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News for Economic

Paragon Bank Reports Strong First Quarter Earnings
Friday, June 07, 2019
MEMPHIS, Tenn., June 7, 2019 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2019 first quarter financial earnings, reporting a net income of approximately $627,000, an increase of $140,500 or 29%, over the first quarter of 2018.  "We are proud to share another solid financial report for the first quarter of the year," said Robert Shaw, Chief Executive Officer at Paragon Bank. "Our growing ...read more
Categories: General News Article, Press Release, Economic
Fullen Dock and Warehouse Designated as Foreign-Trade Zone
Tuesday, March 26, 2019
MEMPHIS, Tenn., March 26, 2019 – Fullen Dock and Warehouse, a full-service river terminal located at mile marker 740 of the Mississippi River, today announced that it has been designated as a Foreign-Trade Zone (FTZ). FTZs are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation.  "An FTZ designation provides a ...read more
Categories: General News Article, Economic, Press Release
Paragon Bank Reports Record-Setting Fourth Quarter, 2018
Tuesday, March 05, 2019
MEMPHIS, Tenn., March 5, 2019 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2018 fourth quarter financial earnings, reporting record revenue, pre-tax income and net operating income. At December 31, 2018, Paragon had a net income of $1.2 million, an increase of $914,000 or 329 percent over the fourth quarter of 2017. Net income for 2018 increased 49 percent over 2017, primarily due to ...read more
Categories: Community, Press Release, Economic
Paragon Reports Near-Record Revenue for Third Quarter, Top SBA Spot in Memphis MSA
Friday, November 17, 2017
MEMPHIS, Tenn., November 17, 2017 – Paragon Bank (OTCBB: PGNN.OB) today announced another strong quarter with near-record revenue, increasing $128,000 over the second quarter of 2017 to $4.7 million. For the Small Business Administration's fiscal year ending September 30, 2017, Paragon was the largest SBA lender headquartered in the Memphis Metropolitan Statistical Area. "We are proud of the ...read more
Categories: Economic, General News Article, Press Release
Eclectic Eye celebrates 15 years of optometry service and luxury eyewear
Wednesday, November 01, 2017
Memphis, Tenn., November 1, 2017 – Eclectic Eye, a Memphis destination for optometry services and stylish eyewear needs, today announced a special anniversary sale in celebration of 15 successful years in business.  Since opening the store in the heart of Midtown, Memphis, Eclectic Eye has pioneered the local optometry provider model and truly defined how small businesses contribute to the ...read more
Categories: Chamber, Community, Economic, Fun Facts, General News Article, Human Interest, Press Release
Paragon Reports Improved Earnings, Record-Breaking Net Interest Income in Second Quarter
Tuesday, August 22, 2017
MEMPHIS, Tenn., August 22, 2017 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2017 second quarter financial earnings, reporting a net income increase of 15 percent over the second quarter of 2016. During the first six months of 2017, net income increased 33 percent compared to the first six months of 2016. Net interest income for the second quarter of 2017 was a record $3.5 million, which ...read more
Categories: Economic, Press Release, General News Article
Waybright Joins Paragon as Vice President and Business Development Officer
Monday, July 31, 2017
MEMPHIS, Tenn., July 31, 2017 – Paragon Bank (OTCBB: PGNN.OB) has hired Sean Waybright as Vice President and Business Development Officer. Waybright reports to Charles Yorke, President of the Paragon Bank Small Business Capital Group, and is based in the group’s Denver office.  “With his commitment to the industry and desire to expand the small business community, Sean was an instant asset to the ...read more
Categories: Chamber, Community, Economic, General News Article, Press Release
The Seam Expands, Moves Headquarters to Southwind Campus
Thursday, March 16, 2017
MEMPHIS, Tenn., March 16, 2017 – The Seam, a commodities trading and agribusiness software provider, today announced it is expanding operations in the Memphis area and will move to 3400 Players Club Parkway, part of the Southwind Office Plaza. The transition comes after the company’s announcement in January that it is working with IBM and cotton industry leaders to create a blockchain-based ...read more
Categories: Chamber, Economic, General News Article, Press Release

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