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Board of Directors

Richard P. Buckanavage
President and Chief Executive Officer
Richard P. Buckanavage richardb@patcapfunding.com

Richard P. Buckanavage is our Chief Executive Officer and a member of our board of directors. Prior to founding Patriot, Mr. Buckanavage was Managing Director and head of debt sales at GE Capital Markets, Inc. ("GE") from 1999 to 2003 where he was responsible for all domestic debt syndication and private placement activities.

From 1995 to 1999, Mr. Buckanavage was a Senior Vice President and Midwest Region Manager for Creditanstalt Corporate Finance, Inc. ("CCFI"). During that time, he was also a Senior Investment Officer at Creditanstalt Small Business Investment Corporation ("CSBIC"), CCFI's private equity unit that originated and managed a portfolio of non-controlling equity investments. CCFI and CSBIC were a "one-stop" capital source focusing on making investments in middle market companies in conjunction with private equity sponsors.

In his capacities at CCFI and CSBIC, Mr. Buckanavage managed a portfolio of senior secured loans, subordinated debt and equity investments in excess of $1.2 billion. While at CSBIC, Mr. Buckanavage was also a member of the board of directors of several of CSBIC's portfolio companies. His professional experience also includes various business development and portfolio management roles in the leveraged finance groups at Bank of America and Fleet Bank and its predecessors.

Holdings: 312,360 shares     View Transactions
Date Type Shares Traded Price Range
03-03-09 Acquisition (Non Open Market) 175,000 1.27
11-21-08 Buy 1,000 1.90 - 1.99
11-14-08 Buy 2,312 2.50
11-13-08 Buy 12,500 2.30 - 2.40
08-15-08 Buy 5,000 7.40
08-14-08 Acquisition (Non Open Market) 51,500 7.37
05-14-07 Buy 500 14.50
05-11-07 Buy 500 14.35
06-20-06 Buy 250 10.85
06-16-06 Buy 2,000 10.90 - 11.00
12-02-05 Buy 1,000 11.08
08-12-05 Acquisition (Non Open Market) 48,302 n/a
07-27-05 Statement of Ownership 0 n/a
Timothy W. Hassler
Chief Investment Officer
Timothy W. Hassler thassler@patcapfunding.com

Timothy W. Hassler is our Chief Investment Officer and is a member of our board of directors. Prior to founding Patriot, Mr. Hassler was a director in the capital markets division of U.S. Bank and its predecessors from 1999 to 2002. During that time, he focused on originating, structuring and negotiating senior debt and junior capital investments for middle market leveraged transactions in the manufacturing, distribution, and food and agribusiness industries. From 1991 to 1999, Mr. Hassler worked in a middle market lending group of US Bank and its predecessors, where he was a relationship manager for a more than $200 million portfolio of middle market loans outstanding, with over $500 million of commitments. In this capacity, he was responsible for new business development, portfolio management and underwriting. Mr. Hassler began his career in the training program of US Bank and its predecessors in 1990.

Holdings: 226,244 shares     View Transactions
Date Type Shares Traded Price Range
03-03-09 Acquisition (Non Open Market) 125,000 1.27
08-27-08 Buy 500 7.29
08-14-08 Acquisition (Non Open Market) 38,500 7.37
11-15-07 Buy 1,000 11.15 - 11.16
06-20-06 Buy 1,500 10.88 - 10.89
12-02-05 Buy 1,000 11.18
08-12-05 Acquisition (Non Open Market) 48,302 n/a
07-27-05 Statement of Ownership 0 n/a
Mel P. Melsheimer
Chairman of the Board

Mel P. Melsheimer has been a member of our board of directors since June 2005. Since August 2006, he has served as our chairman of our board of directors. Since January 7, 2005, Mr. Melsheimer has been the president and a director of Linkhorn Capital Advisors, Inc., an entity which is the managing member of Masters Capital Nanotechnology, LLC, a venture capital general partner. From February 1997 to December 2004, Mr. Melsheimer served as the president, chief operating officer and chief financial officer of Harris & Harris Group, Inc., a publicly traded business development company. During his tenure at Harris & Harris Group, Mr. Melsheimer also served as the chief compliance officer, the treasurer and a managing director. From March 1994 to February 1997, he served as a consultant to Harris & Harris Group or as an officer and a director to one of its portfolio companies. From November 1992 to February 1994, he served as executive vice president, chief operating officer and secretary of Dairy Holdings, Inc., a privately-held dairy company.

