Paragon Wins Best Places to Work for Third Consecutive Year

In a feat accomplished by no other company in Memphis, Paragon National Bank has been chosen as the Best Place to Work in our size division by the Memphis Business Journal for the third consecutive year.

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 Named Finalist in 2007 Best Places to Work Competition

Paragon National Bank (OTCBB: PGNN.OB) today announced that it is a finalist in the medium-sized company category in the Memphis Business Journal’s 2007 Best Places to Work competition.

Paragon is competing in the category with four other mid-sized companies, with winners will be announced October 19.

Last year, Paragon was named the Champion Award winner of the medium-sized company category in the 2006 Best Places to Work competition.  Paragon competed in the category with five other mid-sized companies.

The 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.  Over 120 companies from around the area entered, with 24 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 National Bank is one of the Memphis region’s newest full-service banks. Paragon provides small and mid-sized businesses, their owners, and executives with a complete package of banking solutions delivered online and through a variety of technologically advanced solutions. Organized at a time when large and distant banks had taken over familiar Memphis institutions, Paragon enjoys the distinction of local ownership, authentic community engagement, and a staff of experienced banking professionals.

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.