PARAGON BANK

  • Bank Name:Paragon Bank
  • Bank Class:Federal Reserve Non-Member Bank
  • Member FDIC:Certificate #9772 - Inactive
  • Web Address:paragonbankmn.com
Headquarters:190 South Broadway, Wells, Minnesota 56097
Paragon Bank is no longer doing business under that name.

HISTORY OF PARAGON BANK

Paragon Bank was established in August 1925 and headquartered in Wells, Minnesota. The bank operated as a subsidiary of Southern Minnesota Bancshares, Inc.. Paragon Bank was classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC. Paragon Bank is no longer doing business under that name. To view branches, routing numbers, phone numbers and business hours; you can check Peoples State Bank of Wells page.

Below is a list of some important events in banks history, including mergers and acquisitions.

DATEEVENT

08/31/1925 -Institution established: Original name: Security State Bank of Wells

08/01/2000 -Changed name to Paragon Bank

09/09/2016 -Merged into and subsequently operated as part of Peoples State Bank of Wells (8840) in Wells, MN

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