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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 today announced that it followed the most profitable quarter in the bank’s more than 10-year history with another record-breaking three-month period. Net income increased more than 29 percent over the first quarter of this year to $541,942. Additionally, revenue has increased 42 percent through the first six months of 2016, compared to the first six months of 2015, while expenses have increased less than 3 percent. The Small Business Capital Group continues to pay substantial returns for Paragon, with revenue from the group increasing $1.4 million, or 281%, over the first six months of 2015.

Paragon Bank announced that it has hired Sean Eschelweck as Specialty Lending Associate. Eschelweck reports to Tee Shipmon, Senior Vice President of Specialty Lending at Paragon Bank.

Paragon Bank has appointed Deron Wisdom as Vice President of Commercial Lending. Wisdom reports to Gordin McMurty, Senior Vice President of Commercial Lending at Paragon Bank.

Paragon Bank is currently displaying artwork created by local teachers whose students’ work has been showcased in past exhibits. The art will be on display at the Paragon Bank Fountain Place Banking Center (5400 Poplar Ave) and open to the public until July 31.

Paragon Bank recently worked with Make-A-Wish Mid-South to grant 16-year-old Walker his wish of going to Hawaii. This is the 11th straight year Paragon has worked with Make-A-Wish Mid-South to grant the wish of a child or teen.

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