Paragon Bank Honored for Healthy Work Environment

Paragon Bank was recently awarded the 2014 Psychologically Healthy Workplace Award for the State of Tennessee. The Tennessee Psychological Association (TPA) presents the award annually to recognize innovative companies that implement programs to foster employee health and wellbeing.

“This recognition is incredibly meaningful for our company because of the effort we put forth to create a positive workplace environment,” said Robert Shaw, Chief Executive Officer at Paragon Bank.

Paragon Bank was nominated by Dr. Robert Bloom, Ph.D, President-elect of the Tennessee Psychological Association and chair of the Psychologically Healthy Workplace Committee. The selection committee recognized the Psychologically Healthy Workplace initiatives implemented at Paragon and how they complement the vision for the bank.

Areas evaluated for the competition include the following:

·       Employee involvement

·       Health and safety

·       Employee growth and development

·       Work-life balance

·       Employee recognition

“Creating a healthy, high-performing organization requires more than offering wellness activities or desirable benefits,” said Dr. David Ballard, Ph.D, Assistant Executive Director of Organizational Excellence of the American Psychological Association. “Done well, psychologically healthy workplace principles are ingrained into the very norms, values and beliefs that are part of an organization’s culture.”  

Paragon Nominated for Spirit of Giving Award

Volunteer Mid-South hosted the Spirit of Giving Awards at Hilton Memphis on April 29 to recognize exemplary volunteerism in companies and individuals in the Memphis area.

Paragon was nominated by the Memphis area Make a Wish Foundation in the large volunteer group category, not only for our work with Make-a-Wish, but also for our other involvement in the community. Our employees are encouraged to volunteer with charitable organizations through our ACTS (Assisting the Community Through Service) program. With ACTS, each employee receives 40 paid hours each year to volunteer with any approved community organization.

Paragon Named “Best Place to Work” for Second Consecutive Year

Paragon National Bank today announced that it was named a winner in the medium-sized company category in the Memphis Business Journal’s 2007 Best Places to Work competition.

This is the second consecutive year that the bank has won this prestigious competition, and the third year it has made finalist status.  Paragon competed in the category with four other mid-sized companies and winners were announced at a luncheon on October 19 at the University of Memphis Holiday Inn.

“We’ve worked hard to develop and maintain a culture in which our employees are recognized as our greatest asset,” said Robert Shaw, president of Paragon National Bank.  “This honor is testament to the importance of our employees to the success of the bank.”

The Memphis Business Journal’s 2007 Best Places to Work competition has a category each for small, medium and large companies.  To compete in the medium-sized category, entrants must have 51 to 150 employees.  To determine finalists, the company’s employees must complete an anonymous survey to rank various factors, such as company loyalty and faith in leadership.  More than 120 companies from around the area entered, with 14 finalists chosen.

Paragon was launched in 2005 with $23.2 million in capital, a record for de novo banks in the Memphis, Shelby County area.  Since its inception, Paragon has experienced rapid growth.  Current assets exceed $270 million.

Paragon Advertising Campaign Finalist in Prestigious Industry Awards Program

Paragon National Bank today announced that its advertising campaign has been named a finalist in the American Banker’s Association Financial Marketing Awards.

The campaign, which included print and radio ads, is a finalist in the “Customer Acquisition Marketing/Under 500M” category, with winners to be announced on September 17 in Baltimore at the organization’s annual conference.

Last year, Paragon won first place in the ABA’s “Customer Acquisition Marketing” category among banks with assets under $500 million. The launch advertising campaign, created by Memphis advertising agency inferno, incorporated elements of humor to reinforce the advantages of banking with a local firm. The current campaign continues to use humor to highlight the variety of local banking programs and services Paragon offers to its customers.

The Financial Marketing Awards recognize marketing innovation and creative excellence in the financial services industry. Financial institutions — banks, savings and loans, credit unions, insurance companies, brokerage firms, investment firms, credit card companies — and their advertising agencies submit entries, which are judged on creativity and excellence in execution.

Paragon was launched in 2005 with $23.2 million in capital, a record for de novo banks in the Memphis, Shelby County area. Since its inception, Paragon has experienced rapid growth. Current assets exceed $270 million.

Paragon National Bank Wins Pyramid Award

Paragon National Bank was honored as the “Advertising Client of the Year” at the Pyramid Awards, sponsored by the Memphis Advertising Federation.

Paragon was nominated for this honor by its advertising agency, inferno, which itself took eight awards, more than any other agency.  The “Advertising Client of the Year” award goes to a client which displays “outstanding characteristics uncommon to the industry.”

The Pyramid Awards were held on June 8 at the River Terrace Yacht Club on Mud Island.  The awards are given out annually to recognize achievements and professionalism in the field of advertising. Many aspects of the advertising industry are celebrated, from creative and account management to production and education.

Paragon Wins Champion Award in 2006 Best Places to Work Competition

Paragon National Bank today announced that it is the Champion Award winner of the medium-sized company category in the Memphis Business Journal’s 2006 Best Places to Work competition. Paragon competed in the category with five other mid-sized companies. Winners were announced at a luncheon today in Memphis.

“It is an honor to be selected as one of the area’s best places to work,” said Robert Shaw, president of Paragon National Bank.  “While we pride our bank on superior customer service, winning this competition is even more rewarding knowing that Paragon employees think so highly of their work environment, company leadership and colleagues.”

The 2006 Best Places to Work competition has a category each for small, medium and large companies.  To compete in the medium-sized category, entrants must have 51 to 150 employees.  To determine finalists, the company’s employees must complete an anonymous survey to rank various factors, such as company loyalty and faith in leadership.  Over 80 companies from around the area entered, with 18 finalists chosen.

Paragon was launched in 2005 with $23.2 million in capital, a record for de novo banks in the Memphis, Shelby County area.  Since its inception, Paragon has experienced rapid growth.  It was the second fastest growing de novo in the U.S. formed during 2005.  Current assets exceed $210 million.

Earlier this year, Paragon closed its secondary offering to raise additional capital, with the offer being over-subscribed. Paragon completed the sale of 980,000 shares of its common stock at a price of $12.50 per share.  The shares sold will generate net proceeds of approximately $11.7 million in capital for Paragon.