RALEIGH, NC. - Paragon Commercial Bank, North Carolina’s first commercial only bank that started in Raleigh, North Carolina less than nine years ago, surpassed one billion dollars in asset size in early January, 2008. This significant accomplishment was achieved with less than 90 full time employees, something that is rarely seen in the banking industry. President Bob Hatley attributes the growth to the hard work and dedication of the Paragon employees, many who are stockholders in the bank. “Paragon takes pride in the caliber of the employees we hire into the bank. Their motivation for success is the key behind all of our accomplishments and I give them full credit for this significant achievement.” Paragon Commercial Bank offers banking products and services tailored exclusively to the needs of midsize companies and their executives. It was started in 1999 with four full time employees and one single location in Raleigh, North Carolina. In eight and a half years, the bank has grown to 92 total employees in three different locations – Raleigh, Richmond and Charlotte. The bank is looking to expand to its fourth location in first half of 2008. It currently ranks as the 24th largest bank headquartered in North Carolina.

---

Written By: choser
Date Posted: 5/22/2008
Number of Views: 417

---