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Leadership

Michael Carrazza

Chairman

 

Michael Carrazza has been Chairman of the Board of Directors of the Company since 2010.

Mr. Carrazza has more than 25 years of operating and investing experience and is CEO of Solaia Capital Advisors, an investment management company. Mr. Carrazza is credited with architecting the rescue and turnaround of Patriot National Bancorp, Inc.; through PNBK Sponsor, Mr. Carrazza manages PNBK Holdings, the Company’s largest shareholder.

In 2012, Mr. Carrazza led the spin‐out of the Bank of Ireland’s U.S. Asset‐Based Lending Group, now known as Siena Lending Group, where he serves as its Chairman. In 2004, he co‐founded Bard Capital Group where he sponsored several LBOs in the industrial sector.

From 2001 until 2003, he was principal at The Glen Rock Group, a middle market investment firm, where he structured and financed the buyout of International Surface Preparation Group, Inc. from U.S. Filter/Vivendi. He subsequently worked in an operating capacity in the office of the Chairman, managing the company’s financings, restructure and subsequent sale. Mr. Carrazza led the financing and restructuring of Mitchell Madison Group and served on the firm’s Executive Team, where he assisted in the firm’s global expansion and managed its subsequent sale to US Web/CKS.

Mr. Carrazza began his career at Goldman, Sachs & Co. Mr. Carrazza earned his MBA in Finance from The Stern School of Business at New York University and his B.S. in Electrical Engineering from The Pennsylvania State University.


Robert G. Russell, Jr.

President & Chief Executive Officer

 

Mr. Russell was appointed as President and Chief Executive Officer of the Company and the Bank on July 7, 2020.

Prior to joining the Company and the Bank, Mr. Russell served as Executive Vice President and Chief Operating Officer of Millington Bank of Morris and Somerset Counties of New Jersey. Mr. Russell has more than 30 years of community banking experience. Previously, he served as President and Chief Executive Officer of NJM Bank, and before that, as its Chief Financial and Investment Officer. Mr. Russell has led both institutions to achieve significant growth and increases in profitability.

Mr. Russell has also spent part of his career within Audit and as a Controller for banking institutions of various asset sizes throughout the state of New Jersey. Mr. Russell is a graduate of Montclair State University having earned his Bachelor of Science in accounting and the Graduate School of Banking at Colorado.


 

Joseph Perillo

Executive Vice President and Chief Financial Officer

 

Joseph Perillo is Executive Vice President and Chief Financial Officer of Patriot National Bancorp, Inc. and Patriot Bank, N.A. He served as a senior executive consultant for several months beginning in January 2017, tasked with assessing the finance department’s processes and improving operations and internal controls.

Mr. Perillo is a recognized finance industry leader with over two decades of experience in the banking industry, having served as Chief Accounting Officer and Chief Financial Officer for iQor Inc., a $1.5 billion global leader in business process outsourcing. He began in public accounting with KPMG and then spent over 20 years in banking with Citibank, NatWest and as Senior Vice President & Controller for GreenPoint Financial, then one of the 50 largest banking companies in the U.S.

Mr. Perillo earned his Bachelor of Science in accounting from St. John’s University and is a Certified Public Accountant. A Nassau County, NY resident, he is a father of four, co-owner of a commercial locksmith business, a member of numerous Chambers of Commerce on Long Island, and is the Island Serve Coordinator for Beacon Church Long Island.


 

Fred Staudmyer

Executive Vice President and Chief Administrative Officer

 

Frederick Staudmyer is the Executive Vice President and Chief Administrative Officer of Patriot Bank, N.A., overseeing human resources, retail and deposit operations, corporate governance,  the customer support center, property development and facilities management. He is also Corporate Secretary of the board and has served as Patriot’s Chief Human Resources Officer since November 2014.

Mr. Staudmyer previously served as Assistant Dean at Cornell University’s Johnson Graduate School of Management. Bringing more than 30 years of human resources, general management and corporate leadership experience, he has served at leading financial institutions where he directed talent acquisition and development, including this role at Chase Manhattan Bank, now JPMorgan Chase. He also served as President and COO at a national legal services and staffing company for over seven years.

Mr. Staudmyer earned his MBA from the Johnson Graduate School of Management at Cornell and his Bachelor of Science at Cornell’s School of Industrial & Labor Relations. He has served on the board of directors at the MBA Career Services Council and as an Advisory Council Member of Cornell University’s Entrepreneurial and Personal Enterprise Program.


