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Raising Expectations

Paragon Bank prides itself on offering superior service based on a combination of banking expertise and local knowledge. At Paragon, we believe that local banking is better banking.

At a time when most banks are mere outposts for a huge corporation hundreds of miles away, Paragon is locally owned, locally operated and locally focused. Paragon’s handpicked team of seasoned banking professionals is raising expectations in the Memphis banking market.

Welcome to Paragon, where local banking from locals is more than just a catchy phrase. It's a commitment.

Convenience

At Paragon, customers bank when and where they want.  In addition to Paragon's growing number of full-service locations, there are approximately 170 surcharge-free ATM locations in the Memphis area.  Paragon's ATM network gives customers access to cash all over the world.

Services also include free internet banking, mobile banking, and 24-hour telephone banking (Paragon Direct, 901.333.0260).

Small business customers have several cash management tools available to make their banking more convenient including remote deposit capture (ParaTeller), lockbox, internet banking, and a courier service to pick up deposits.

Products & Services

Paragon offers a wide range of financial options to fit each customer's individual needs. This consists of an assortment of deposit products including checking accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, and IRAs. 

Paragon also offers a wide range of loans to fit each customer's needs. Business loan products include working capital lines of credit, SBA loans, asset-based loans, floor plan loans, construction and development loans, equipment financing, real estate loans, and letters of credit. Paragon also offers a large variety of consumer loans including mortgage loans and home equity loans.  

Paragon News

Paragon Bank worked with Make-A-Wish Mid-South to grant three-year-old Layken her wish of going to Walt Disney World. This is the 13th straight year Paragon has worked with Make-A-Wish Mid-South to grant the wish of a local child or teen. The ceremony took place May 23. 

Paragon Bank today announced its 2017 first quarter financial earnings, reporting a net income of $657,513, an increase of 14.3 percent over the fourth quarter of 2016 and a 57 percent increase over the first quarter of 2016. These results come after the recent opening of the bank’s Oxford Loan Production Office, as well as record-breaking income and loan production volumes in 2016.

We are pleased with the start of a new year where net income for the first quarter of 2017 was $657,513, which was an increase of 14.3% over the fourth quarter of 2016 and an increase of 57% over the first quarter of 2016.   For the quarter, return on assets was .76% while return on equity was 7.41%. 

Paragon Bank is displaying artwork from St. Louis Catholic School students in its Saddle Creek Banking Center (7600 Poplar Avenue) throughout the month of April. St. Louis has been part of the Memphis community for more than 50 years, bringing academic excellence and faith-based teaching to pre-K through eighth grade students.

Paragon Bank has appointed Thom Holcomb as Infrastructure Administrator and Crews Wellford as Mortgage Consultant. Holcomb reports to Troy Wheetley, First Vice President of Information Technology, and Wellford reports to Carol McConkey, Senior Vice President of Consumer Banking.

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