February 6, 2018 / 1:58 PM / 16 days ago

BRIEF-Patriot National Bancorp To Acquire SBA Business Lending Unit Of Hana Financial

Feb 6 (Reuters) - Patriot National Bancorp Inc:

* PATRIOT NATIONAL BANCORP INC TO ACQUIRE SBA BUSINESS LENDING UNIT OF HANA FINANCIAL INC

* PATRIOT NATIONAL BANCORP INC - DEAL FOR TOTAL CASH CONSIDERATION IS APPROXIMATELY $83 MILLION WITH ASSUMPTION OF APPROXIMATELY $41 MILLION OF LIABILITIES

* PATRIOT NATIONAL BANCORP INC - TRANSACTION INCLUDES PURCHASE OF APPROXIMATELY $120 MILLION OF SBA 7(A) LOANS AND SERVICING RIGHTS Source text for Eikon: Further company coverage:

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