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Paragon’s First Vice President, Dorothy Cleaves, Appointed to THDA Board

Memphis, TN - August 10, 2012

Paragon National Bank announced that Governor Bill Haslam has appointed Dorothy Cleaves to the Tennessee Housing Development Agency (THDA) board of directors, a 19-member board representing aspects of the housing industry and general public. Cleaves, Paragon’s First Vice President and Private Banking Relationship Manager, will fulfill THDA’s West Tennessee at-large position.

“We’re extremely proud of Dorothy’s appointment,” said Robert Shaw, Chief Executive Officer of Paragon. “She has consistently served as a resource for our team and I have no doubt that her knowledge will prove very valuable to the Tennessee Housing Development Agency.” 
  
As Paragon’s First Vice President and Private Banking Relationship Manager, Cleaves is responsible for developing and managing depository and lending relationships for individuals, professionals, executives and small businesses. She has more than 25 years of financial industry experience including positions at the U.S. Department of Housing and Urban Development and a national financial institution. Cleaves earned her bachelor’s of science degree from Tennessee State University and graduated from the Mid South School of Banking, now known as the Barrett School of Banking. 
  
Actively involved in the community, Cleaves has supported many community organizations including Leadership Memphis, the Memphis Urban League, Partners for the Homeless and United Way. In addition to the THDA board of directors, she currently serves on the boards of Agricenter International, the Hooks Dimmick Child Care Group and is an advisory board member for the Hooks Institute. 
 
“We are grateful to have Dorothy on the board,” said Brian Bills, THDA board chairman. “Her knowledge of banking and West Tennessee will be a great addition to the THDA Board.” 
 
About Tennessee Housing Development Agency (THDA)
THDA is a political subdivision of the State of Tennessee, established in 1973.  THDA is the State’s housing finance agency, responsible for selling tax exempt mortgage revenue bonds to offer affordable mortgage funds to homebuyers of low and moderate incomes through local lenders, and to administer various housing programs targeted to households of very low-, low- and moderate-incomes. More information about THDA is available online at www.thda.org.

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