Paragon News

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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Director's Corner: Mary McDaniel

Published on June 29, 2015

As a business owner, retired FedEx executive, and passionate philanthropist, Mary McDaniel brings unique qualities and skills to the Paragon Board of Directors. Whether she is leading a team of employees that span the globe or investing in the Memphis community, Mary McDaniel seeks to make things happen and effect change wherever she may be.

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Board of Directors

Customer Spotlight: Ghost River Brewing

Published on June 29, 2015

Ghost River Brewing is Memphis to its core starting with the very basic and essential of beer ingredients – water. The superior Memphis water was essential to owner Jerry Feinstone and his partners when they started the process of forming Ghost River Brewing in 2007.  “Memphis water is like starting with a blank canvas,” Jerry says. “When we brew a beer, there’s nothing we have to take out of the water. Memphis is a unique beer brewing location because the water supply is very pure and clean.”

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Customer Spotlight

Paragon Announces Staff Changes Within Small Business Capital Group

Published on April 06, 2015

Paragon Small Business Capital Group, a division of Paragon Bank (OTCBB: PGNN.OB), has hired Carolyn Taylor as a Small Business Administration (SBA) Loan Closing Associate, and promoted Sylvia Bordeaux and Daniel Vo to Vice President. Taylor will report to Daniel Vo, Vice President, while Bordeaux and Vo will report to Kerri Morrin, Chief Operating Officer.

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Small Business Capital Group  Promotion

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