Paragon Bank in Memphis, TN

Paragon Bank was founded in January 2005 and received its bank charter that same month, later listing on the Nasdaq Bulletin Board in September 2005. The bank was established on three core values: Integrity, Dedication, and Knowledge. Over its 20-year history, Paragon has positioned itself as a community-focused financial institution that emphasizes relationship banking and local market expertise.

Paragon offers a comprehensive range of banking services including personal banking, business banking, and mortgage lending. Customers can access online and mobile banking platforms with features such as mobile check deposits, bill pay, instant transfers, account alerts, and statements. The bank provides traditional banking products and services designed to serve both individual consumers and business clients, with the ability to make mortgage payments through their online system.

Paragon distinguishes itself through its community bank model, emphasizing that decisions are made locally and quickly rather than through distant corporate hierarchies. The bank offers custom financial solutions tailored to individual needs and actively invests in community engagement through its ACTS Community Engagement program, which provides each team member 40 paid volunteer hours annually focused on education, hunger, and shelter/housing initiatives. The bank's "My Paragon" program features customer success stories designed to build trust through real customer experiences rather than scripted marketing.

Paragon Bank operates as a traditional community bank with full-service offerings. While the website demonstrates commitment to technology and community values, specific details about product rates, fees, account minimums, and competitive advantages compared to other banks are not disclosed on the available web pages. For consumers seeking a community banking relationship with local decision-making, Paragon appears positioned as an alternative to larger national banks, though pricing and detailed product comparisons would require direct contact.