PATRIOT NATIONAL BANCORP, INC. (NASDAQ:PNBK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Joseph D. Perillo was brought on by the Board of Directors of Patriot National Bancorp, Inc. (“Patriot” or the “Company”) on January 3, 2017 as a senior executive consultant, tasked with assessing the finance department’s processes and improving operations and internal controls. He has been instrumental in developing multiple earnings improvement strategies, which have already proved beneficial. He has had an accomplished finance career beginning in public accounting with KPMG, then spending the next 20 years in banking with Citibank, NatWest and later as Senior Vice President & Controller for GreenPoint Financial, which was, at the time, one of the 50 largest banking companies in the U.S. More recently, from 2004 through 2015, he was both Chief Financial Officer and Chief Accounting Officer for iQor Inc., a $1.5 billion global leader in business process outsourcing. Mr. Perillo, 61, earned his B.S. Accounting from St. John’s University and is a Certified Public Accountant.
Effective as of May 9, 2017, Neil M. McDonnell has ceased acting as the Executive Vice President and Chief Financial Officer of the Company. On May 10, 2017, Joseph D. Perillo was appointed by the Board of Directors as Executive Vice President and Chief Financial Officer of the Company, effective as of May 9, 2017.
PATRIOT NATIONAL BANCORP, INC. (NASDAQ:PNBK) Recent Trading Information
PATRIOT NATIONAL BANCORP, INC. (NASDAQ:PNBK) closed its last trading session at with 404 shares trading hands.