Paramount Bank - Banks

About Paramount Bank

Paramount Bank is one of the banks in Missouri, headquartered in Hazelwood. It is regulated by the FDIC. Its registry record lists an establishment year of 2004, total assets of $86.55 million, and total deposits of $74.7 million. The bank operates three branch offices, and its holding company is Paramount Financial Group Inc. The bank's current form dates to 2017, when a group of individuals purchased Paramount Bond & Mortgage Company, a St. Louis mortgage banking firm founded in 1970. Months later, the group acquired Superior Bank of Hazelwood and combined the two companies. Its deposit products include certificates of deposit, interest checking, money market accounts, and personal savings accounts, and it offers a mobile app. On the lending side, the bank is a HUD-approved lender that provides Fannie Mae and Freddie Mac agency products, jumbo and portfolio programs, and FHA, VA, FHA 203K, and USDA loan programs. The bank describes a community focus on North County in St. Louis. Its profile also appears in the Directory of US Banks.

Key Facts

Total Assets

$86.55M

Total Deposits

$74.7M

Branch Offices

3

Established

2004

Holding Company

Paramount Financial Group Inc

Primary Regulator

FDIC