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Paragon Bank Earns No. 3 Ranking in 2025 Best Banks to Work For

11-19-25

Paragon Bank has been named one of the 2025 Best Banks to Work For. American Banker has partnered with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees.

On the 2025 list, Paragon Bank was ranked No. 3 in the United States. The survey and awards program is designed to identify and honor banks with the best cultures for helping employees thrive.

“Being ranked as the third best bank in the nation is an incredible honor and testament to the hard work, dedication, and innovation of our entire team at Paragon Bank. This accolade reflects our unwavering commitment to providing exceptional service and building strong relationships with our clients and community,” said Robert Shaw, President and CEO. “We are deeply grateful to our employees, partners, and customers for their trust and support, which have been instrumental in achieving this milestone. Together, we will continue to strive for excellence and redefine what it means to serve in the banking industry.”

This year 90 banks earned a spot in the ranking of Best Banks to Work For, based on an anonymous employee survey and a thorough review of the benefits and perks offered. The full list of the 2025 Best Banks to Work For  is featured at www.americanbanker.com .

“The banks recognized as Best Banks to Work For are institutions employees want to join and stay,” said Chana Schoenberger, editor-in-chief of American Banker. “They understand how to give workers reasons to find purpose in their jobs.”

Determining the Best Banks to Work For involved a two-step process. The first consisted of evaluating each participating bank’s workplace policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the final ranking.

To be considered for participation, banks had to have at least 50 employees working in the U.S. and been in business for a minimum of one year. Best Companies Group managed the registration and survey process and also analyzed the data to determine the final ranking. 

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