RALEIGH, NC, RICHMOND, VA and CHARLOTTE, NC (November 10, 2008) – Paragon Commercial Bank announced it has successfully closed $11,780,000 of subordinated notes in a private placement to qualified institutional and individual investors. The notes have a maturity date of Nov. 1, 2018 and are redeemable in whole or in part, at par, on or after Nov. 1, 2013. The bank expects   Read More...

RALEIGH, N.C. (October 23, 2008)- Paragon Commercial Bank announces the appointment of Virginia W. Watson to the position of vice president, residential mortgage loans in its Raleigh, North Carolina office.  Watson brings 24 years of experience in the financial services industry to Paragon. Her career began with First Federal Savings & Loan of Raleigh and she was most recently with North State Bank as   Read More...

RALEIGH, N.C. (September 30, 2008) - Paragon Commercial Bank announces the promotion of Jennifer D. Terry to the position of chief deposit officer, a bank-wide position supporting all three Paragon locations in Raleigh, Charlotte and Richmond, Va. Terry was formally senior vice president of the bank, as well as a client development officer, working with commercial and industrial accounts. In her new role as chief deposit officer, Terry will lead the bank’s   Read More...

CHARLOTTE, N.C. (September 17, 2008) – Paragon Commercial Bank announces the appointment of K. Wesley M. Jones of Charlotte, North Carolina to its board of directors.  Mr. Jones grew up in Memphis, Tennessee and attended The University of Tennessee and The University of Memphis.  He is the founder and managing partner of Five Oaks Capital Partners, a private investment firm in Charlotte, NC.  He began his capital markets career in 1982   Read More...

CHARLOTTE, N.C. (August 6, 2008) – Paragon Commercial Bank announces the appointment of Thomas A. Bennett Jr. to the position of senior vice president, client development officer at its office in Charlotte. Bennett will focus on Paragon’s deposits and treasury service opportunities, as well as commercial and industrial loan opportunities.   Read More...

CHARLOTTE and RALEIGH, N.C. (June 13, 2008) Robert C. Hatley, president and chief executive officer of Paragon Commercial Bank, has been named the 2008 Carolinas Ernst & Young Entrepreneur Of The Year® for Financial Services. Mr. Hatley accepted the award on behalf of Paragon’s employees at a banquet held the evening of June 12, 2008 at The Westin Charlotte Hotel.   Read More...