 

David Christiansen

Executive Vice President and Chief Credit Officer

 

David Christiansen became Executive Vice President and Chief Credit Officer of Patriot Bank in June 2018, overseeing the Bank’s loan portfolio, lending activities and compliance as well as ensuring operating policies, procedures, objectives and goals.

He joins Patriot Bank from First American International Bank of New York, where he was also Executive Vice President & Chief Credit Officer. His experience in credit administration, credit risk management, underwriting, closing, loan servicing and portfolio management provides a useful foundation for his role at Patriot Bank. He previously held senior roles at National Cooperative Bank, Credit Agricole and JPMorgan Chase.

As a strategic senior credit risk management officer with extensive commercial banking, capital markets, corporate finance, regulatory & compliance, and business development experience, he has led a strong credit culture while providing excellent customer service for industry-leading multinational companies. Key strengths include: strategic leadership, global perspective, and consultative credit risk management leadership, yielding a broad and deep understanding of the business, management, financial, and competitive risks faced by clients.

Mr. Christiansen holds a Bachelor of Arts Degree in Economics from the University of Virginia.


 

Judith Corprew

Executive Vice President – Chief Compliance, Risk & CRA Officer

 

Judith Corprew is Executive Vice President and Chief Compliance & Risk Officer of Patriot Bank, N.A., ensuring compliance with local, state and federal regulations, and risk management. Additionally, as CRA Officer, Judith governs and administers the Community Reinvestment Act Plan by establishing and maintaining relationships with community-based organizations.

She joined the Patriot team in 2015, and today serves as Chair of the Bank’s Compliance & Enterprise Risk Committee, as well as a member of its Audit, Steering and CRA Committees. She holds a Certified Regulator Compliance Manager certification, a highly regarded recognition by the American Bankers Association.

With three decades of credit and risk management experience, she has held leadership positions at community-focused financial institutions and mortgage companies throughout the Tri-State area. Early in her banking career, Ms. Corprew was awarded honors for establishing a profitable mortgage center.

A staunch advocate for teaching financial literacy skills, Ms. Corprew has led educational seminars and events at local schools, colleges, clubs and community organizations. Judith contributes to financial articles specific to credit cards, retirement planning and savings. She has also held workshops on first-time home buying, credit and budgeting. She is a member of the United Way and Stamford Financial Stability Collaborative and has served as a financial coach for United Way.

Ms. Corprew earned her bachelor’s degree from Rutgers University and a master’s degree in finance from Post University in Waterbury, CT. A Norwalk resident, she is a member of the Bank Compliance Association of Connecticut, Institute of Certified Bankers and Regulatory Compliance Group of Fairfield County. She is also a board member of The Helpers Club Scholarship Foundation of Stamford.


 

Stuart Schulman

Senior Managing Director and Head of Commercial Lending

 

Mr. Schulman is an experienced and highly accomplished commercial bank originator with proven results in new transaction sourcing for leverage loans, both cash flow and asset based. He is skilled in building long-term relationships with chief financial officers, investment banks, and identifying loan opportunities, evaluating, and assisting in obtaining credit approval. He has been successful in cross-selling banking products to customers. With an outstanding track record of business development, he consistently exceeds financial budgets and maintains an excellent quality loan portfolio.

From 2011 to January 2017, Mr. Schulman was Managing Director and Relationship Manager of Capital One, N.A., based in Stamford, CT, responsible for marketing to companies with revenues from $250 million to $5 billion. He built the largest loan portfolio in Capital One Business Credit, which was merged into the bank in September 2015, and developed several large asset-based lending underwriting opportunities that led to significant fee income for the bank.

From 2009 to 2011, Mr. Schulman was Deputy Chief Executive Officer of SL Financial Services, based in Westport, CT, which is an equipment finance subsidiary of Landesbank Baden-Württemberg, the third largest Bank in Germany. At SL Financial Services, he oversaw key U.S. national accounts and supported key manufacturing vendor relationships. Prior to 2009, he also worked in other financial institutions, focused on loan portfolios, financial products and marketing. Mr. Schulman received an M.B.A. in Finance (Honors) from Adelphi University, and a B.A. degree in History (Cum Laude) from Adelphi University.

 


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