Newsroom

Paragon Hosts Shareholders at Annual Meeting

07-08-09

Paragon National Bank held its fourth annual shareholders’ meeting May 12, 2009, at The Dixon Gallery and Gardens.

Shareholders, directors, and employees convened as President & CEO Robert Shaw presented Paragon’s recent progress, accomplishments, and financials. Official business brought before shareholders was the re-election of Napoleon L. Cassibry III, John T. Novarese, Jr., Robert J. Hussey III, Glenn W. Cofield, and Dee Anna Smith to the Board of Directors.

Shaw discussed Paragon’s accomplishments and challenges in 2008 and the first quarter of 2009.  He presented customer service survey results showing an overall increase in customer satisfaction from the previous survey in 2007.  He also noted several awards that the bank received, including securing a finalist position in The Commercial Appeal’s Memphis Most Awards, winning in their division in The Memphis Business Journal’s Best Places to Work Awards, and being honored with an ICBA (Independent Community Bankers of America) Excellence in Advertising Award.  He also noted the opening of the Grove Park Banking Center in January 2009 and enthusiastically stated the bank’s plans to “grow into” the banking centers that they’ve built.

“We continued to engage our customers and the community this year,” said Shaw.  “We co-hosted the third annual Small Business Seminar with The Society of Entrepreneurs, hosted several trust seminars with Chicago Title, and were involved, mostly by employee volunteerism, in over 90 community organizations.”

Shaw discussed the continuing problems facing the banking industry, as well as Paragon’s initiatives to overcome these issues, such as making no more residential construction loans and fewer residential real estate loans, improving loan portfolio performance, maintaining a conservative loan loss reserve, and continuing the current momentum of core deposit growth. 

If you enjoyed this article, would you mind sharing it?

Recent Posts

Congratulations to our 2024 Team Member of the 2nd Quarter – Holly Webster
09-10-24

Paragon Bank is pleased to announce that Holly Webster, Universal Banker in Oxford, MS, was selected by her peers as […]

Read Post

Congratulations to our 2024 Team Member of the 2nd Quarter – Mark Nance
08-29-24

Paragon Bank is pleased to announce that Mark Nance, First Vice President — Cash Management, was selected by his peers […]

Read Post

Paragon Solutions Spotlight: Vacation Security Tips
07-25-24

This is part of a series – Paragon Solutions Spotlight. Read previous posts here, here and here. These articles will discuss topics designed to […]

Read Post

Congratulations to our 2024 Team Member of the 1st Quarter – Helean Davis
05-06-24

Paragon Bank is pleased to announce that Helean Davis, Assistant Vice President — Banking Center Manager, was selected by her […]

Read Post