#USA #Memphis #Shareholders #Cash Dividend #Paragon Bank

Paragon Financial Solutions Declares $0.50 Cash Dividend

On July 27, 2026, Paragon Financial Solutions, the parent organization of Paragon Bank, made an exciting announcement regarding its financial health and commitment to shareholders. The Board of Directors revealed the declaration of a cash dividend of $0.50 per share for common stock holders. This dividend is scheduled to be paid out on August 24, 2026, to shareholders of record as of August 10, 2026.

Robert Shaw, the President and CEO of Paragon, expressed that this dividend reflects two decades of dedication and hard work in building a bank that stands on a robust financial foundation and knows its direction moving forward. By emphasizing the significance of shareholder trust, Shaw noted that actions like declaring a dividend are ways to honor that trust fully.

This significant decision is a testament to Paragon's ongoing earnings strength and solid capital positioning. By the end of Q2 2026, the company reported impressive figures, including total assets amounting to $907.8 million and a net income of $3,901,747, with regulatory capital ratios that remain above the necessary thresholds.

Shaw further commented on the expansion and growth of the bank, highlighting their ventures into new markets and the establishment of new relationships. With a dedicated team of bankers who share the company's culture, Paragon is poised to bring its services to communities yet to experience what the bank has to offer. He stated, "The fundamentals that enabled this dividend are the same ones that will ensure the institution's progress going forward."

About Paragon Bank

Founded in Memphis in 2005, Paragon Bank was established on the belief that banking should embody a personal touch, with decision-makers rather than order-takers at the helm. Nearly two decades later, this foundational principle continues to govern operations across its eight banking centers located in Memphis, TN; Oxford, MS; Atlanta, GA; Wilmington, NC; and Jackson, TN, as well as a loan production office in Franklin, TN.

The commitment to employee welfare and a customer-centric approach has earned Paragon Bank recognitions such as Best Place to Work, Best Bank to Work For, and Top Workplace for eight consecutive years. This acknowledgment stems from a fundamental belief that prioritizing the well-being of staff leads to exceptional customer care, resulting in loyal clientele.

For additional information or inquiries, interested parties can reach out to Paragon Bank at 901.273.2900 or toll-free at 866.504.5556. Their website, bankparagon.com, offers further resources and assistance.

The declaration of the cash dividend is not just a financial gesture; it is a reflection of Paragon Bank's commitment to its shareholders and its strong standing in the banking industry. As it moves into the future, the bank remains focused on maintaining its values and expanding its reach to serve even more communities effectively.