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Paragon News





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








Paragon Showcases Farmington Elementary Student Artwork

Published on January 08, 2014

Paragon National Bank is currently displaying artwork by students at Farmington Elementary School in its Saddle Creek banking center (7600 Poplar Avenue) throughout January. Located in Germantown, Farmington Elementary School serves students in kindergarten through fifth grade and is the bank’s fourth student art installation during the 2013-2014 school year.

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Saddle Creek  Art


Paragon Reports Most Profitable Quarter in Bank History

Published on December 20, 2013

Paragon National Bank has reported that the third quarter of 2013 was the most profitable quarter in the bank’s nearly eight-year history and marked its eleventh consecutive quarter of profitability. This sustained success was a direct result of the bank’s improved asset quality, growth in the balance sheet, improved net margin and a reduction in expenses.

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Paragon Showcases Evangelical Christian School Student Artwork

Published on November 04, 2013

Paragon National Bank is currently displaying several art pieces from students at the Evangelical Christian School (ECS) Forest Hill campus. The artwork will be featured in Paragon’s Saddle Creek banking center (7600 Poplar Avenue) throughout the month of November. With locations in Germantown, Cordova and Memphis, ECS serves students in kindergarten through twelfth grade and is the third student art installation Paragon has hosted during the 2013-2014 school year.

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Saddle Creek  Art


Paragon Employees Deliver Homemade Blankets to Patients at Le Bonheur

Published on November 01, 2013

Paragon National Bank employees recently delivered 12 homemade blankets to patients staying at Le Bonheur Children’s Hospital.  Bank employees made the no-sew blankets during Employee Appreciation Week through Paragon’s Assisting the Community Through Service (ACTS) program. The ACTS program allows each employee a week of paid time off per year to support the local, regional and national nonprofit organizations of their choosing.

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Le Bonheur  ACTS (Assisting the Community Through Service)


Paragon Hosts Bodine Student Art in Support of Dyslexia Awareness Month

Published on October 03, 2013

Paragon National Bank will once again display artwork from Bodine School in its Saddle Creek banking center (7600 Poplar Avenue) during October. Bodine School, located in Germantown, provides an educational experience that focuses on teaching Mid-South children with dyslexia to read and succeed. This is the second consecutive year that Paragon has worked with Bodine to select and display student art in the bank during Dyslexia Awareness Month.

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Art  Saddle Creek


Paragon Kicks Off New School Year with Hawkins Mill Students

Published on September 30, 2013

Paragon National Bank celebrated the start of the 2013 – 2014 school year by visiting Ms. Kimberly Martin’s class at Hawkins Mill Elementary School to meet the first grade students. This is the eighth year in a row that Paragon has supported Martin’s classroom by making trips throughout the school year. During the visits, Paragon employees provide snacks, games and a craft activity for her students to enjoy.

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Hawkins Mill  ACTS (Assisting the Community Through Service)




Paragon Kicks Off School Year with Memphis Oral School for the Deaf Art Installation

Published on August 15, 2013

Paragon National Bank has begun the new school year by hosting artwork from Memphis Oral School for the Deaf in the lobby of its Saddle Creek banking center (7600 Poplar Avenue). Memphis Oral School for the Deaf, located in Germantown, provides 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








Robert Shaw Appointed Chairman of Woodland Presbyterian School Board of Directors

Published on July 29, 2013

Paragon National Bank announced that Robert Shaw has been elected Chairman of the Woodland Presbyterian School Board of Directors. Shaw, Chief Executive Officer of Paragon, will serve a one-year term and will be responsible for leading all of the school’s board meetings. Located in East Memphis, Woodland Presbyterian School serves students in pre-kindergarten to eighth grade.

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Board Appointment


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