Patriot National Bancorp and American Challenger Development Corp. Agree to Merge and Create Largest Digital Challenger Bank in America
Patriot National Bancorp, Inc., the parent company of Patriot Bank, N.A, and American Challenger Development Corp. ( “American Challenger”), announced that they have entered into a definitive agreement (the “Merger Agreement”) under which Patriot will acquire American Challenger via a reverse subsidiary merger, with American Challenger surviving as a wholly......