Memphis based Paragon Bank has formed a new wealth management division.

Memphis-based Paragon Bank has formed a new wealth management division.

The wealth management arm will offer traditional services, as well as individual retirement and investment planning and small business strategies.

Working on the wealth side are Staci Jackson, Mark Winburne,Kent Monypeny and Charles Hardee - the latter two were both hired earlier this month.

Dan Overbey leads the new division as president and managing director, while Audrey Lisles steers sales support.

Paragon Wealth Solutions has also partnered with advisory firm LPL Financial to provide equities, mutual funds, bonds and annuities for clients.

"We pride ourselves on strategic growth while maintaining a focus on serving the needs of our customers," said Robert Shaw, chief executive at Paragon. "With individuals and small business owners in mind, we look forward to enabling more people to reach their investment and retirement goals."