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 Bank is currently showcasing artwork from Woodland Presbyterian School students in its Saddle Creek Banking Center (7600 Poplar Avenue). The pieces will be on display until February 29, and all members of the community are welcome to stop by to view the artwork. 

Paragon Bank today announced its employees volunteered over 1,480 hours through its Assisting the Community Through Service (ACTS) program in 2015. This is a 147 percent increase from 2014.

Dear Fellow Shareholder:

2015 was a record-breaking year for Paragon Bank.  Some record-breaking highlights include:

·       Paragon had its highest quarterly revenue during the fourth quarter and the highest annual revenue for the year 2015.

·       Loan volumes at December 31, 2015, were the highest in Paragon’s eleven-year history.

·       The net interest margin for 2015 was the highest in Paragon’s history.  We believe we are well positioned for future increases in interest rates.

Paragon Bank has appointed Ronald Murphy as Vice President, Aircraft Lending. Murphy reports to Mike Edwards, President and Chief Operating Officer at Paragon Bank.

Paragon Bank is currently displaying artwork from Farmington Elementary School students in its Saddle Creek Banking Center (7600 Poplar Avenue). The exhibit will be on display until January 31, and the bank encourages members of the community to stop by and view the artwork.  

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