** Community lender Patriot National Bancorp's PNBK.O shares slide 17.8% to $2.70
** Stock closed up 73.5% to $3.28 on Thursday
** Stamford, Connecticut-based bank last month raised over $50 million in a private placement
** PNBK has 73.7 million outstanding shares for $241.8 million market cap - data compiled by LSEG
** Net loss widened to $39.9 million in 2024, compared with $4.2 million a year earlier, per annual report
** PNBK, which has about $1 billion in assets, was earlier this year designated by the Office of the Comptroller of the Currency as being in "troubled condition"
** As of last close, PNBK stock up 69.1% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.