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Paragon News

Paragon Appoints Scheidt, Vaughn as New Board Members

Published on April 27, 2016

Paragon Bank announced today that Rudi Scheidt Jr., Chairman of Bridge Capital Asset Funding, and Anita S. Vaughn, former Chief Executive Officer/Administrator at Baptist Memorial Hospital for Women, have joined its Board of Directors.

“With Rudi’s expertise in banking and Anita’s experience in health care, our board continues to expand and is comprised of leaders in a wide range of industries,” said Robert Shaw, Chief Executive Officer at Paragon Bank. “We’re excited to welcome them to the team and look forward to the talent and energy they will bring to Paragon.”

Scheidt currently serves as Chairman of Bridge Capital Asset Funding, which provides alternative funding solutions for domestic and international investors. Previously, he has served as Chairman of Commissum Capital, President of National Bank of Commerce Capital Markets Group and Senior Managing Director for SunTrust Robinson Humphrey. Scheidt holds a Bachelor of Science in business and public administration from the University of Alabama. He also currently serves as a member of the Pitkin County Finance Committee and the Pitkin County Senior Services Committee in Aspen, Colorado.

Vaughn worked at Baptist Memorial Health Care Corporation from 1974 until her retirement earlier this month, where she served in a variety of positions, including, Director of Practice Management, Administrator of Managed Health & Wellness, Assistant Vice-President and CEO/Administrator of Baptist Memorial Hospital for Women. Additionally, Vaughn serves on the Women’s Foundation for a Greater Memphis Board, Baptist College of Health Sciences Governing Board, and the University of Memphis College of Arts and Sciences Alumni Advisory Board. She holds a bachelor’s degree in nursing from Baptist Memorial Hospital School of Nursing and a bachelor’s degree in sociology and master’s degree in public administration with a concentration in health services administration from the University of Memphis. 

The current board of directors include:

  • Napoleon L. Cassibry III – Vining Sparks IBG 
  • Glenn W. Cofield – Barnes Pettey Financial Advisors, LLC
  • Michael A. Edwards – Paragon Bank
  • James F. Freeman, MD – MECA
  • Mary H. McDaniel – Retired FedEx Executive
  • John T. Novarese Jr. – Addison Capital Advisors
  • Christian J. Saenger – Abson Health, LLC
  • Rudi Scheidt Jr. – General Partner of Commissum Capital Management, LLC
  • Robert S. Shaw Jr. – Paragon Bank
  • Pete A. Stark – Physicians Pharmacy Alliance, Inc.
  • Anita S. Vaughn – CEO/Administrator at Baptist Memorial Hospital for Women
  • Craig L. Weiss – Tower Ventures, Central Defense Security
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Paragon Employees Volunteer with Habitat for Humanity DeKalb County

Published on April 26, 2016

Paragon Bank’s Small Business Capital Group employee’s recently spent a day using some of their ACTS (Assisting the Community Through Service) time volunteering with Habitat for Humanity of DeKalb County. The team volunteered with the organization’s “A Brush of Kindness” program which focuses on repairs, yard work and maintenance for elderly or handicapped homeowners.

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Paragon Hosts Westminster Academy Student Art

Published on March 07, 2016

Paragon Bank is currently displaying artwork from Westminster Academy students in its Saddle Creek Banking Center (7600 Poplar Avenue). Paragon worked with Westminster Art Teacher Jocelyn Collins to coordinate the exhibit, which will be on display until March 31. 

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Paragon Announces Highest Quarterly, Annual Revenue in Record-Breaking 2015

Published on February 19, 2016

Paragon Bank today reported record breaking revenue numbers for both the final quarter of the year and overall annual revenue for 2015. These numbers were met with a 14.2 percent increase in gross loans, a 111.7 percent increase in noninterest income and a 55 percent decrease in nonperforming assets. Additionally, the Small Business Capital Group, based in Atlanta, closed $40.5 million in loans during its first full year in operation.

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2015 Fourth Quarter Shareholder Letter

Published on February 04, 2016

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.

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Paragon Expands Private Banking Team

Published on December 16, 2015

Paragon Bank has appointed Julia Sledge as Portfolio Manager for Private Banking. Sledge will report to Wayne Littleton, Senior Vice President and Manager of Private Banking.Paragon Bank has appointed Julia Sledge as Portfolio Manager for Private Banking. Sledge will report to Wayne Littleton, Senior Vice President and Manager of Private Banking.Paragon Bank has appointed Julia Sledge as Portfolio Manager for Private Banking. Sledge will report to Wayne Littleton, Senior Vice President and Manager of Private Banking.

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Paragon reports revenue record and highest total loans in third quarter

Published on November 12, 2015

Paragon Bank today reported a very successful third quarter of 2015, producing record revenues, the highest total loans in bank history and an improved net interest margin. This record-breaking period stems from a 57 percent drop in nonperforming assets, which are at their lowest levels since 2007, and the continued progress of the Small Business Capital Group (SBCG) based in Atlanta. Due to increases in Small Business Administration (SBA) income, mortgage income and solutions product income, core non-interest income for the first three quarters of 2015 increased 82.3 percent over the same period in 2014 to $910,000.

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2015 Third Quarter Shareholder Letter

Published on November 03, 2015

We are pleased to report a successful 3rd quarter of 2015.  During the quarter the team at Paragon produced a revenue record, the highest total loans in our history, an improved net interest margin, and a 57% drop in nonperforming assets.  Paragon returned to profitability, and with the continued progress of the Small Business Capital Group, we made significant strides toward our goal of sustained above-peer profitability.  Some of the highlights of the 3rd quarter include:  

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