Paragon Commercial Bank Named One of the Best Places to Work

Raleigh, N.C. – Triangle Business Journal has named Paragon Commercial Bank one of the top 10 small companies to work for in the Triangle, in its annual Best Places to Work Awards program. The award recognizes the company’s achievements in creating a positive work environment that attracts and retains employees through a combination of benefits, working conditions and company culture.

The Raleigh-based company was one of 125 companies to enter, and made the top 10 small company list based on the strength of its employee evaluations.

“This award is truly indicative of the tremendous staff we have put in place to achieve the results the first six years of operation,” says President & CEO, Robert C. Hatley. “We have worked hard to ensure we have created the right atmosphere for our employee to achieve their professional and personal goals.”

“Employees are proud to work for companies that are about more than business,” says Charlene Grunwaldt, Triangle Business Journal publisher. “And, the results show how creating the right work environment can create powerful business advantages.”

Paragon Commercial Bank was presented with its 2005 Best Places to Work Award at a ceremony on September 15, 2005. Triangle Business Journal recognized the top ten companies in each of three size categories, small, medium and large. All 30 winning companies are profiled in an in-depth special section in Triangle Business Journal’s September 16th edition.

Paragon Commercial Bank, which opened in May 1999, provides banking products and services tailored to meet the needs of small to medium-size companies with revenues from $5 million to $50 million including commercial real estate companies, residential construction firms and professional service firms, particularly attorneys, nonprofits, property management firms and accountants.

Paragon Commercial Bank is headquartered in Glenwood Plaza, 3605 Glenwood Ave., Suite 100, Raleigh, NC 27612.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.