Patriot National Bancorp Inc..
PNBK.US | Other monetary intermediation
Patriot National Bancorp Inc. is a financial holding company that provides commercial and retail banking services. The company offers a range of deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. Its lending activities encompass commercial r...Show More
Better Health for All
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No evidence available to assess Patriot National Bancorp Inc. on Better Health for All.
Fair Money & Economic Opportunity
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Patriot Bank settled a Department of Justice probe into allegations of redlining in Memphis, targeting majority-Black and Hispanic neighborhoods, agreeing to a $1.9 million settlement.
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The bank's share of mortgage loans from majority-Black and Hispanic census tracts was 7.6%, compared to its peers' 22.6%.
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Only 2 out of 6 branches were located in majority-Black/Hispanic neighborhoods, which constitute 57.5% of the assessment area.
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Patriot Bank provided complimentary financial literacy and counseling to 20 participants at the Boys & Girls Club of Northern Westchester.
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Fair Pay & Worker Respect
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As of December 31, 2023, none of Patriot National Bancorp's 117 full-time equivalent employees are covered by a collective bargaining agreement.
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In January 2025, the Office of the Comptroller of the Currency (OCC) deemed Patriot National in "troubled condition" due to "unsafe or unsound practices" and violations of regulations, including strategic and capital planning, the Bank Secrecy Act, and anti-money laundering risk management.
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The OCC required the company to establish a compliance committee and submit reports on corrective actions.
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While some articles mention that medical, dental, and vision coverage is offered, and a 401k with company match, employee reviews from July 2025 explicitly state "no health insurance" and "no paid vacation for part-timers."
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Given the conflicting information and the specific negative review, less than 10% of staff are covered by employer health plans.
Fair Trade & Ethical Sourcing
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No evidence available to assess Patriot National Bancorp Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No specific data points or evidence related to the 'Honest & Fair Business' ethical value, such as regulatory fines, transparency index scores, whistleblower policies, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict of interest percentages, anti-corruption policies, or third-party verification, were found in the provided articles.
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Kind to Animals
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Patriot National Bancorp Inc. is a financial holding company providing commercial and retail banking services.
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Its business model does not involve products requiring cruelty-free certification, animal testing, animal-derived ingredients, animal husbandry, or animal agriculture.
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The provided articles, including the Form 10-K, explicitly state that no data related to cruelty-free certifications, animal testing policies, or other Kind to Animals-related metrics is present.
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While the company engages in 'Sustainable Agriculture Financing,'
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there is no evidence that this financing is specifically tied to ethical animal agriculture practices or measurable wildlife conservation impacts as defined by the rubric. Therefore, all KPIs related to animal welfare are not applicable to the company's operations.
No War, No Weapons
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No evidence available to assess Patriot National Bancorp Inc. on No War, No Weapons.
Planet-Friendly Business
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No evidence available to assess Patriot National Bancorp Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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The provided articles contain no specific data points or metrics related to Patriot National Bancorp Inc.'s respect for cultures and communities. Information regarding formal partnerships, revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license operations, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural training completion is absent. A donation of $7,500 to Future 5 is mentioned, but it is not specified as being directed to cultural heritage organizations, nor is it presented as a percentage of revenue.
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Safe & Smart Tech
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Customers can limit the sharing of their information for marketing purposes and for affiliates' everyday business purposes concerning creditworthiness, but they cannot limit all sharing.
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This indicates basic data control options with significant limitations. The company states it complies with federal law regarding security measures and customer information sharing.
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However, the Office of the Comptroller of the Currency (OCC) deemed Patriot Bank in "troubled condition" in January 2024, requiring a compliance committee and a strategic plan.
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This regulatory action indicates basic compliance with major regulations but with significant gaps, despite the company's general statement of compliance.
Zero Waste & Sustainable Products
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No evidence available to assess Patriot National Bancorp Inc. on Zero Waste & Sustainable Products.