FAIRFIELD COUNTY, Conn. -- Fairfield County-based Patriot National Bancorp Inc. has expanded its stock ownership family by granting each of its approximately 100 employees, as of Dec. 31, an ownership stake in the community bank.
Each Patriot Bank employee has been granted 100 shares of stock in the publicly traded company, ensuring they have a greater incentive in the success of the bank.
Last fall, investment banking and advisory firm Sandler O’Neill and Partners named Patriot one of the nation’s top performing small-cap banks. It was the only bank in New England to receive this designation among 435 publicly traded U.S. banks and thrifts evaluated across the United States.
“When our customers walk into any Patriot location, they are now greeted by owners of their local community bank. Customers are entrusting their financial futures to bankers who have a personal investment in the bank’s success,” said Ken Neilson, Patriot Bank president and CEO.
“It feels wonderful to own a part of the company I work for," said Stamford-based banker Judith Corprew. "Patriot’s mission of ‘showing by doing’ comes alive with this new benefit for employees. Patriot is recognizing our commitment, hard work and desire to be a part of ensuring a bright and successful future for the bank. I appreciate that.”
“I have been with Patriot since day one and the people here are like family to me," said Stamford-based banker Carmen Estevez, who joined Patriot in 1994. "I could not have been more excited when I heard the news! I am very happy that all employees now own a little piece of the place they work and spend most of their day."
Click here to sign up for Daily Voice's free daily emails and news alerts.