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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.

Convenience

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 Bank is displaying artwork from Concord Academy students in its Saddle Creek Banking Center (7600 Poplar Avenue) throughout the month of December. Concord Academy provides students with learning disabilities a unique community for growth in all aspects of development.

Dear Fellow Shareholder:

The third quarter was Paragon’s third consecutive quarter of record-breaking profitability.  Net income increased 10.6% to $599 thousand for the third quarter compared to $542 thousand during the second quarter of this year.  Net income for the third quarter was significantly higher than the third quarter of 2015 when we were starting the Small Business Capital Group.  Year-to-date net income through September 30, 2016, is $1.6 million compared to a loss of $178 thousand through the first nine months of 2015. 

Paragon Bank has appointed Lea Carr as Assistant Vice President, Private Banking, John Christy as Vice President, Commercial Lending and Nancy Walls as Assistant Vice President and Community Development Officer. Carr reports to Wayne Littleton, Senior Vice President and Manager, Private Banking; Christy reports to Gordin McMurty, Senior Vice President, Commercial Lending; and Walls reports to Robert Shaw, Chief Executive Officer.

Paragon Bank is displaying art created by first graders at the Evangelical Christian School Forest Hill campus. The artwork is being shown at Paragon’s Saddle Creek Banking Center (7600 Poplar Avenue) throughout the month of November. 

Paragon Bank today announced the promotions of Chondrea Black to First Vice President, Deborah Howell to Senior Bank Accountant and Vice President, and Kathleen Lewis to First Vice President. Black reports to Marshall Talley, Executive Vice President, Howell reports to Tracey Thesmar, Controller and First Vice President, and Lewis reports to Carol McConkey, Senior Vice President of Consumer Banking.

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