Business bank’s parent raises capital

The parent company of Raleigh-based Paragon Commercial Bank, which operates an office in Richmond, has raised $5.5 million in capital.

According to an SEC filing, Paragon Commercial Corp. launched an equity offering on Aug. 26. It’s looking to raise $12.1 million, leaving $6.6 million still to be sold. The minimum investment is $10,800. The offering is being handled by Howe Barnes Hoefer & Arnett Inc., a Chicago brokerage firm.

See the filing here.

The $1.3 billion bank has an office in Richmond just off Glenside Drive. According to FDIC filings, Paragon has a $929 million loan portfolio and about $1 billion in deposits.

Paragon opened for business in 1999 and expanded into Richmond in 2006.

The parent company of Raleigh-based Paragon Commercial Bank, which operates an office in Richmond, has raised $5.5 million in capital.

According to an SEC filing, Paragon Commercial Corp. launched an equity offering on Aug. 26. It’s looking to raise $12.1 million, leaving $6.6 million still to be sold. The minimum investment is $10,800. The offering is being handled by Howe Barnes Hoefer & Arnett Inc., a Chicago brokerage firm.

See the filing here.

The $1.3 billion bank has an office in Richmond just off Glenside Drive. According to FDIC filings, Paragon has a $929 million loan portfolio and about $1 billion in deposits.

Paragon opened for business in 1999 and expanded into Richmond in 2006.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected]

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments