Paragon Commercial Bank

Status:Inactive as of 01/26/2018
 Absorption - Without Assistance
Successor Bank:TowneBank
Headquarters:Paragon Commercial Bank
3535 Glenwood Avenue
Raleigh, NC 27612
Established:05/10/1999
FDIC Insurance:05/10/1999
FDIC Cert:#35100
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$1,763,918,000
Total Deposits:$1,282,131,000

History

1999-05-10Institution established: Original name:Paragon Commercial Bank
2018-01-26Merged into and subsequently operated as part of Towne Bank (35095) in PORTSMOUTH, VA
2023-01-13Acquired Farmers BankTowneBank (2429) in WINDSOR, VA.

Financial Information (2017-12-31 and Older)