Paragon Financial Solutions Stock

Paragon Financial Solutions, Inc. provides various banking products and services to individual, and small and mid-sized businesses primarily in the Memphis region in the United States.

Personal Banking

Rescue Kit

The company offers Rescue Kit for switching over automatic bill and loan payment and direct deposit services.

Checking Accounts

The company offers four types of checking accounts for personal banking needs. It includes Choice Checking, Pinnacle Checking, Premier Checking, and Sterling Checking with features, such as interest bearing, tiered interest rates, and special accounts for customers over age 50.

Savings Accounts

The company offers four types of savings accounts for personal banking needs, including Paragon Savings, Debut Savings, Affinity Money Market Savings, and Sterling Savings. It also provides certificates of deposit and IRAs.

Personal Loans

The company provides various personal loans for buying a home or remodeling, buying a car, or investing in child's education. It offers mortgage loans, such as fixed and variable rate loans, FHA loans, VA loans, zero down products, and piggyback/combo loans; home equity lines of credit; auto loans; second mortgages; residential construction loans; lot loans; major asset purchases; and automatic loan payment services.

Personal Special Services

The company provides various special services, including Internet banking, 24-hour telephone banking, check image statements, direct deposit and withdrawal, customized set of starter checks, ATM/debit card services, auto-transfer to savings, and others.

Private Banking

The company’s private banking solutions include credit, depository, personal financial, cash management, and other personal services; and flexible loan and credit services, such as special purchases, residential mortgages, home equity, construction and renovation, and vacation and second homes. It also offers a portfolio of investment products from stocks, bonds, mutual funds, annuities to college savings plans. In addition, its wealth management program assists businesses with their employee retirement plans and benefit plans.

Business Banking

Business Loans and Deposits

The company offers loan products, including lines of credit, working capital loans and equipment financing, accounts receivable/inventory lines of credit, commercial real estate lending, new business acquisition financing, SBA/USDA lending, and letters of credit. Its deposit products include checking accounts, commercial business checking, interest checking, money market accounts, business savings accounts, and certificates of deposit.

Cash Management Solutions

The company offers a suite of cash management tools for businesses of all sizes.

Payroll Solutions

The company provides payroll solutions.

Insurance Solutions

The company has partnered with Clay & Land Insurance to provide various insurance solutions for businesses.

Wealth Solutions

The company offers wealth solutions for small business owners.

History

The company was founded in 2004.