RALEIGH, N.C., April 16, 2015 – Paragon Commercial Corporation (OTCQX: PBNC) today announced it has qualified to begin trading its common stock on the OTCQX® Best Marketplace. OTCQX is the best marketplace for established, global and growth companies operated by OTC Markets Group, Inc. Paragon Bank’s stock began trading on Jan. 28, 2015, on the OTC Pink® Marketplace. The Bank’s symbol will continue to be PBNC.

OTCQX for banks is an expansion of the OTCQX marketplace and was created to increase the visibility of strongly capitalized, well-managed banks in the public markets. To qualify for OTCQX, banks must meet high financial standards and be current in reporting to bank regulators and, if applicable, the SEC. Qualified banks are then required to provide quarterly results and information on material events as they occur. They must also appoint a Corporate Broker – a FINRA member broker dealer specializing in bank stocks – to serve as their advisor. Raymond James & Associates, an investment firm committed to the research and trading of small and medium sized community banks, will serve as Paragon Commercial Corporation’s Corporate Broker on OTCQX. The Bank believes that the higher reporting requirements, greater transparency and addition of a dedicated Corporate Broker will build confidence with stockholders and potential investors.

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“Paragon Bank is pleased to be part of the OTCQX marketplace. This opportunity will allow us a broader market with whom we can share our unique banking model and assist us in growing liquidity for our shareholders,” stated Robert C. Hatley, president and CEO of Paragon Bank.

For more information about stock trades, contact Lou Coines of Raymond James and Associates at (312) 655-2964.

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Paragon Bank’s LinkedIn page:

http://linkd.in/P0o9Wc

ABOUT PARAGON BANK:

Founded in Raleigh, North Carolina, in 1999, Paragon Commercial Corporation, the holding company for Paragon Bank with assets of $1.3 billion, provides a private banking experience to small and middle market companies, nonprofit organizations, law firms and title companies as well as professionals, executives, entrepreneurs and other individuals. Paragon’s commitment to an extraordinary client experience is built on the philosophy that clients deserve well prepared bankers who are present and fully available, and proactive about helping clients achieve their goals. Banking services are provided through highly responsive professionals, an extensive courier service, online and mobile technologies, free worldwide ATM access, and a select number of strategically placed offices in Raleigh, Cary and Charlotte, North Carolina. For more information, visit http://ParagonBank.com.

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Information in this press release contains forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, and the effects of competition. Paragon Bank does not undertake a duty to update any forward-looking statements in this press release.