficient manner. The Executive
shall do such traveling as may reasonably be required in connection with the
performance of his duties and responsibilities hereunder, provided that the
Executive will not be assigned to regular duties such as would require him to
relocate his permanent residence.

        3.3 REPORTING. The Executive will report to the Chairman, Chief
Executive Officer, President and/or the Management Committee of Patriot National
Bank.

        SECTION 4.    COMPENSATION AND BENEFITS.

        4.1     COMPENSATION. The compensation payable to the Executive by
Patriot during the Employment Period is set forth on Schedule A hereto.

        4.2     Executive Stock Purchases and Stock Options. The Executive may
be granted options and opportunities to purchase Patriot Common Stock consistent
with stock purchase plans and option plans provided to senior management of
Patriot and as may be awarded in the sole discretion of Patriot's Board of
Directors from time to time.

        4.3     BENEFITS. In addition to the aforesaid compensation, the
Executive shall be entitled to be included under the same rules or restrictions
in any employee welfare and retirement plan or program of Patriot generally
available to its employees and or officers, including, without

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limitation, plans for hospital services, medical services benefits, sick pay,
dental and other health plans, as well as the following benefits during the
Employment Period:

                (a) four weeks of paid vacation per year during the Employment
                    Period;

                (b) five personal/sick days per year;

                (c) participation in the 401K Plan of Patriot consistent with
                    the participation afforded other similarly positioned
                    Patriot executives.

        4.4     EXPENSES. Patriot shall reimburse the Executive for any and all
reasonable expenses incurred by him in the course of performing his duties under
this Agreement which are consistent with Patriot's policies in effect from time
to time with including business travel, entertainment, mileage expenses and
other business expenses ("Reimbursable Expenses"), subject to Patriot's
requirements with respect to reporting and documentation of expenses.

        SECTION 5.    EMPLOYMENT PERIOD AND TERMINATION.

        5.1     EMPLOYMENT PERIOD. The Executive's employment hereunder shall
commence on the Effective Date, and, unless renewed or modified by written
agreement between Patriot and the Executive, the Employment Period will
terminate on the "Termination Date"; provided, however, that (a) the Employment
Period shall terminate prior to such date upon the Executive's death or
Permanent Disability, and (b) the Employment Period may be terminated by Patriot
at any time prior to such date, if such termination shall be for Cause. The
Executive and Patriot agree to begin negotiations to renew this employment
agreement by September 15, 2005 and to use their best efforts to complete
negotiations by October 15, 2005 provided, however, that neither the Executive
nor Patriot shall have any legal obligation to renew this employment agreement.

        5.2     UNJUSTIFIED TERMINATION. Except as otherwise provided in
Section 5.3 below, if the Employment Period shall be terminated by Patriot prior
to the Termination Date for any reason other than (a) for Cause, or (b) as a
result of the death or Permanent Disability of the Executive (collectively, an
"Unjustified Termination"), the Executive shall, so long as the Executive has
not breached and does not breach the provisions of Sections 6, 7 or 8 of this
Agreement, be entitled to receive during the unexpired portion of the Employment
Period (i) continuation of his compensation, (ii) reimbursement of all
Reimbursable Expenses incurred by the Executive prior to the termination of the
Employment Period, and (iii) continuation of all medical benefits.

        5.3     JUSTIFIED TERMINATION. If the Employment Period shall be
terminated by Patriot prior to the Termination Date (a) for Cause, (b) as a
result of the Executive's resignation, or (c) as a result of the death or
permanent disability of the Executive (collectively, a "Justified Termination"),
the Executive shall be entitled to receive his compensation through the date of
termination and reimbursement of all Reimbursable Expenses incurred by the
Executive prior to the termination of the Employment Period. A termination for
Cause shall become effective on the date designated by Patriot.

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        5.4     BENEFITS. Except as otherwise required by law, all of the
Executive's rights to fringe benefits under this Agreement, if any, accruing
after the termination of the Employment Period as a result of a Justified
Termination will cease upon such Justified Termination.

        SECTION 6.    NON-COMPETITION AGREEMENT.

