Paramount Bank
| Status: | Inactive as of 12/31/2008 |
| Absorption - Without Assistance | |
| Successor Bank: | Paramount Bank |
| Headquarters: | Paramount Bank 7795 West Sahara Avenue Las Vegas, NV 89117 |
| Established: | 07/09/2007 |
| FDIC Insurance: | 07/09/2007 |
| FDIC Cert: | #58547 |
| Charter Class: | Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) |
| Total Assets: | $24,614,000 |
| Total Deposits: | $13,923,000 |
History
| 2007-07-09 | Institution established: Original name:Paramount Bank | |
| 2008-12-31 | Merged into and subsequently operated as part of Paramount Bank (34673) in FARMINGTON HILLS, MI | |
| 2010-12-10 | Failed. Acquired with government financial assistance and subsequently operated as part of Level One Bank (58604) | |
| 2012-12-03 | Moved bank headquarters from LAS VEGAS, NV to FARMINGTON HILLS, MI | |
| 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) | |
| 2022-04-01 | Merged into and subsequently operated as part of First Merchants Bank (4365) |