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Paragon Bank Appoints Senior Vice President, Specialty Lending


Memphis, TN, March 18, 2016 --(PR.com)-- Paragon Bank (OTCBB: PGNN.OB) has hired Thomas "Tee" Shipmon as Senior Vice President of Specialty Lending. Shipmon will report to Robert Shaw, Chief Executive Officer at Paragon Bank, and will work out of the office at 5400 Poplar Avenue.

"We are excited to add a team member with Tee's expertise," said Shaw. "His extensive experience and financial knowledge will be of great benefit to both business customers and our team, and we look forward to adding another service to our extensive small business offerings."

In his new role, Shipmon will provide interim construction financing primarily for franchisees. Prior to joining Paragon, Shipmon served as the President and Co-Founder of WingFinance, and served in a variety of positions at Bank of America and its predecessor banks.

Shipmon received a Bachelor of Business Administration in finance from Baylor University. He currently serves on the Finance Committee for Downtown Church and is a volunteer at New Hope Christian Academy. He previously served as an officer at Second Presbyterian Church and has also served on the Board of Directors of Advance Memphis.

About Paragon Bank
Since its founding in 2005, Paragon Bank has maintained a solid focus on the community and customer service. For more than 10 years, Paragon has delivered innovative products and financial expertise, convenience, and a deep understanding of what both businesses and individuals need from a bank, in order to provide solutions that make a difference. In the areas of business or personal banking, lending options or wealth management, Paragon delivers cutting edge technology, an experienced team and the most service-oriented staff of any community bank.

For more information about Paragon Bank, please call (901) 273-2900 or visit us online at www.bankparagon.com.
Contact Information
Beth Wilson, inferno
901-278-3773
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