        (a)     The Executive covenants and agrees that during the Employment
Period, and for a period of 1 year following the Termination Date (the
"Restricted Period") for any reason (excluding an Unjustified Termination by
Patriot) of such employment, he will not, without the prior written consent of
Patriot, on his own behalf or in the service or on behalf of others anywhere in
Westchester, Nassau or Suffolk counties in the State of New York or in the State
of Connecticut as an owner, manager, stockholder (except as a holder of no more
than 1% of the issued and outstanding stock of a publicly traded company)
consultant, director, officer, principal partner, agent or employee of any
business entity, participate in the development or provision of goods or
services in the area of residential conforming and non-conforming mortgage
origination. The enforcement, which is at the discretion of Patriot, of this
Section 6, for the period following the Termination Date, as a result of either
(i) a non-renewal of the Employment Period under Section 5.1, or (ii) an
Unjustified Termination under Section 5.2, shall be conditioned upon Patriot
paying to the Executive the compensation payable under Section 4.1, Schedule A
#1 - Salary/ Commission during the entire Restricted Period (at 75% of the
amount and in the same manner as paid during the final year immediately
preceding the Employment Period).

        (b)     The Executive covenants and agrees that during the Restricted
Period, the Executive will refrain from interfering with the employment
relationship between Patriot and its employees and will not solicit any of such
employees for employment by an entity other than Patriot.

        SECTION 7.    DELIVERY OF MATERIALS UPON TERMINATION OF EMPLOYMENT. As
requested by Patriot from time to time and upon the termination of the
Executive's employment with Patriot for any reason, the Executive will promptly
deliver to Patriot all copies and embodiments, in whatever form or medium, of
all Confidential Information in the Executive's possession or within his control
irrespective of the location or form of such material and, if requested by
Patriot, will provide Patriot with written confirmation that all such materials
have been delivered to Patriot.

        SECTION 8.    NONDISCLOSURE AND NON-USE OF CONFIDENTIAL INFORMATION. The
Executive will not, at any time, disclose or use any Confidential Information of
which the Executive is or becomes aware, whether or not such information is
developed by him, except to the extent that such disclosure or use is directly
related to and required by the Executive's performance of duties assigned to the
Executive pursuant to this Agreement.

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        SECTION 9.    AFFILIATES; EQUITABLE RELIEF. The Executive acknowledges
that a breach or threatened breach by him of any of his covenants contained in
Sections 6, 7 and 8 of this Agreement could cause irreparable harm to Patriot
for which it would have no adequate remedy at law. Accordingly, and in addition
to any remedies which Patriot may have at law, in the event of an actual or
threatened breach by the Executive of his covenants contained in Sections 6, 7
and 8 of this Agreement, Patriot shall have the absolute right to apply to any
court of competent jurisdiction for such injunctive or other equitable relief as
such court may deem necessary or appropriate in the circumstances.

        SECTION 10.   NO PRIOR AGREEMENTS. The Executive hereby represents and
warrants to Patriot that the execution of this Agreement by Executive, his
employment by Patriot, and the performance of his duties hereunder will not
violate or be a breach of any agreement with a former employer, client, or any
other Person. Further, Executive agrees to indemnify and hold harmless Patriot
and its officers, directors, and representatives for any claim, including, but
not limited to, reasonable attorney's fees and expenses of investigation, of any
such third party that such third party may now have or may hereafter come to
have against Patriot or such other persons, based upon or arising out of any
non-competition agreement, invention, secrecy, or other agreement between
Employee and such third party that was in existence as of the date of this
Agreement. To the extent that Employee had any oral or written employment
agreement or understanding with Patriot, this Agreement shall automatically
supersede such agreement or understanding, and upon execution of this Agreement
by Employee and Patriot, such prior agreement or understanding automatically
shall be deemed to have been terminated and shall be null and void.

        SECTION 11.   MISCELLANEOUS.

        11.1    REMEDIES. The parties to this Agreement shall have all rights
and remedies set forth in this Agreement, all rights and remedies which either
party has been granted at any time under any other agreement or contract and all
of the rights which either has under any law. Both parties will be entitled to
enforce such rights specifically, without posting a bond or other security, to
recover damages by reason of any breach of any provision of this Agreement and
to exercise all other rights granted by law or available in equity.

        11.2    WAIVERS AND AMENDMENTS. The provisions of this Agreement may be
amended or waived only by a written agreement executed and delivered by Patriot
and the Executive. No other course of dealing between the parties to this
Agreement or any delay in exercising any rights hereunder will operate as a
waiver of any rights of any such parties.

        11.3    SUCCESSORS AND ASSIGNS. All covenants and agreements contained
in this Agreement by or on behalf of any of the parties hereto and their
respective heirs, executors, administrators, personal representatives,
successors and assigns, whether so expressed or not; provided that the Executive
may not assign his rights or delegate his obligations under this Agreement
without the written consent of Patriot.

