Paragon Bank Names Jason Rapuano Vice President And Client Development Officer

Former Credit Analyst Now Responsible For Business Development And Managing Commercial Loan Portfolio. End Quote

Raleigh-Durham-Chapel Hill, NC (1888PressRelease) May 25, 2013 - Paragon Bank (http://www.paragonbank.com) has announced that Jason Rapuano has been named vice president and client development officer for the bank. In this position, Rapuano manages a commercial loan portfolio and develops new business opportunities for the bank. Prior to his new position, he served as a credit analyst at Paragon, where he was responsible for reviewing business and personal financial statements to determine borrowers' ability to repay debt.

Rapuano graduated from North Carolina State University in 2006 where he earned a degree in business administration with a concentration in Finance. Originally from Los Gatos, Calif, Rapuano resides in Cary with his wife, Nichole.

QUOTES:
"We are excited to name Jason vice president and client development officer," said Bob Hatley, Paragon president and CEO. "Jason has a great understanding of finance and has been a valuable asset to Paragon since he began working at the bank first as an intern and then as a credit analyst."

ABOUT PARAGON BANK:
Founded in Raleigh, N.C., in 1999, Paragon Bank is North Carolina's first business-only bank. Paragon Bank provides banking products and services tailored exclusively to the needs of middle-market companies with revenues from $5 million to $75 million, their executives and high net worth individuals. The bank's business focus includes operating companies in a wide range of categories, professional firms and nonprofit organizations. Headquartered in Raleigh, the bank expanded to open a location in Charlotte, N.C., in 2006. For more information, visit http://www.paragonbank.com.

Information in this press release contains "forward-looking statements." These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, and the effects of competition.

Jake Potter
MMI Public Relations
(919) 233-6600
jake ( @ ) mmipublicrelations dot com
http://www.twitter.com/MMIPR
http://www.mmipublicrelations.com

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