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News 2026-07-01 10:11 UTC

Patriot Bank Terminates Formal Agreement With U.S. OCC, Effective June 30

The Office of the Comptroller of the Currency, in an order dated June 30, 2026, stated that "the safety and soundness of the Bank and its compliance with the laws and regulations does not require the continued existence of the [Formal] Agreement." Steven Sugarman, President and CEO of Patriot Bank, stated "This importa