Approval of PNBK Holdings LLC, PNBK Sponsor LLC and PNBK Investment Partners, LLC to Become Bank Holding Companies

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Press Release

Approval of PNBK Holdings LLC, PNBK Sponsor LLC and PNBK Investment Partners, LLC to Become Bank Holding Companies

September 30, 2010

NEW YORK—The Federal Reserve Bank of New York approved the application by PNBK Holdings LLC, PNBK Sponsor LLC, and PNBK Investment Partners, LLC, all of Stamford, Connecticut, to become bank holding companies through the acquisition of Patriot National Bancorp, Inc. and its national bank subsidiary, Patriot National Bank, both of Stamford, Connecticut pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.

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