Patriot Bank to Open Flagship Palm Beach Branch by Year-End
PNBK•Patriot Bank will open a flagship Palm Beach branch by year-end under Executive Vice President Jamie Bruneau to serve high-net-worth clients in South Florida. This marks its first South Florida presence for the $1.2 billion asset bank, targeting ultrahigh-net-worth lending and wealth services that could boost fee income.
1. Expansion into Palm Beach
Patriot Bank plans to establish its first South Florida office with a flagship location in Palm Beach, scheduled to open by year-end. The new branch aims to deliver personalized banking and lending solutions to entrepreneurs, business owners, family offices and high-net-worth individuals in one of the nation’s most affluent markets.
2. Leadership Team
Jamie Bruneau, Executive Vice President and Florida Market President, will lead the Palm Beach office alongside Vice President James Ford. Bruneau brings over 23 years of ultra-high-net-worth banking experience, while Ford contributes 15 years of relationship management expertise in private equity, family office and law firm banking.
3. Market Opportunity
Palm Beach’s dynamic community of investors and family offices aligns with Patriot Bank’s relationship-focused strategy, offering potential to expand its wealth management and tailored lending revenues. The presence complements existing branches in New York, Greenwich and Beverly Hills, positioning the bank to capture new fee-based business in a high-growth region.
4. Bank Profile
Chartered by the Office of the Comptroller of the Currency and FDIC-insured, Patriot Bank holds $1.2 billion in assets and operates branches across Connecticut and New York. The bank provides commercial banking, private banking, treasury management and lending solutions to businesses and high-net-worth clients nationwide.
