On April 2, 2024, Patriot National Bancorp, Inc. (the Company) received a notice of retirement from Joseph Perillo, Executive Vice President of the Company and its subsidiary Patriot Bank, N.A. (the Bank), announcing his retirement and intention to continue on his current position to assist the Company during the transition period to appoint a new Chief Financial Officer, with a targeted end day of July 31, 2024. The Company has developed a plan to allow a seamless transition and potential extension of Mr. Perillo?s employment after July 31, 2024, until the Company and the Bank appoint a new Chief Financial Officer, pursuant to a previously disclosed Retention and Severance Agreement (the ?Agreement?) entered into on August 8, 2023, by and between the Company and Mr. Perillo. Mr. Perillo?s retirement is for personal reasons and not the result of any disagreement with the Company on any matter relating to the operations, policies, or practices of the Company and the Bank.

Additionally, on April 5, 2024, Judith Corprew, Chief Risk and Compliance Officer and Executive Vice President of the Bank, provided her notice of resignation to the Company. Judith will remain in her current role until May 3, 2024. Upon Ms. Corprew?s resignation, Senior Vice President and Head of Digital Payments Compliance, Joshua Oliver, will be acting Chief Risk and Compliance Officer until a permanent replacement is appointed.

Mr. Oliver, age 52, joined the Bank in May 2023 as Senior Vice President and Head of Digital Payments Compliance. Prior to that, he held the role of President and Chief Compliance Officer for Symbridge LLC from May 2021 to May 2023, Senior Vice President and Chief Compliance Officer for Metropolitan Commercial Bank from July 2014 to February 2021. Mr. Oliver began his career as a Bank Examiner for the New York State Department of Financial Services.

Mr. Oliver received a Bachelor degree of Business Administration at Baruch College, New York, NY in 1994. He is also an ACAMS Certified Anti-Money Laundering Specialist.