Patriot National Bancorp announced that its board of directors has selected Baker Tilly as its new registered public accounting firm.
Global accounting firm Baker Tilly,
which entered the Connecticut market earlier this year with its acquisition of Bethel-based CironeFriedberg, has picked up a new client in the state.
Stamford-based Patriot National Bancorp, parent of Patriot Bank, announced that its board of directors has selected Baker Tilly as its new registered public accounting firm for the fiscal year ending Dec. 31, 2025.
As a result, Patriot Bank said it ended its relationship with accounting firm RSM US LLP as of Aug. 22, according to a filing with the U.S. Securities and Exchange Commission.
Patriot Bank said its decision to break up with RSM did not stem from any “disagreements” over accounting principles, practices or financial statement disclosures.
Patriot National Bancorp also disclosed that its President and CEO Steven Sugarman has been appointed chairman of the board, effective Oct. 1. As a result, current board chair Michael Carrazza will step down from that role and become chair emeritus, the bank said.
Sugarman
became CEO of Patriot National Bancorp earlier this year as the lender has been trying to regain its footing following various financial challenges.
