Raising Expectations

Paragon Bank prides itself on offering superior service based on a combination of banking expertise and local knowledge. At Paragon, we believe that local banking is better banking.

At a time when most banks are mere outposts for a huge corporation hundreds of miles away, Paragon is locally owned, locally operated and locally focused. Paragon’s handpicked team of seasoned banking professionals is raising expectations in the Memphis banking market.

Welcome to Paragon, where local banking from locals is more than just a catchy phrase. It's a commitment.


At Paragon, customers bank when and where they want.  In addition to Paragon's growing number of full-service locations, there are approximately 170 surcharge-free ATM locations in the Memphis area.  Paragon's ATM network gives customers access to cash all over the world.

Services also include free internet banking, mobile banking, and 24-hour telephone banking (Paragon Direct, 901.333.0260).

Small business customers have several cash management tools available to make their banking more convenient including remote deposit capture (ParaTeller), lockbox, internet banking, and a courier service to pick up deposits.

Products & Services

Paragon offers a wide range of financial options to fit each customer's individual needs. This consists of an assortment of deposit products including checking accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, and IRAs. 

Paragon also offers a wide range of loans to fit each customer's needs. Business loan products include working capital lines of credit, SBA loans, asset-based loans, floor plan loans, construction and development loans, equipment financing, real estate loans, and letters of credit. Paragon also offers a large variety of consumer loans including mortgage loans and home equity loans.  

Paragon News

Paragon Financial Solutions, Inc. hosted its annual shareholders’ meeting at the Paragon Bank Fountain Place Banking Center on June 17. During the meeting, CEO Robert Shaw, President and COO Mike Edwards and CFO Lewis Perkins presented the bank’s 2013 achievements and other financials, as well as the strategic priorities for the coming year.

Paragon Bank has appointed Wes Minton as Mortgage Loan Consultant. Minton will report to Carol McConkey, Senior Vice President of Consumer Banking, and will primarily work in Paragon’s Saddle Creek and Grove Park banking centers.

Paragon Bank made its final visit of the school year to Ms. Kimberly Martin’s first grade classroom at Hawkins Mill Elementary School on May 21. The visit marked the conclusion of the eighth straight year that Paragon has sponsored Martin’s classroom.

Paragon Bank announced that its Saddle Creek banking center (7600 Poplar Avenue) is showcasing art from 15 Westminster Academy students during the month of May. The Westminster installation is the eighth student exhibit Paragon has hosted during the 2013-2014 school year.

Paragon Bank has dissolved its national charter and converted to a state charter effective May 1, 2014. The shift to a state charter will have no effect on customers of the bank or day-to-day operations. Additionally, Paragon has formed a holding company entitled Paragon Financial Solutions, which now owns the bank and is regulated by the Federal Reserve. This holding company has one initial investment, Paragon Bank, and the same board members as Paragon Bank.

P.O. Box 2022  |  Memphis, TN  38101-2022 |  Phone: 901.273.2900  |  Fax: 901.273.2908  |  info@bankparagon.com
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