PARAGON BANK

  • Bank Name:Paragon Bank
  • Bank Class:State Chartered - FED Nonmember Bank
  • FDIC ID:Certificate #9772 - Inactive
  • FED RSSD ID:#776752 - Inactive
Headquarters:190 South Broadway, Wells, Minnesota 56097
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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

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

1981-12-22 -Main Office moved to 190 South Broadway, Wells, MN 56097.

2000-08-01 -Changed Institution Name to Paragon Bank.

2016-09-09 -Merged and became part of Peoples State Bank of Wells (8840) in Wells, MN.

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