Patriot National Bancorp Inc. and Kenneth T. Neilson, President and Chief Executive Officer of the company and Patriot National Bank, a subsidiary of the company, have determined that the term of Mr. Neilson's employment agreement will not be extended past its contemplated one-year term ending March 2014. Mr. Neilson has successfully completed the series of earnings and operating initiatives set by the Board of Directors of the company, and expects to conclude his assignment with the transition of his responsibilities to his successor, who will focus on asset growth and community lending. Mr. Neilson will continue in his role as a member of the Board of Directors of the company.