Patriot National Bancorp Inc. announced on September 5, 2025, that it has fully satisfied its commitments and obligations under its 8.50% Fixed Rate Senior Notes due 2026. The company repaid an aggregate amount of $3,081,380.97 in cash to the remaining noteholders, following the conversion of certain noteholders' outstanding principal and unpaid interest balances into shares of the company's common stock. This move comes after amendments made in connection with a $57.75 million private placement completed on March 20, 2025, which allowed the company to repay any amount of the outstanding principal without penalty before the maturity date.
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