Clinton Township, MI, September 7, 2005 – Paramount Bank is excited to announce the grand opening of its full service Clinton Township branch. Beginning Tuesday, September 6, the full service deposit branch will add to the existing Residential and Commercial Loan Office that was established at the Clinton Township location in 2003. Matthew Meagher, who was appointed Assistant Vice President of Branch Operations for the Clinton Township location, will lead the community focused branch.
“YOU’VE NEVER SEEN A BANK LIKE THIS”
Paramount Bank’s tagline – “You’ve Never Seen a Bank Line This”, is supported by the many programs the bank has developed to take the financial needs of their customers personally. Paramount Bank currently leads community banks in providing residential mortgages and are ranked number one in the State of Michigan by the American Bankers Association in home equity loans. Paramount also has the fastest growing commercial real estate portfolio. Their commercial lending is known for its versatility, as they are not constrained by outdated lending philosophies or lengthy committee approval processes, as seen in larger banks.
It is their flexible product options and personalized service that has made Paramount Bank one of the most successful banks servicing Oakland and Macomb counties. Paramount credits this accomplishment to the fact that they are locally headquartered, with decision makers on site, and have controlled the cost of delivering their products so that the savings can be passed on to their customers.
“We are a true community bank that takes pride in our versatility and progressive lending philosophies that do not require lengthy committee approval processes, as seen in larger banks,” said Jeff Sugg, President and CEO. “We continue to be committed to assisting positive growth in our community, because we live in your neighborhood.”
FOCUSING ON BOTH THE CUSTOMER AND THE COMMUNITY
Paramount’s charge is to provide the best options for the people in their community. Free checking services, web banking and bill pay save customers both time and money, while Paramount’s special Prime Preferred Checking Account, a special alternative to money market funds, includes benefits like the fact that the account is tied to the prime rate, check orders are paid by the bank, no monthly service charges and free unlimited check writing. Prime Preferred customers also receive special discounts on residential and home equity rates and bonuses on CD rates.
Paramount Bank recognizes the importance of long term saving, and not only consistently provides the most competitive CD rates, they will guarantee it. For a limited time, to celebrate the Grand Opening Paramount will guarantee the highest CD rates in town on 6, 12 and 18 month terms. The bank’s money market rates are also highly competitive.
Focusing on the community has been one of Paramount’s initiatives from the very beginning, resulting in the establishment of strong relationships with two not for profit organizations in Macomb County that are focused on providing housing for first time home buyers: the Community Development Corporation of Warren and Housing Opportunities for Macomb, Inc. Paramount continues to look for organizations like these to further their community commitment and participation.
ABOUT PARAMOUNT BANK
Paramount Bank, founded in 1998, was established to serve the Oakland and Macomb County communities with financial products and services that meet the needs of today’s customer. Paramount offers a full range of banking services including commercial and residential lending and currently has full-service branch locations in Birmingham, Farmington Hills and now Clinton Township. The branch locations join the loan production office in Troy. For more information visit www.paramountbank.com or call (800) 421.BANK. Paramount Bank, “You’ve Never Seen A Bank Like This”.
For more information on Paramount Bank, please contact Christine Fisher :
cfisher@pushtwentytwo.com or call 248.335.9500x30
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