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Banking with Paragon is like banking with a neighbor. You know us, and we know your business. You can trust us to make decisions quickly. Plus, your money stays in your community. And there’s no downside because you have access to the technologies and solutions you might only expect from big banks.

Our banking model is rare. We focus on friendliness, relationships, helping you grow your business, and making life better in the communities we serve. The seeds that would become Paragon Bank were planted in the early 2000s. After a flurry of bank acquisitions and mergers, home-grown, independent banks nearly vanished from the Memphis landscape. This concerned veteran banker Robert Shaw who believed that small and mid-size businesses deserved a local financial partner who really cared about their success.

Shaw hand-picked respected bankers, men and women who shared his vision, and together they founded Paragon in 2004. Their mission was and always has been to deliver friendly, personalized service and state-of-the-art solutions to help businesses grow. They clearly succeeded because the bank’s neighborly, civic-minded style has attracted legions of loyal customers, resulting in now seven banking center locations in four states across the southeast and numerous awards for being the area’s best community bank and a best place to work.

Today, we’re still rooted in — and rooting for — the communities we serve.

January 2005

Paragon received its Charter

September 2005

Paragon stock approved for listing on the Nasdaq Bulletin Board

October 2005

Paragon’s Headquarters Office and Fountain Place Banking Center opened

January 2007

Paragon’s Saddle Creek Banking Center opened


Paragon’s ACTS (Assisting the Community Through Service) was established. Since inception, Paragon team members have served over 13,000 hours, helping nearly 50 different non-profit organizations

January 2009

Paragon’s Grove Park Banking Center opened


Paragon formed its holding company: Paragon Financial Solutions

September 2014

Paragon opened its first office outside the Greater Memphis area, expanding into Atlanta, GA with its Small Business Capital Group

September 2016

Paragon opened its Oxford, MS Banking Center office


Paragon made over 1,200 Paycheck Protection loans of over $136 Million, positively impacting over 11,500 jobs

November 2021

Paragon expanded into Wilmington, NC by opening its first Banking Center office on the East Coast

November 2022

Paragon named the #4 “Best Bank to Work For” Nationwide by American Banker

February 2023

Paragon celebrates the Grand Opening of our Wilmington, NC Banking Center

October 2023

Paragon celebrates the ribbon cutting of our new Oxford, MS Banking Center

February 2024

Paragon celebrates the ribbon cutting of our new Atlanta, GA Banking Center in Buckhead