RALEIGH, N.C., September 1, 2015 – Paragon Bank (OTCQX:PBNC) has been named number six on the top 50 “Best Banks to Work For” in 2015. The full list is featured in the September issue of American Banker Magazine and is available online at www.AmericanBanker.com.

The program, which was initiated in 2013 to identify, recognize and honor the best banks to work for in the nation, is a project of American Banker and Best Companies Group. To be considered for participation, banks had to fulfill the following eligibility requirements:

- Have at least 50 employees working in the United States, and

- Be either a commercial bank, thrift, mutual association, mutual savings bank, savings and loan association or a savings bank.

Determining the “Best Banks to Work For” involved a two-step process. The first step consisted of evaluating each participating bank’s workplace policies, practices and demographics. This part of the process was worth approximately 25 percent of the total evaluation. The second part consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part of the process was worth approximately 75 percent of the total evaluation. The combined scores determined the top banks and the final ranking. Best Companies Group managed the overall registration and survey process and also analyzed the data and used their expertise to determine the final ranking.

For more information on the “Best Banks to Work For” program, visit www.BestBankstoWorkFor.com or contact Jackie Miller at 877-455-2159.

QUOTE:

“Our business model is built around a highly-skilled, client-focused staff. Our long-standing commitment to provide employees with a variety of benefit shows we care about them and promotes a healthy balance between their work and personal lives,” said Bob Hatley, president and CEO of Paragon Bank. “Caring for our staff is as important as caring for our clients.”

ABOUT PARAGON BANK:

Founded in Raleigh, North Carolina, in 1999, Paragon Bank, with assets of $1.3 billion, provides a private banking experience to businesses, professionals, executives, entrepreneurs and other individuals. Paragon’s commitment to an extraordinary client experience is built on the philosophy that clients deserve well prepared bankers who are present and fully available, and proactive about helping clients achieve their goals. Banking services are provided through highly responsive professionals, an extensive courier service, online and mobile technologies, free worldwide ATM access, and a select number of strategically placed offices in Raleigh, Charlotte and Cary, North Carolina. Paragon Commercial Corporation shares trade on the OTCQX Market under the symbol PBNC. For more information, visit http://ParagonBank.com.

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