Raleigh, NC, July 11, 2012 --(PR.com
)-- Paragon Commercial Bank (http://www.paragoncommercial.com), North Carolina’s first business-only bank, has announced that the company and three of its employees received recognition from Robert Mueller, Director of the U.S. Federal Bureau of Investigation, for their assistance in connection with several criminal investigations related to fraud. The Bureau specifically recognized Rose Auteri, Brenda Pierce and Lisa Brown and their efforts to prevent hundreds of thousands of dollars in potential losses for Paragon’s clients during the past three years.
“There has been a significant increase nationally in online banking fraud involving small and medium-sized companies, nonprofits and public institutions that results in significant losses,” said Michael Story, Paragon Commercial Bank EVP and Chief Risk Officer. “We are proud to have a team that does an exceptional job at making sure our clients’ accounts are safe and protected.”
“Paragon takes fraud prevention very seriously,” said Charlotte Market President Phil Jurney. “Our website offers many great tips about protecting your accounts, and our staff of knowledgeable client development officers are always available to discuss necessary fraud prevention steps.”
About Paragon Commercial Bank:
Founded in Raleigh, N.C. in 1999, Paragon Commercial Bank is North Carolina’s first business-only bank. Paragon Commercial Bank provides banking products and services tailored exclusively to the needs of middle-market companies with revenues from $2 million to $75 million, their executives and high net worth individuals. The bank’s business focus includes operating companies in a wide range of categories, professional firms and nonprofit organizations. Headquartered in Raleigh, the bank expanded to open a location in Charlotte, N.C. in 2006. For more information, visit http://www.paragoncommercial.com.
Information in this press release contains "forward-looking statements." These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, and the effects of competition.
MMI Public Relations