Brief: Patriot Bank Announces Termination Of Merger Agreement With American Challenger

Patriot National Bancorp

20/07/2022 23:36

July 20 (Reuters) - Patriot National Bancorp Inc  PNBK.O :
    * PATRIOT BANK ANNOUNCES TERMINATION OF MERGER AGREEMENT
WITH
AMERICAN CHALLENGER
    * PATRIOT NATIONAL - PARTIES REMAIN IN ACTIVE DISCUSSIONS
REGARDING A MODIFIED TRANSACTION, IT IS UNCERTAIN WHETHER A NEW
AGREEMENT CAN BE REACHED
    * PATRIOT NATIONAL BANCORP -PARTIES HAVE MUTUALLY DETERMINED
NOT
ALL CLOSING CONDITIONS OF MERGER CAN BE SATISFIED UNDER CURRENT
STRUCTURE & AGREEMENT

Source text for Eikon:  ID:nGNX3XgZ1N 
Further company coverage:  PNBK.O 

 ((Reuters.Briefs@thomsonreuters.com;))