Committee Chair Chair of the Audit Committee
Member Member of the Nominating & Corporate Governance Committee
Member Member of the Valuation Committee
Holdings: 16,000 shares     View Transactions
Date Type Shares Traded Price Range
08-14-08 Buy 5,000 7.28
11-27-07 Buy 1,000 10.99
11-14-07 Buy 1,000 11.86
08-15-07 Buy 1,000 12.42
03-14-07 Buy 500 13.25
03-13-07 Buy 1,500 13.37 - 13.47
08-23-06 Buy 1,000 12.34
06-16-06 Buy 2,000 10.90 - 10.91
11-23-05 Buy 600 11.61
11-22-05 Buy 400 11.15
11-21-05 Buy 1,000 11.15
08-01-05 Buy 1,000 14.08
07-27-05 Statement of Ownership 0 n/a
Steven Drogin
Independent Director

Steven Drogin has been a member of our board of directors since June 2005. He retired from KPMG LLP in 2003 where he worked for 38 years and served as an audit partner since 1976. From 1992 until he retired, Mr. Drogin was a member of KPMG's Financial Services Practice. Mr. Drogin is a Certified Public Accountant ("CPA") and a member of the American Institute of Certified Public Accountants and the New York State Society of CPAs ("NYSSCPA"). He has served on several of NYSSCPA's committees. From 1990 to 1992, he was the Chairman of the NYSSCPA's Leasing and Financial Services Companies Committee.

Member Member of the Audit Committee
Member Member of the Compensation Committee
Committee Chair Chair of the Nominating & Corporate Governance Committee
Holdings: 10,578 shares     View Transactions
Date Type Shares Traded Price Range
11-19-08 Buy 4,000 2.40
11-12-08 Buy 4,000 2.61
03-09-07 Buy 1,000 13.96
07-28-05 Buy 1,000 14.17
07-27-05 Statement of Ownership 0 n/a
Richard A. Sebastiao
Independent Director

Richard A. Sebastiao has been a member of our board of directors since June 2005. He is the founder of RAS Management Advisors, Inc. and its predecessors ("RAS Management"), a crisis management and turnaround firm. Since December 1989, he has served as the president of RAS Management. As president of RAS Management, Mr. Sebastiao has also served, on an interim basis, as the chief restructuring officer and/or chief executive officer and a director of several entities which retained RAS Management in connection with their restructurings. Since February 2003, Mr. Sebastiao has also served on the board of directors of ATC Associates, Inc., an environmental consulting firm. Since December 2005, he has served on the board of directors of CDI Holding Corp., a holding company for a regional chain of drug stores and convenience stores. Mr. Sebastiao is a member of the Turnaround Management Association and the American Bankruptcy Institute.

Member Member of the Audit Committee
Member Member of the Compensation Committee
Committee Chair Chair of the Valuation Committee
Holdings: 17,490 shares     View Transactions
Date Type Shares Traded Price Range
11-12-08 Buy 8,000 2.53
08-14-08 Buy 1,365 7.32
12-13-07 Buy 1,000 10.72
11-14-07 Buy 815 11.86
08-13-07 Buy 735 13.23
03-09-07 Buy 725 13.81
11-22-06 Buy 1,000 13.90
08-16-06 Buy 850 12.24
06-20-06 Buy 1,200 10.89
11-21-05 Buy 1,800 11.15
07-27-05 Statement of Ownership 0 n/a
Dennis C. O'Dowd
Independent Director

Dennis C. O'Dowd has been a member of our board of directors since June 2005. He has been a financial and business consultant since 1980 and maintains an active portfolio in timber and real estate. From 1983 to 2000, Mr. O'Dowd also served in various capacities, including chief executive officer, of the U.S. branch and related financial and investment companies of Creditanstalt Bankverein, an Austrian-based financial institution, which later merged with Bank Austria. Prior to joining Creditanstalt Bankverein, Mr. O'Dowd worked at Nederlandsche Middenstandsbank from 1979 to 1983, Fidelity Bank from 1977 to 1979 and began his banking career at Chemical Bank in 1970.

Committee Chair Chair of the Compensation Committee
Member Member of the Nominating & Corporate Governance Committee
Member Member of the Valuation Committee
Holdings: 4,000 shares     View Transactions
Date Type Shares Traded Price Range
09-08-08 Buy 2,000 7.51 - 7.58
08-22-06 Buy 1,000 12.25 - 12.33
07-29-05 Buy 1,000 14.05 - 14.08
07-27-05 Statement of Ownership 0 n/a
 
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