Paragon Commercial Corporation, parent company of Paragon Bank, received approval from the Depository Trust Company (DTC) and Financial Industry Regulatory Authority (FINRA) to trade shares on the OTC Markets under the symbol PBNC.
The investment firm Raymond James & Associates will become a market maker in the stock and begin quoting a market in Paragon Commercial Corporation shares.
This follows a 125:1 stock split in July 2014 that brought the share price to a level thought to be more attractive to investors.
The Company believes the combined effect of the stock split in 2014 and today’s announcement of Paragon Commercial Corporation shares now trading over-the-counter will make it easier for shareholders to trade shares.
Shareholder inquiries regarding buying or selling shares of Paragon Commercial Corporation should be directed to Mr. Lou Coines with Raymond James & Associates at (312) 655-2964 or (800) 800-4693.
QUOTE:
“This is an exciting time for Paragon,” says Robert (Bob) C. Hatley, President and CEO. “We can now provide a way for our shareholders to buy and sell Paragon stock in an established market.”
About Paragon Bank
Founded in Raleigh, North Carolina, in 1999, Paragon Bank, with assets of $1.2 billion, provides a private banking experience to businesses, professionals, executives, entrepreneurs and other individuals. Paragon’s commitment to an extraordinary client experience is built on the philosophy that clients deserve well prepared bankers who are present and fully available, and proactive about helping clients achieve their goals. Banking services are provided through highly responsive professionals, an extensive courier service, online and mobile technologies, free worldwide ATM access, and a select number of strategically placed offices in Raleigh, Charlotte and Cary, North Carolina. Paragon Commercial Corporation shares trade on the OTC Markets under the symbol PBNC. For more information, visit http://ParagonBank.com.
