Paragon’s shares of common stock are being offered through Howe
Barnes Investments, Inc., the underwriter, on a best efforts basis. A
copy of the offering circular relating to the offering may be obtained
when available from Howe Barnes at 222 South Riverside Plaza, 7th
Floor, Chicago, Illinois 60606, or by contacting Nick Bach at Howe
Barnes at (800) 800-4693.
Paragon National Bank is a national banking association chartered by
the Office of the Comptroller of the Currency located in Memphis,
Tennessee. Through three branch locations and through remote access,
Paragon provides a full line of banking services to its target market
of small businesses, business professionals and consumers in the
Memphis Metropolitan Statistical Area, with an emphasis on East
Memphis, Collierville, Cordova and Germantown, Tennessee.
A registration statement relating to the shares has been filed with
the Office of the Comptroller of the Currency but has not yet become
effective. The shares may not be sold, nor may offers to buy them be
accepted, prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
nor the solicitation of an offer to buy the shares nor shall there be
any sale of the shares in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
Certain
matters in this press release may constitute forward-looking statements
within the meaning of Section 27-A of the Securities Act of 1933 and
Section 21E of the Securities and Exchange Act of 1934. Actual results
and the timing of certain events could differ materially from those
projected in or contemplated by the forward-looking statements.
Reference is hereby made to the filings of Paragon National Bank with
the Office of the Comptroller of the Currency, including quarterly
reports on Form 10-Q, reports on Form 8-K, and its annual report on
Form 10-K, particularly including the risk factors contained in the
latter filing.