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Paragon Bank

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Paragon Commercial Bank Names Sally A. Neuman Vice President and Business Development Officer


40-Year Industry Veteran Responsible for Growing Core Deposits and Profitability

Raleigh, NC, September 12, 2012 --(PR.com)-- Paragon Commercial Bank (http://www.paragoncommercial.com), North Carolina’s first business-only bank, has announced that Sally A. Neuman will join Paragon’s team as vice president and business development officer, for which her day-to-day responsibilities will include bringing in new business clients to Paragon while also developing client relationships that lead to core deposits and profitability.

Neuman has 40 years of banking and business development experience, including her role as branch manager and vice president at United Carolina Bank. Prior to her current position, Neuman served as business development officer for Crescent State Bank.

Quotes:
“Sally’s great experience will be of tremendous value to Paragon Commercial Bank,” said Bob Hatley, Paragon president and CEO. “Through her leadership, we will be able to better serve our current clients and expand into new territory as well.”

Details:
-Neuman is a member of The Woman’s Club of Raleigh and is active with the Raleigh Chamber of Commerce in several areas. She has received the Centennial Award from the Raleigh Chamber.

- Originally from northern Illinois, Neuman resides in Raleigh with her husband, Duane F Neuman, a retired NCSU Professor.

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.

Jake Potter
MMI Public Relations
(919) 233-6600
jake@mmipublicrelations.com
http://www.twitter.com/MMIPR
http://www.mmipublicrelations.com
Contact Information
Paragon Bank
Patty Briguglio
919-233-6600
Contact

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