Paragon News

Paragon Kicks Off New School Year with Memphis Oral School for the Deaf Artwork

Published on September 01, 2014

Paragon Bank has begun the 2014-2015 school year by displaying artwork from Memphis Oral School for the Deaf students in the lobby of its Saddle Creek banking center (7600 Poplar Avenue). Located in Germantown, Memphis Oral School for the Deaf offers education to hearing-impaired children to equip them with a solid education foundation and an equal opportunity to succeed.

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Saddle Creek  Art

Paragon Employees Visit Patients at Le Bonheur Children's Hospital

Published on August 18, 2014

Paragon Bank employees visited Le Bonheur Children’s Hospital in August to deliver 10 no-sew blankets to patients staying at the facility. The no-sew blankets were made during the bank’s Employee Appreciation Week, with employees taking advantage of the Assisting the Community Through Service (ACTS) program, which grants each staff member a week of paid time off per year to support nonprofit organizations of their choosing.

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ACTS (Assisting the Community Through Service)  Le Bonheur

Paragon Converts to State Charter Effective May 1, 2014

Published on May 01, 2014

Paragon Bank has dissolved its national charter and converted to a state charter effective May 1, 2014. The shift to a state charter will have no effect on customers of the bank or day-to-day operations. Additionally, Paragon has formed a holding company entitled Paragon Financial Solutions, which now owns the bank and is regulated by the Federal Reserve. This holding company has one initial investment, Paragon Bank, and the same board members as Paragon Bank.

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State Charter

Paragon Not Susceptible to "Heartbleed" Vulnerability

Published on April 11, 2014

It has recently come to light that an online security vulnerability known as “Heartbleed” could have exposed the personal information and passwords associated with many major websites. We have tested our systems, and the usernames and passwords used at our websites were NOT affected by “Heartbleed" in any way.

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Director's Corner: J. T. Novarese

Published on April 09, 2014

When asking J.T. Novarese what he does, one might expect him to answer with one of the many items from his diverse and impressive resume as an executive, an entrepreneur, and a venture-capital investor.  Instead, J.T. responds, “Out of all the things I’ve been involved with, when people ask me what I do, I say “I’m a dad. Being a dad is the coolest job I’ve ever had. It’s what I’d liked to be defined as.” From the start of his professional career to his present endeavors, it is evident that J.T.’s focus on family and the important things in life continue to be his driving force.

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The Shield  March 2014

Paragon Showcases St. Louis Student Artwork in Saddle Creek Banking Center

Published on April 03, 2014

Paragon National Bank is currently showcasing artwork by students from St. Louis Catholic School for the public to preview at its Saddle Creek location (7600 Poplar Avenue) until April 30. The bank worked with the school’s art teacher, Robin Durden, to select and display artwork by 11 third grade students and ten junior high students. St. Louis is the seventh local school art exhibit that Paragon has hosted during the 2013-2014 school year.

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Saddle Creek  Art

Paragon Applying for State Charter; Establishing Holding Company

Published on February 24, 2014

Paragon National Bank today filed an application for admittance and business plan with the Tennessee Department of Financial Institutions (TDFI). In addition to this filing, Paragon has mailed proxy materials to its shareholders to vote on the issue during a special meeting on April 16. If approved by TDFI, the Federal Reserve and Paragon shareholders, the Bank will dissolve its national charter and convert to the state charter on April 30. The change to the state charter will have no effect on customers of the bank or day-to-day bank operations.

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Letter to Our Shareholders

Published on February 18, 2014

We are pleased to report an increase of approximately 61% in pre-tax earnings for 2013, which demonstrates continued progress, especially in light of the challenging economic environment.  The fourth quarter of 2013 marked Paragon’s twelfth consecutive quarter of profitability and the end of the third full year of profitability.  

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Shareholder Letter

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