        11.4    SEVERABILITY. Whenever possible, each provision of this
Agreement will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision

                                        6
<Page>

of this Agreement is held to be prohibited by or invalid under applicable law,
such provision will be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of this Agreement.

        11.5    COUNTERPARTS. This Agreement may be executed simultaneously in
two or more counterparts, any one of which need not contain the signatures of
more than one party, but all of which counterparts taken together will
constitute one and the same agreement.

        11.6    DESCRIPTIVE HEADINGS. The descriptive headings of this Agreement
are inserted for convenience only and do not constitute a part of this
Agreement.

        11.7    NOTICES. All notices, demands or other communications to be
given or delivered under or by reason of the provisions of this Agreement will
be in writing and will be deemed to have been given when delivered personally to
the recipient, two business days after the date when sent to the recipient by
certified or registered mail, return receipt requested and postage prepaid. Such
notices, demands, and other communications will be sent to the Executive and to
Patriot at the addresses set forth below.

        If to the Executive:

                Marcus Zavattaro
                c/o Residential Lending Group of Patriot National Bank
                1177 Summer Street
                Stamford, CT 06905

        And

                Marcus Zavattaro
                1 Highmeadow Road
                Old Greenwich, CT 06870

        If to Patriot:

                Patriot National Bank
                900 Bedford Street
                Stamford, CT 06901
                Attn: Chairman

or to such other address or to the attention of such other Person as the
recipient party has specified by prior written notice to the sending party.

        11.8    NO THIRD PARTY BENEFICIARY. This Agreement will not confer any
rights or remedies upon any person other than Patriot, the Executive and their
respective heirs, executors, administrators, personal representatives,
successors and permitted assigns.

                                        7
<Page>

        11.9    ENTIRE AGREEMENT. This Agreement constitutes the entire
agreement among the parties and supersedes any prior understandings, agreements
or representations by or among the parties, written or oral, that may have
related in any way to the subject matter hereof.

        11.10   CONSTRUCTION. The language used in this Agreement will be deemed
to be the language chosen by the parties to express their mutual intent, and no
rule of strict construction will be applied against any party. Any reference to
any federal, state, local or foreign statute or law will be deemed also to refer
to all rules and regulations promulgated thereunder, unless the context requires
otherwise. The use of the word "including" in this Agreement means "including
without limitation" and is intended by the parties to be by way of example
rather than limitation.

        11.11   LIFE INSURANCE. The Executive agrees that Patriot shall have the
right to obtain life insurance on the Executive's life, at the sole expense of
Patriot, as the case may be, and with Patriot as the sole beneficiary thereof.
The Executive shall (a) cooperate fully in obtaining such life insurance, (b)
sign any necessary consents, applications and other related forms or documents
and (c) take any reasonably required medical examinations.

        11.12   SURVIVAL. Sections 6, 7, 8 and 9, of this Agreement will survive
and continue in full force in accordance with their terms notwithstanding any
termination of the Employment Period.

        IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.

                         PATRIOT NATIONAL BANK

                         By:   /s/ Angelo De Caro
                            ----------------------
                               Its Chairman

                         /s/ Marcus Zavattaro
                         --------------------
                         Marcus Zavattaro

                                        8
<Page>

                                   SCHEDULE A

                                  COMPENSATION

                            Residential Lending Group

        1.      SALARY / COMMISSION. The Executive shall receive sixty (60%)
percent of the fee income generated by the Residential Lending Group of Patriot
National Bank from mortgage transactions for customers directly obtained by the
Executive. The annual amount payable pursuant to the preceding sentence shall
not exceed Four Hundred Thousand ($400,000.00) Dollars per year, but shall not
be less than One Hundred Fifty Thousand ($150,000.00) Dollars per year. This
salary will be payable by Patriot in regular installments in accordance with the
general payroll practices of Patriot as in effect from time to time, initially
at the rate of One Hundred Fifty Thousand ($150,000.00) Dollars per year until
such time as Two Hundred and Fifty Thousand ($250,000.00) Dollars in fee income
has been generated, and thereafter, such draw rate will be adjusted to reflect
actual monthly fee income generation.

        The Executive shall not be entitled to receive salary/commissions in
respect of new lines of business generated within the Residential Lending Group
of Patriot National Bank (for example, warehouse lending), provided that any
such additional or new business generated by the Executive shall be taken into
account by Patriot's Management Committee and Board of Directors in considering
possible bonuses for the Executive.

