RALEIGH – Paragon Commercial Bank, the first business-only bank in North Carolina and Virginia, has hired Steve Shuford as Senior Director of Treasury Services.
Shuford, a 1973 graduate of N.C. State University, has 31 years of banking experience. He comes to Paragon from RBC Centura, where he was manager of design and development of cash management products.
In the new position of Senior Director of Treasury Services, Shuford will serve as a resource specializing in cash management services and will provide consultation to Paragon’s commercial clients regarding cash flow and information management.
“I will also be charged with making sure that Paragon’s cash management services meet or exceed the client expectations,” said Shuford, a native of Lenoir who has lived in Raleigh for 24 years. “Paragon's unique appeal is the focused approach to serving our clients. We are driven to provide superior service with personal attention and quality products.”
The cash management directive mirrors Paragon’s goal, said Bob Hatley, CEO of the Raleigh-based headquarters. “Steve will consult, give good advice and then follow through on that advice,” he said. “Our clients will enjoy working with Steve. He’s experienced and committed to customer service.”
The position was created to provide specific focus on cash management areas such as merchant capture and lockbox, which revolves around secure, accelerated accounts receivable collection and reporting.
A certified cash manager professional, Shuford’s personal interests and contributions lie mostly with organizations providing for child welfare, especially children with serious illness.
Paragon Commercial Bank, found on the web at www.paragoncommercial.com, opened in May 1999 in Raleigh and currently has more than $500 million in assets.
Paragon provides banking products and services tailored to meet the needs of small to medium-size companies with revenues from $5 million to $50 million including commercial real estate companies, residential construction firms and professional service firms, particularly attorneys, health care providers and accountants. Paragon also provides corporate finance services for firms with annual sales from $5 million to $100 million.