VOL. 129 | NO. 225 | Tuesday, November 18, 2014
Paragon Bank Launches Wealth Solutions Group
By Andy Meek
Paragon Bank has formed a wealth solutions division, a group of six led by president and managing director Dan Overbey, in a move beyond its traditional banking services to offer a new suite of products to customers.
The unit’s goal: help customers with retirement and investment planning, as well as small business strategies. It includes four wealth advisors - Staci Jackson, Mark Winburne, Kent “Brooks” Monypeny and Charles Hardee.
The division will focus its offerings on a range of strategic plans, including business investments, company-wide retirement and individual retirement planning. Paragon also has teamed up with LPL Financial to provide equities, mutual funds and bonds annuities for businesses and individuals.
The announcement of Paragon’s new division comes about a month after the bank launched another expansion, with its Paragon Small Business Capital Group.