Expanding our Influence in Holland
With record earnings from our Trust and Investment Department, respectable loan growth, consistent mortgage volumes and improved fee income, Paragon Bank & Trust reported record net income in 2004.
The future is bright as we continue to grow our traditional banking lines, generate additional fee income from trust services and improve sales from our expanding menu of products and services.
The Trust and Investment Department’s record year was achieved by leveraging our established presence in the market and an ongoing effort by all employees to provide clients with a full range of financial choices.
“The ability to offer our own trust and investment services to the community provides us with a competitive advantage. Our clients love the fact that they can call one location to handle all of their financial needs.”
- Chuck Brower, Bank Director
Innovation was key as we were the company’s lead bank in establishing and offering Health Savings Accounts to families in our beautiful West Michigan community.
Our genuine passion for our hometown makes our community involvement all the more rewarding. We helped sponsor the 2004 Tulip Time Celebration. Our innovations in stimulating client and staff participation in the local United Way campaign won us awards. Additionally, we supported the arts, served meals at a rescue mission, raised money to battle juvenile diabetes and funded many other great causes.
Last fall, we launched our first television and radio ads designed to increase community awareness and expand our local client base.
The goal is for record earnings again in 2005 as we increase efficiencies and invest further in our community.
Randall R. Smith
President & CEO
Paragon Bank & Trust
240 East 8th Street
Holland, MI 49423
616-394-9600
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Trust & Investments Division
616-394-9055
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www.paragonbank.com
Founded: September 24, 1990
| Board of Directors |
Dr. Robert J. Bates
Director Emeritus - Physician
Western Michigan Urological Assoc., P.C
Charles A. Brower
CPA & Partner
DeLong & Brower, P.C.
Scott Diepenhorst
Principal
SD & Associates, Inc.
Paul Elzinga
Co-Chairman & Director
of Business Development
Elzinga & Volkers, Inc.
Michael P. Haverdink
President
Ottawa Kent Insurance Agency, Inc.
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Jeffery K. Helder
Attorney at Law
Cunningham Dalman, P.C.
Lee W. Hendrickson
Chief Financial Officer
Capitol Bancorp Limited
Grant M. Kasten
President
Kasten Insulation Services, Inc.
Lawrence D. Kerkstra
Chairman of the Board
Kerkstra Precast, Inc.
Scott G. Kling
President
Trust and Investments
Paragon Bank & Trust
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Leonard Maas
President
L & M Maas Investments, LLC
Mitchell W. Padnos
Executive Vice President
Louis Padnos Iron & Metal Company
Henri P. Paterson
Associate Broker & Partner
Woodland Realty, Inc.
Richard H. Ruch
Director Emeritus
Randall R. Smith
President & CEO
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Paragon Bank & Trust
Richard G. Swaney
Attorney at Law
Swaney & Thomas, P.C.
Robert J. Trameri
Retired Chairman
Paragon Bank & Trust
Barry L. Werkman
Vice President of Finance
Hope College
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| Officers |
Richard G. Swaney
Chairman
Charles A. Brower
Vice Chairman
Randall R. Smith
President & CEO
Scott G. Kling
President Trust and Investments
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C. Steven DeLoof
Vice President
M. Jane Riemersma
Vice President
Dean R. Weerstra
Vice President
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