Bank Index

Paragon Bank

Bank · Memphis, United States · overall 5.0 / 10

Open in Bank Index

How this 5.0 is built

Average of 6 scored needs: 5.0. Regulation in United States: 87/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 2 scores backed by filings or its own pages.

Paragon Bank is recorded in the global register as a bank in Memphis, United States. The register shows its licence as licensed. Total assets 0.91 bn USD at 2026-06-30. It reports 10 offices. Established 2005. Collected from open registers.

On its own website: “Join Paragon Bank for personalized service, local expertise, and advanced technology to meet all your banking needs.”

Legal name
Paragon Bank
Licence confirmed
yes, on a regulator's own list
Established
2005
LEI
549300TGWKRP2P13MO72
Website
bankparagon.com

Scores, 0 to 10

6.0United States
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
6.0Financial strength & stability
· source
5.5Cross-border payments, FX and multi-currency accounts
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Best interest on business balances
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Trade, manufacturing & import-export
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.5Fast digital onboarding
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.0Lowest fees
The bank's own page names a monthly account charge, and per-item pricing on top of it. Transfer and card prices were not read on that page, so this score speaks only for the monthly charge. It reads: “**First 200 items at no charge, then $0.25 per item ***If paper statements, there is a $3 monthly service charge *** No service charge if a $2,500 dai” · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.