Item 1.01. Entry into a Material Definitive Agreement.



On January 24, 2022 (the "Closing Date"), Professional Holding Corp. (the
"Company") and Valley National Bank, entered into an extension (the "Valley
National Extension") of that certain Promissory Note (Revolving) (the "Note")
dated December 19, 2019, as extended January 7, 2021, and further extended May
10, 2021, in the amount of $10.0 million. The principal balance outstanding
pursuant to the Note on the Closing Date was $10.0 million.

The Valley National Extension, among other things, extended the maturity date of
the Note to March 1, 2023, and increased the availability under the Note from
$10.0 million to $25.0 million. The other material terms of the Note were
unchanged.

The foregoing description of the Valley National Extension is qualified in its
entirety by reference to the complete text of the Valley National Extension, a
copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and
is incorporated herein by reference

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 is hereby incorporated by reference to this Item 2.03.

Item 9.01. Financial Statements and Exhibits.


   Exhibit No.           Description
       10.1                Extension dated January 24, 2022, to the

Promissory Note (Revolving) dated

December 19, 2019, extended as of January 7, 2021,

and extended as of May


                         10, 2021, by and between Professional Holding

Corp. and Valley National


                         Bank.
       104               Cover Page Interactive Data File (embedded within

the Inline XBRL Document)

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