Patriot National Bancorp Announces Leadership Changes and Strategic Shifts

Patriot National Bancorp has announced the conversion of senior notes into common stock by Unity Bancorp Inc. and American Bank Incorporated. The company has also appointed Carlos Salas as Executive Vice President and Chief Financial Officer, and Mario De Tomasi as a director. The leadership changes are expected to impact the company's operations and industry positioning positively. However, technical indicators show a potential for stabilization, and valuation concerns persist due to negative profitability and the absence of dividend yield.