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Paragon Commercial Corporation

(NASDAQ CM: PBNC)

Summary

Attention investors who purchased shares of Paragon Commercial Corporation before April 27, 2017:

Rigrodsky & Long is investigating potential claims against the board of directors of Paragon Commercial Corporation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to be acquired by TowneBank.

Press Release

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Paragon Commercial Corporation (“Paragon” or the “Company”) (NASDAQ CM: PBNC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by TowneBank (“TowneBank”) (NASDAQ GS: TOWN).  Under the terms of the agreement, shareholders of Paragon will receive 1.7250 shares of TowneBank stock for each share of Paragon common stock.

If you own common stock of Paragon and purchased any shares before April 27, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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