Corporate Governance
The board of directors of Patriot Bank have adopted corporate governance practices designed to promote the effective functioning of the boards, their committees, and the Company. The Company expects and requires that its directors, officers, and employees observe absolute integrity in the conduct of its business.

The Company's corporate governance practices exceed all regulatory requirements and highlights of our practices include the following:

All directors of the Company and the Bank other than the Chairman and the Chief Executive Officer are independent, as measured by the applicable standards and affirmatively determined by the boards. The new requirements demand only that a majority be independent.
• The Company and the Bank have a strict and detailed Code of Conduct and Ethics. All employees and directors are required to certify their compliance with the Code at the inception of their employment and each year thereafter.
• The Bank makes available a telephone based reporting system that assures the anonymity of the person making a report of an ethics or accounting irregularity. All personnel are encouraged to utilize the system in reporting concerns about questionable accounting or auditing matters, fraud, violations of the Code of Conduct and Ethics, or other violations of law.
• The Internal Audit Department of the Bank monitors our compliance with appropriate banking and accounting practices and reports directly to the independent Audit Committee of the Company board.