In 2017 a group of individuals came together to pursue the creation of an innovative banking company unlike any other. The group purchased Paramount Bond & Mortgage Company; a well-respected St. Louis mortgage banking company founded in 1970. Months later the group purchased Superior Bank of Hazelwood, MO, and proceeded to put these two companies together into one exciting organization. The plan involved rescuing a bank, reimaging the financial institution for the future, and rebuilding the company with nationally-renowned mortgage management, creative bank leadership, a diverse and exceptional employee population, and an engaged shareholder group and Board. This is now Paramount Bank
The bank’s is committed to delivering market-leading deposit products, innovative loan and mortgage products, best-in-class technology, and superior personal service to help clients meet their financial goals, and underscores why Paramount Bank is like no other. Paramount embraces the spirit of a community bank while possessing the capabilities normally found in much larger national institutions.
Paramount Bank is a HUD approved lender and provides a full range of Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is delegated FHA/VA, FHA 203K and USDA approved. The Bank also provides a wide range of deposit and loan products for consumers and businesses, with an emphasis on competitive rates, outstanding on-line technology, and loan solutions.