Brief: Patriot National Bancorp To Acquire SBA Business Lending Unit Of Hana Financial

Patriot National Bancorp

06/02/2018 13:30

Feb 6 (Reuters) - Patriot National Bancorp Inc  PNBK.O : 
    * PATRIOT NATIONAL BANCORP INC TO ACQUIRE SBA BUSINESS 
LENDING 
UNIT OF HANA FINANCIAL INC 
    * PATRIOT NATIONAL BANCORP INC - DEAL FOR TOTAL CASH 
CONSIDERATION 
IS APPROXIMATELY $83 MILLION WITH ASSUMPTION OF APPROXIMATELY 
$41 MILLION OF LIABILITIES 
    * PATRIOT NATIONAL BANCORP INC - TRANSACTION INCLUDES 
PURCHASE OF 
APPROXIMATELY $120 MILLION OF SBA 7(A) LOANS AND SERVICING 
RIGHTS 
 
Source text for Eikon:  ID:nGNXOOBVWa  
Further company coverage:  PNBK.O  
 
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