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Paragon Taps Seasoned Talent for Board of Directors

Memphis, TN - January 22, 2013

Paragon National Bank has added Mary H. McDaniel, Lauren Boggs McHugh and Pete A. Stark to its board of directors. The three new members, who will each serve a term of three years, will work closely with the bank’s ten other board directors to ensure Paragon’s continued growth and positive momentum in the years to come. The bank ended 2012, which included a successful capital campaign, with the completion of its eighth straight quarter of profitability.

“I’m excited these three business and community leaders have joined our board,” said Robert Shaw, Chief Executive Officer of Paragon National Bank. “Mary, Lauren and Pete are dynamic professionals that offer a unique perspective and a diverse set of talents that will only strengthen our ability to enact decisions that best serve our shareholders, customers and community.”

Paragon’s board of directors was established in 2004 and in addition to McDaniel, McHugh and Stark, includes Napoleon L. Cassibry III; Glenn W. Cofield; Michael A. Edwards; James F. Freeman MD; Robert J. Hussey III; John T. Novarese, Jr.; Edwin S. Roberson; Christian J. Saenger; Shaw; and Craig L. Weiss.

McDaniel has extensive experience in resource management, as well as financial analysis and budgeting. In 2010, she retired as Vice President – Air Operations Material and Corporate Sourcing of FedEx Express, where she worked for nearly 35 years. In addition to her extensive experience in management and budgeting, McDaniel is an active community member and has served on many boards, including Leadership Memphis and The Women’s Foundation for a Greater Memphis. She is currently serving her first term as Chair of the Board of Tennessee Alcohol and Beverage Commission.

Since 2007, McHugh has served as President of Huey’s, a local restaurant chain started by her family that has eight locations around the Mid-South. After earning her bachelor’s degree in business from Memphis State University, McHugh worked for the National Bank of Commerce. While there, she went back to school to earn her master’s degree in management and was recruited by her father in 1993 to join Huey’s, where she spent the next several years learning the business. Currently, McHugh serves on the board of directors for Shelby Farms Park Conservancy and is a member of the Kiwanis Club of Memphis.

Since July, Stark has served as Chief Financial Officer for Physicians Pharmacy Alliance. Previously, he worked for Accredo Health Group, Inc. as the organization’s Chief Financial Officer from 2003 until 2012. Stark’s experience includes more than 20 years in finance and operations, including senior positions in financial planning and accounting for Accredo. He is a Certified Public Accountant and a Chartered Global Management Accountant.

Pete A. Stark, Lauren Boggs McHugh and Mary H. McDaniel

Pete A. Stark, Lauren Boggs McHugh and Mary H. McDaniel

Board of Directors

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