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

When Whit Greenway lost his job in 1989 because his workplace was sold, rather than viewing it as a setback, he jumped on the opportunity to take his expertise in the home services industry and his desire to provide quality service to start his own company. Little did he know that the misfortune of a lost job would result in the establishment of a home services company with growing locations in Memphis and Nashville. After selling his company in 2000 and retiring, he started it again in 2003 as Greenway Home Services. Whit has enjoyed more than 25 years of watching his companies grow from a one-man operation to a multi-city company with 125 employees and an average of more than 300 service calls per day. 

Paragon Bank has announced the formation of the Paragon Wealth Solutions division. The new division was created to assist customers with retirement and investment planning, as well as small business strategies. The group is comprised of six professionals with over 120 years of financial services and asset management experience.

Paragon Bank announced that it is accepting donations for the 7th Annual Mid-South Food Bank Student Food Drive at its four banking centers throughout November. In 2013, Paragon collected more than $14,500 in monetary donations and over 1,400 pounds of food, which equated to 44,463 meals donated to families in need through the Mid-South Food Bank.

Paragon Bank visited Ms. Kimberly Martin’s third grade class at Hawkins Mill Elementary School to celebrate Halloween with her students. For the past nine years, Paragon Bank has adopted Martin’s classroom at Hawkins Mill, which is located in Frayser and serves students in kindergarten through sixth grade.

Paragon Bank has promoted Haley Overcast to Marketing Manager. Overcast joined the bank in 2012 and most recently served as Marketing Coordinator. She will continue reporting to Robert Shaw, Chief Executive Officer at 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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