No stored Google rating available.
Community bank founded in 2005 offering personal and business banking, mortgages, and online/mobile solutions with a focus on local decision-making and customer relationships.
Data compiled from public sources
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 experience context.
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.
This is state-level context for Banks consumers in Memphis, TN. It does not confirm that Paragon Bank or this specific location is licensed.
State regulator
Tennessee Department of Financial Institutions
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Paragon Bank processed 208 mortgage applications in 2023, with 98.1% recorded as approved across 9 states.
208
Applications
98.1%
Approval Rate
$320K
Avg Loan
9
States Served
Based on 208 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Paragon Bank offers 12 services including Personal banking accounts and deposit products, Business banking accounts and solutions, Mortgage lending and mortgage payment processing, Online banking platform with login and account access, Mobile banking application, and 7 more.
Paragon Bank has profile signals associated with Consumers seeking traditional community banking with local relationship-based service, Small business owners needing personalized banking solutions and quick local decisions, Customers interested in banking with institutions actively engaged in community volunteering and social responsibility, Mortgage borrowers preferring local lender relationships over large national mortgage servicers.
Key strengths: Offers full-service banking including personal, business, and mortgage products in one institution; Mobile check deposit and bill pay features for convenient banking on-the-go; Local decision-making and application-timing claims as a community bank rather than corporate entity. Areas to consider: Website does not disclose specific interest rates, APYs, or fee structures for any products; No information about account minimums, deposit insurance details, or product-specific terms.
In the Banks category, comparable providers include Bank of Lincoln County, Financial Federal Bank, Independent Bank. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Paragon Bank is profile signals for consumers and small business owners seeking a traditional community banking relationship with local decision-making and personalized service, particularly those who value community engagement. The primary caveat is that detailed product rates, fees, and account terms are not disclosed on their website, requiring direct contact to compare competitiveness against other banks.
Unable to access website to verify current services. Bank of Lincoln County operates as a community banking institution, but their online presence is currently inaccessible.
Profile signals: Local banking with personal service, Review this provider profile and compare source-linked details before choosing what to do next.
Community bank in Memphis, TN offering personal and business banking with competitive money market and CD rates, plus mortgage and construction lending services.
Google rating from 5 reviews
Profile signals: Small business owners and entrepreneurs seeking personalized lending and growth capital with relationship-based banking, High-net-worth individuals interested in private banking with dedicated banker attention and customized solutions
Independent Bank is a community bank based in Memphis, TN offering checking, savings, CDs, auto loans, HELOCs, and personal lines of credit through multiple branch locations.
Google rating from 94 reviews
Profile signals: Memphis-area residents and small business owners seeking community-focused banking with local decision-making, Customers who prefer relationship-based banking and personalized service over digital-only platforms
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