Patriot Bank Announces Addition of former top SBA official Brent Ciurlino to its Board
November 01 2018 - 8:30AM
Patriot National Bancorp, Inc. (“Patriot”) (NASDAQ:PNBK), the
parent company of Patriot Bank, N.A. (the “Bank”), today announced
it has appointed finance industry veteran and former top regulatory
official with the U.S. Small Business Administration (SBA) Brent
Ciurlino to its board of directors.
Mr. Ciurlino currently leads a specialized risk management and
regulatory practice at Ivorhill Financial Advisers in Washington,
D.C., where he has handled international assignments with the World
Bank, IFC and IMF. He has a broad background and expertise in
credit and risk management, having served in numerous roles in the
private and public sectors.
He served as Director of the Office of Credit Risk Management
for the SBA, where he implemented the PARRiS/SMART risk protocols
and supervised the $105 billion SBA 7(a) and 504 loan debenture and
portfolio programs. He also supervised and regulated more than
4,000 SBA financial institutions across the United States.
“As a banking executive and former federal regulator overseeing
small business loan programs, Brent brings substantial expertise
and value that will benefit Patriot Bank, its customers and its
shareholders,” said Patriot Chairman and CEO Michael
Carrazza. “As we build our small business lending
portfolio and look ahead to the goals we have set, Brent’s active
involvement will bring a heightened dimension of operational,
regulatory and risk management oversight. We are thrilled to have
him aboard.”
“It is very exciting to become a part of Patriot’s dynamic and
talented team, particularly in the areas of SBA lending and
enterprise risk management,” said Mr.
Ciurlino. “I’m delighted to actively contribute to
Patriot’s successful growth, diversification and expansion of its
small business lending capabilities. I look forward to working with
my colleagues on the board and with the senior management
team.”
Patriot became an approved SBA lender at the end of 2017 and was
designated a “preferred lender” by the SBA earlier in this year,
enabling it to approve loans to small businesses and entrepreneurs
more quickly and efficiently. Patriot opened SBA Business
Development offices in Stamford, CT and Atlanta, GA this year and
plans to open in Jacksonville, FL later this month.
Following the financial crisis and prior to his position of
Director of the Office of Credit and Risk Management for the Small
Business Administration, Mr. Ciurlino was appointed by former FDIC
Chairman, Sheila Bair, Senior Asset Management Executive
responsible for the Western Region of the FDIC Branch of Franchise
and Asset Services. He served as designated voting member of
the Regional Credit, Strategic Bank Resolution and Bank Oversight
Committees. In these roles Mr. Ciurlino:
- Monitored and Supervised over 800 banks and bank holding
companies;
- Supervised 165 franchise banks & receivership transactions,
with over $150B in assets;
- Supervised $88 billion in 68 Western Region loss share banks
and 11 structured transactions; and
- Completed over 92 secondary loan transactions for over $14
billion across the U.S.
Prior to this, he served as Managing Director at RSM Global
International, where he managed diverse banking engagements for
domestic and international banks, the FDIC, SBA, HUD, World
Bank/IFC, and the IMF.
He also served as Managing Director/CEO of UnionBank Holding
Company and UnionBank, a $2 billion international banking group,
with 32 domestic and international branches and two international
credit card processing centers, which merged with Royal Bank of
Canada.
Prior to Union Bank, he served as Senior Vice President – Chief
Credit and Underwriting Officer at RSM- Unicorp, where he worked on
numerous domestic and international assignments representing
several banks, financial institutions and government agencies.
His first FDIC appointment was in 1990, where he was appointed
Deputy Director of Asset Management Services for the Resolution
Trust Corp and the FDIC.
Most recently Mr. Ciurlino served as Chief Operating and Risk
Officer for Freedom Mortgage Corporation and Freedom Small Business
Lending BIDCO, and led its sale and divestiture to ReadyCap
Lending, the largest SBA lending company.
He graduated from the University of Maine with a B.S. degree and
earned his M.S. degree in Economics and Finance from Washington
State University.
About the Company
Founded in 1994, Patriot National Bancorp, Inc.
(“Patriot” or “Bancorp”) is the parent holding company of Patriot
Bank N.A. (“Patriot”), a nationally chartered
bank headquartered in Stamford, CT. Patriot operates
with full service branches in Connecticut and New York and
provides lending products and services nationally. Patriot’s
mission is to serve its local community and nationwide
customer base by providing a growing array of banking solutions to
meet the needs of individuals and small businesses owners.
Patriot places great value in the integrity of its people and how
it conducts business. An emphasis on building strong client
relationships and community involvement are cornerstones of our
philosophy as we seek to maximize shareholder value.
Contact:Butler Associates, LLC
Public RelationsTom Butler 646-213-1802 /
tbutler@ButlerAssociates.com
Patriot National Bancorp (NASDAQ:PNBK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Patriot National Bancorp (NASDAQ:PNBK)
Historical Stock Chart
From Jul 2023 to Jul 2024