Craft

Paragon Commercial

Revenue

$1.3 M

FY, 2016

Paragon Commercial Summary

Company Summary

Overview
Paragon Commercial Corporation is the holding company for Paragon Bank, serving small and middle-market companies, nonprofits, trade associations, property owners associations, law firms, title companies, and private banking clients in the Raleigh and Charlotte metropolitan markets of North Carolina. The Bank offers online and mobile banking services, business checking, nonprofit checking, certificates of deposit, business debit cards, safe deposit boxes, merchant services, wire transfers and courier service, among others. Paragon Bank also provides a range of wealth management services, including business retirement plans, 401k plans, self-employed retirement plans, buy sell agreements, and succession and exit planning. In addition, the Bank offers various loans, such as construction and land development loans, commercial real estate loans, commercial and industrial loans, and consumer and other loans.
Type
Subsidiary
Status
Closed
Founded
2001
HQ
Raleigh, NC, US | view all locations
Website
https://paragonbank.com/
Cybersecurity rating
Sectors

Key People

  • Robert C. Hatley

    Robert C. Hatley, President, North Carolina Region

    • Phillip R. Jurney

      Phillip R. Jurney, Charlotte Market President

      • Brian K. Reid

        Brian K. Reid, Triangle Market President

        • Carol A. Isaac

          Carol A. Isaac, Senior Vice President Human Resources Manager

          Operating MetricsView all

          Non-performing Loans

          $492K
          59.7%

          Q2, 2017

          Total Loans

          $1.3B
          21.3%

          Q2, 2017

          LocationsView all

          3 locations detected

          • Raleigh, NC HQ

            United States

            3535 Glenwood Ave

          • Cary, NC

            United States

            5000 Valleystone Dr #110

          • Charlotte, NC

            United States

            6337 Morrison Blvd

          Paragon Commercial Financials

          Summary Financials

          Revenue (Q3, 2017)
          $274.0K
          Net income (Q3, 2017)
          $4.2M
          Cash (Q3, 2017)
          $83.4M

          Footer menu