Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 23, 2023, Robert G. Russell, Jr. tendered his resignation as President, Chief Executive Officer and Director of Patriot National Bancorp, Inc. (the "Company") and Patriot Bank, N.A., a wholly-owned subsidiary of the Company ("Patriot Bank"), to be effective as of April 21, 2023.

In conjunction with Mr. Russell's resignation, David Lowery, Executive Vice President and Chief Lending Officer of Patriot Bank, was promoted by the Board of Directors to serve as President, Chief Executive Officer and Director of the Company and Patriot Bank on March 26, 2023, to be effective as of April 21, 2023.

Mr. Lowery, age 48, joined Patriot Bank in April 2021 as Head of Lending, and became Executive Vice President and Chief Lending Officer of Patriot Bank in September 2021. Mr. Lowery is leading Patriot Bank's SBA division, Commercial Real Estate, C&I and Consumer Lending areas. Prior to joining Patriot Bank, Mr. Lowery served in various senior capacities with several institutions, including Senior Vice President at IBERIABANK from December 2018 to February 2021, Head of Commercial Real Estate at Metropolitan Commercial Bank from September 2015 to July 2018, and Vice President at M&T Bank where he worked from January 2008 to July 2015. Mr. Lowery earned his MBA from Loyola University in Maryland where he also received his undergraduate degree in Economics.

Item 7.01. Regulation FD Disclosure.

On March 29, 2023, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1, regarding Mr. Russell's resignation and Mr. Lowery's appointment.

The information contained in this section of the Current Report on Form 8-K (including the exhibit) is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01. Financial Statements and Exhibits.



(c) Exhibits

Exhibit No.    Description

  99.1           Press Release of Patriot National Bancorp, Inc., dated March 29,
               2023
104            Cover Page Interactive Data File (embedded within the Inline XBRL
               document)

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