        2.      EMPLOYEE OVERRIDE. In addition, if the Residential Lending Group
earns $225,000.00 after-tax (after deduction of all expenses, salaries,
commissions and deduction for any employee override payments described below),
the Executive shall receive payments equal to (i) five (5%) percent of the
commissions paid to the employees reporting to the Executive where such
employees earn fifty (50%) percent or less of the fee income generated by such
employees and (ii) three (3%) percent of the commissions paid to the employees
reporting to the Executive where such employees earn over fifty (50%) percent of
the fee income generated by such employees. The amount of this employee override
payment shall be payable annually after the results of the annual audit are
certified provided that the Executive is employed by Patriot on the last day of
the Employment Period.

        3.      PROFIT PARTICIPATION. After such time as the Residential Lending
Group earns $330,000 (after deduction of all expenses, salaries, commissions and
employee override payments and profit participation payments), the Executive
shall receive Twenty Five (25%) percent of the after-tax profits of the Business
over Three Hundred and Thirty Thousand ($330,000.00) Dollars (calculated on a
after-tax basis). In calculating profits for purposes of this paragraph, the
revenues and expenses of the Business shall be accounted for in accordance with
generally accepted accounting principles, consistently applied.

        4.      RLG REFERRAL CREDITS. In calculating profits for purposes of
paragraph 3 above, the Residential Lending Group of Patriot National Bank will
receive credit for referral fees for any loans booked by Patriot and demand
deposits maintained at Patriot, respectively, which are

                                        9
<Page>

referred to Patriot by the Executive. Such credits will not be included in
calculating the salary, commissions or RLG division profits described in
paragraph 1 above. Such credits shall be in the following amounts:

                (i)     Residential First Mortgages -- One (1%) percent of
        principal, credited in twelve (12) equal monthly installments following
        the date such loan is booked, provided such loan remains on the books
        during such time;

                (ii)    Commercial Loans -- One (1%) percent of principal
        (renewals of commercial loans and commercial lines of credit do not
        qualify);

                (iii)   Bridge Loans -- one quarter of one percent (.25%) of the
        average annual balance for the first year;

                (iv)    Home Equity and Other Lines of Credit -- one-half of one
        percent (0.50%) of the average annual balance for the first year;

                (v)     Deposits -- Credited on a schedule equivalent to the
        schedule applicable for other loan officers of Patriot as determined by
        the Management Committee and the Board of Directors from time to time
        (see Schedule B attached);

                (vi)    No referral credits will be given on residential
        mortgages, HELOC, or end-financing on construction loans originated by
        other Patriot employees, underwritten by Patriot and held in Patriot's
        portfolio.

                (vii)   The Profit Participation amount shall be payable on an
        annual basis after the results of the annual audit are certified
        provided that the Executive is employed on the last day of the
        Employment Period.

        5.      EXECUTIVE JOB DESCRIPTION - SEE SCHEDULE "C".

                                       10
<Page>

                                   SCHEDULE B

                        Assumes a Base Salary of $150,000

<Table>
<S>                              <C>          <C>          <C>          <C>          <C>          <C>
% of Goal                               90%         100%         125%         150%         175%         200%

% of Bonus Target Pay Out               75%         100%         125%         150%         175%         200%

Pay Out            Deposits      $   3,936    $   6,000    $   7,500    $  11,252    $  13,124    $  30,000
</Table>

Deposits: $1,800,000 in new average deposits for the calendar year 2005
          comprised of checking, savings and money market accounts, of which at
          least $600,000 shall be non-interest bearing checking accounts. CD's
          are excluded.

                                       11
<Page>

                                   SCHEDULE C

                                MARCUS ZAVATTARO

                           JOB RESPONSIBILITIES - 2005

                          RESIDENTIAL LENDING DIVISION

Includes but not limited to:

     -    Maintain high ethical standards for division

     -    Recruit and train loan originators

     -    Assist loan originators in structuring and closing deals

     -    Manage the resolution of any customer related issues

     -    Grow our revenue stream by hiring more loan originators, offering
          additional types of loans (B and C, FHA, etc.)

     -    Establish loan origination officers in appropriate geographical
          locations, while considering the potential for possible bank branch
          expansion

     -    Encourage loan originators to seek out commercial loans

     -    Establish and cultivate new investor relationships

     -    Keeping aware of new technology to support our employees and business

     -    Administration and budgeting

                                       12

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