Patriot Bank Corp. Announces Results of Annual Shareholder Meeting and Introduces Dividend Reinvestment and Stock Purchase Plan.

Business Editors

POTTSTOWN, Pa.--(BUSINESS WIRE)--April 25, 2001

Patriot Bank Corp. (NASDAQ:PBIX), parent company of Patriot Bank, announced the results of their Annual Shareholder Meeting held yesterday, April 24, 2001.

Richard A. Elko, President & CEO, reported the Company's results for 2000 and for First Quarter, 2001 and noted the significant progress achieved during the First Quarter toward the previously announced two-year targets for 2001 and 2002. At the meeting, James B. Elliott (Chairman) and Larry V. Thren were each re-elected to the Board of Directors for a three-year term.

Shareholders also approved the ratification of the appointment of KPMG LLP as independent auditors of the Company for the year ending December 31, 2001.

Mr. Elko announced the introduction of the Patriot Bank Corp. Dividend Reinvestment and Stock Purchase Plan. Key points of the Plan are:

-- Quarterly dividend reinvestment/optional cash payment investments

-- Holders of record of minimum 100 shares eligible for enrollment

-- Optional quarterly cash payments - $100 minimum/$5,000 maximum

-- No fees for Plan purchases

-- Quarterly statements

"We have initiated this Plan in response to shareholder requests and believe that the Plan will provide an attractive benefit to our shareholders," said Elko.

Patriot is a $1.1 billion financial services company operating 19 banking and lending offices in southeastern Pennsylvania. The closing price of Patriot's common stock was $8.67 on April 25, 2001.

In addition to historical information, this information may contain "forward-looking statements" which are made in good faith by Patriot Bank Corp. ("Patriot"), pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements include statements with respect to Patriot's strategies, goals, beliefs, expectations, estimates, intentions, financial condition, results of operations, future performance and business of Patriot.

Statements preceded by, followed by or that include the words "may," "could," "should," "pro forma," "looking forward," "would," "believe," " expect," "anticipate," "estimate," " intend," "plan," or similar expressions generally indicate a forward-looking statement.

These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond Patriot's control). Numerous competitive, economic, regulatory, legal and technological factors, among others, could cause Patriot's financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements.

Patriot cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact that any future acquisition may have on Patriot and any such forward-looking statement. Patriot does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by or on behalf of Patriot.