Paragon Bank is a locally owned, community bank that delivers business banking solutions. The bank offers Internet and 24-hour telephone banking services. It provides direct deposit and ATM, payroll, gift, credit and debit card services. Paragon Bank also offers checking, individual retirement, sweep, zero balance and savings accounts. The bank provides a variety of personal, accounts receivable, home construction, real estate and working capital loans. It offers electronic federal tax payment and courier services. The bank provides group health, property and casualty insurance products. It offers additional services that include wire transfers and repurchase agreements. Paragon Bank is located in Memphis, Tenn.