Paragon Commercial Bank Names Brian Reid Triangle Market President

RALEIGH, NC, November 30, 2012 (Press-News.org) Paragon Commercial Bank (http://www.paragoncommercial.com), has announced that Brian Reid has been named the bank's Triangle market president. In this position, Reid is responsible for leading the bank's sales team in Triangle-area business development for the organization, facilitating outstanding client service for customers, and serving as a resource and advocate for Paragon's activities.

Reid started with Paragon as a senior vice president and commercial banker in 2001 to develop business with commercial and industrial operated small companies in the Triangle area. After 10 years in that position, Reid began working for CapTrust as a vice president and financial advisor, specifically offering institutional advisory and fiduciary advice to corporations for their retirement plans.

Reid's philanthropic and civic activities include serving as treasurer for the Cary Chamber of Commerce's executive board. He serves as vice president of the economic development board for the Town of Cary and is on the board of directors for the YMCA of the Triangle. He participates in the Cary Rotary Club and has served as its sergeant of arms.

He obtained his Bachelor of Science from The Ohio State University in Columbus in finance, and his MBA in finance and marketing from Case Western Reserve University's Weatherhead School of Management in Cleveland.

QUOTES:
"We are excited to name Brian as Triangle market president," said Bob Hatley, Paragon Commercial Bank president and CEO. "He has a successful track record of leading sales and business development and has a great understanding of Paragon's mission. We look forward to his contributions in his new role."

ABOUT PARAGON COMMERCIAL BANK:
Founded in Raleigh, N.C. in 1999, Paragon Commercial Bank is North Carolina's first business-only bank. Paragon Commercial Bank provides banking products and services tailored exclusively to the needs of middle-market companies with revenues from $2 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.paragoncommercial.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.com
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