Paramount Bank
| Status: | Inactive as of 12/10/2010 |
| Absorption - Assisted | |
| Successor Bank: | Level One Bank |
| Headquarters: | Paramount Bank 31000 Northwestern Highway Farmington, MI 48334 |
| Established: | 02/12/1998 |
| FDIC Insurance: | 02/12/1998 |
| FDIC Cert: | #34673 |
| Charter Class: | Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) |
| Total Assets: | $252,744,000 |
| Total Deposits: | $213,550,000 |
History
| 1998-02-12 | Institution established: Original name:Paramount Bank | |
| 1999-10-08 | Moved bank headquarters from BINGHAM FARMS, MI to FARMINGTON HILLS, MI | |
| 2008-12-31 | Acquired Paramount Bank (58547) in LAS VEGAS, NV | |
| 2010-12-10 | Failed. Acquired with government financial assistance and subsequently operated as part of Level One Bank (58604) | |
| 2015-02-28 | Acquired Lotus Bank (58340) in NOVI, MI | |
| 2016-03-01 | Acquired Bank of Michigan (57861) in FARMINGTON HILLS, MI | |
| 2020-01-02 | Acquired Ann Arbor State Bank (58889) in ANN ARBOR, MI | |
| 2022-04-01 | Merged into and subsequently operated as part of First Merchants Bank (4365) |