Patriot Bank Corp. in Pottstown, Pa., has sold the controlling interest in an Internet banking referral site on which it began working just three months ago.

A "few friendly investors" paid $5.4 million last week for 175,000 shares of common stock in the site,, said Joseph W. Major, chief executive officer of the banking company. He declined to identify the investors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.