PGNNParagon Financial Solutions, Inc. (TN)

About Paragon Financial Solutions, Inc. (TN) (PGNN)

Paragon Financial Solutions, Inc. (TN) (PGNN) is a Banks - Regional company headquartered in Memphis, TN, United States whose shares trade over-the-counter on the Pink tier.

We're a different kind of bank. We're Paragon Bank. When you bank with us, it's like banking with a neighbor. You know us, and we know your business. You can trust us to make decisions quickly. Plus, your money stays in your community. And you have access to the technologies and solutions you might only expect from big banks. Our banking model focuses on friendliness, relationships, growing businesses, and making life better in the communities we serve. In the early 2000s, amidst a flurry of bank acquisitions and mergers, independent banks nearly vanished from the Memphis landscape. This concerned veteran banker Robert Shaw who believed that small and mid-size businesses in Memphis deserved a local financial partner who really cared about their success. Shaw hand-picked respected bankers, men and women who shared his vision, and together they founded Paragon National Bank in 2004. Their mission was to always deliver friendly, personalized service and state-of-the-art solutions to help businesses grow. The bank now has four banking center locations in Memphis, one in Oxford, one in Wilmington, NC, and one in Atlanta - and numerous awards for being the area's best community bank and a best place to work. Today, we're still rooted in - and rooting for our communities. Our success with small and mid-size business customers has enabled both our Oxford and Wilmington, NC, full service branches and Atlanta Small Business Capital Group to grow and serve businesses around the country.

Products and services

Business Solutions Business Checking Account Let us help you create an account that gives you the convenience, access, and security you need. Cash Management Solutions Our complete suite of cash management tools can help you make the most of your cash. - Payables Management - Receivables Management - Liquidity - Fraud Prevention Payroll Solutions Our affordable payroll solution combines the best of both worlds – the latest web-based technology and dedicated, personalized service. Insurance Solutions Paragon Bank has partnered with Clay & Land Insurance to provide you with proven expertise and a variety of insurance solutions to protect your investment. BusinessManager Solutions This program helps you optimize your cash flow with automated tools and personal service, giving you more time to focus on your business. Wealth Solutions Paragon Wealth Solutions offers company-wide retirement plans, investments, and small business strategies in a highly efficient, personalized way. Lending We offer a comprehensive suite of loan products for businesses of all sizes. For you, that means access to big-bank loan products with the personalized service that you expect from a community bank. • Working Capital Loans • Accounts Receivable/Inventory Lines of Credit • Equipment Financing • Commercial Auto/Truck Financing • Business Acquisition Financing • Letters of Credit • SBA/USDA Lending • Owner-Occupied Commercial Real Estate • Non-Owner-Occupied Commercial Real Estate

PGNN key facts

Ticker symbol

PGNN

Market tier

Pink

Sector

Financial Services

Industry

Banks - Regional

Headquarters

Memphis, TN, United States

Country of incorporation

US

Year of incorporation

2014

Employees

119

Estimated market cap

$41.15M (as of Apr 11, 2025)

Shares outstanding

4,512,290

Reporting standard

U.S. Reporting: Bank/Thrift

Audit status

Audited

Fiscal year end

12/31

Latest filing

Annual Report (Dec 31, 2024)

Paragon Financial Solutions, Inc. (TN) leadership

• Robert S. Shaw, Jr. — CEO
• Lewis Perkins — CFO, EVP
• Andrew Taylor — EVP
• Marshall Talley — EVP, CCO
• Lawrence "Larry" M. Magdovitz II — Outside Director

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