Paragon Bank today announced another strong quarter with near-record revenue, increasing $128,000 over the second quarter of 2017 to $4.7 million. For the Small Business Administration’s fiscal year ending September 30, 2017, Paragon was the largest SBA lender headquartered in the Memphis Metropolitan Statistical Area.
“We are proud of the continued progress made this year, especially in this last quarter,” said Robert Shaw, Chief Executive Officer at Paragon Bank. “The bank’s success is a direct result of our growing team’s efforts across a wide range of service offerings. We look forward to finishing the year strong in the fourth quarter.”
Other highlights from the third quarter include:
Paragon will also be launching its new website later this year. The redesigned site will have a modern design, improved navigation and new search functionality, including a robust newsroom with the latest Paragon news and practical financial information and resources.