Patriot Bank expands into Palm Beach and South Florida market

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

Patriot Bank announced its expansion into the South Florida market with a new flagship location in Palm Beach expected to open by year end. Jamie Bruneau, Executive Vice President and Florida Market President, will lead the office, bringing over 23 years of ultra-high-net-worth banking experience from Safra National Bank and First Republic Bank. He is joined by James Ford, Vice President and Senior Relationship Manager, who previously served as a Managing Director at First Republic Bank. The Palm Beach office will serve family offices, business owners, entrepreneurs, and their advisors with personalized banking and tailored lending solutions. Patriot Bank, a subsidiary of Patriot National Bancorp with $1.2 billion in total assets, operates branches in Connecticut and New York and aims to serve high-net-worth clients in markets including New York, Greenwich, Beverly Hills, and now Palm Beach.

Impact on stocks 1

Financials · 1 stocks
Patriot National Bancorp Inc
PNBK
▲ PositiveDemandrelevance

Patriot Bank's expansion into Palm Beach to serve high-net-worth clients is expected to increase customer base and revenue.

Off-coverage companies 1

Safra National Bank of New YorkPrivate± Mixed
relevance