RALEIGH, N.C., June 30, 2015 – Paragon Bank announces the promotions of Paula Tannery and Jason Rapuano. Tannery was promoted to assistant vice president and Rapuano to senior vice president. These employees have excelled in their duties over the past year and possess skills that have expanded the bank’s services and overall success.

Tannery, promoted to assistant vice president, currently serves as the executive assistant to the market president and chief credit officer. A native of Raleigh, she has been with Paragon Bank for more than two years. Tannery has been working in the financial industry for more than 25 years in the Triangle and in Wilmington, North Carolina.

A native of California, Rapuano started his banking career as an intern 11 years ago with Paragon Bank and has now been promoted to senior vice president. He recently attended the Graduate School of Banking at Louisiana State University. Rapuano actively serves on the bank’s sales team from the Cary, North Carolina office.

QUOTES:

“Paula’s and Jason’s tenure with Paragon Bank is of high value to our team and the clients we serve,” said Brian Reid, Paragon Bank Triangle market president. “Each is well versed in the many services we offer, and continue to help strengthen our team at Paragon Bank to ensure that we continue to provide only the highest level of service to 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 OTC Markets under the symbol PBNC. For more information, visit http://ParagonBank.com.