Paragon Commercial Bank
- Bank Name:Paragon Commercial Bank
- Bank Class:State Chartered - FED Nonmember Bank
- FDIC ID:Certificate #35100 - Inactive
- FED RSSD ID:#2806626 - Inactive
History Of Paragon Commercial Bank
Paragon Commercial Bank was established on May 10, 1999. Originally headquartered in Raleigh, North Carolina, the bank underwent a significant change on March 26, 2007, when it moved its main office to 3535 Glenwood Avenue in Raleigh. On January 26, 2018, Paragon Commercial Bank merged with Towne Bank, based in Portsmouth, Virginia, and became part of the larger financial institution. Subsequently, on November 15, 2022, the bank changed its name to TowneBank, reflecting its integration into the Towne Bank brand.
Below is a list of some important events in banks history, including mergers and acquisitions.
1999-05-10Institution established. Original name: Paragon Commercial Bank.
2007-03-26Main Office moved to 3535 Glenwood Avenue, Raleigh, NC 27612.
2018-01-26Merged and became part of Towne Bank (35095) in Portsmouth, VA.
2022-11-15Changed Institution Name to TowneBank.
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