NASDAQ, PNBK - Patriot Natl Bncp
Patriot National Bancorp, Inc. (?Bancorp?), a Connecticut corporation, was
organized in 1999 for the purpose of becoming a one-bank holding company (the
?Reorganization?) for Patriot National Bank, a national banking association
headquartered in Stamford, Fairfield County, Connecticut (the ?Bank?). Following
receipt of regulatory and shareholder approvals, the Reorganization became
effective as of the opening of business on December 1, 1999. Upon consummation
of the Reorganization, each outstanding share of Common Stock, par value
$2.00 per share, of the Bank (?Bank Common Stock?), was converted into the right
to receive one share of Common Stock, par value $2.00 per share, of Bancorp
(?Bancorp Common Stock?), and each outstanding option or warrant to purchase
Bank Common Stock became an option or warrant to purchase an equal number of
shares of Bancorp Common Stock. ...
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