The Fund expects to follow an investment strategy that applies strong operational expertise with a dual focus on profit improvement and franchise growth. Patriot will seek investments in community banks and thrifts with assets between $500 million and $5 billion that exhibit attractive characteristics including:

• Management - Banks with strong experienced management and boards committed to value creation and a reasonable exit horizon. Management should also have a commitment to conservative lending practices and good risk controls.

• Demographics  - Banks located in markets with strong demographic profiles including growth in household incomes, small business formation and deposits.

• Valuation -  Companies with attractive entry points on a post money valuation should provide an opportunity to exit at significant premiums over the term of the fund

• Alignment - Companies with an association of key stakeholders – investors, management, board, customers, and community