Paragon Commercial Bank Promotes Matt Davis To Chief Operating Officer

Davis responsible for overseeing Paragon's daily operations, credit administration and compliance efforts

2012-12-28

RALEIGH, NC, December 28, 2012 (Press-News.org) Paragon Commercial Bank (http://www.paragoncommercial.com) has announced that Matt Davis has been named the bank's chief operating officer. In this position, Davis is responsible for overseeing the bank's day-to-day operations, credit administration and compliance. Prior to his new position, Davis served as Paragon's chief credit officer for the past ten years.

Before joining Paragon, Davis worked as a corporate banker for Wachovia Bank in Charlotte with a marketing emphasis on operating companies between $10 and $100 million in revenue. In 1996, a career move took him to work for Bob Hatley, Paragon President and CEO, at Centura Bank in Cary, N.C., as a commercial account officer focused on lending to commercial business and real estate.

Davis is involved with local Rotary Clubs, Habitat for Humanity and the Community Investment Corporation of the Carolinas (CICCAR). In addition, he has served as vice president and board member for the Risk Management Associates, Inc. local chapter.

He obtained his Bachelor of Arts and Masters of Science in Business Management from NC State University. Originally from Louisburg, N.C., Davis resides in Raleigh with his wife and three children.

QUOTES:
"We are excited to name Matt as our chief operating officer," said Hatley. "From the foundation of Paragon, he has made key contributions to the organization and has been exceptional in working with clients in his previous position. We are confident that Matt will do the same quality of work in his new role with Paragon."

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
http://www.twitter.com/MMIPR
http://www.mmipublicrelations.com

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