Exciting Changes at Paramount

As we enter our 48th year in business, we want to share a few of the exciting changes taking place at Paramount!

Paramount Adds New Owners:

In December 2017, H. John Frank, Jr., a local legend in the mortgage industry, retired after over 40 years as mortgage banker. As a result, Dave Griege has assumed the role of CEO and Paramount’s parent company added a few new owners including: Ken Niemann, Tyler Frank, Jeff Griege, and Drew Luning.

Paramount Purchases a Bank:

On November 9, 2017 Paramount Mortgage’s parent company purchased Superior Bank, a small community bank located in Hazelwood, MO.

On December 22, 2017 Superior Bank officially changed its name to Paramount Bank, maintaining its sole branch location in Hazelwood, MO.

The acquisition of Paramount Bank allows us the opportunity to originate mortgage loans in all 50 states, offer mortgage related loan products such as Home Equity Lines of Credit (HELOCs), bridge loans, construction loans and lot loans to qualified borrowers. Paramount Bank also offers commercial loans and loans on multi-family real estate along with traditional retail banking services.

Paramount is Growing:

Over the past several months, Paramount has added several outstanding new employees including: Elena Sordo-King, Kevin Seelman, Sandy Ingram, and Emily Crosby (all formerly with Stifel Bank).

Paramount Mortgage has Moved:

On February 5, 2018 Paramount Mortgage moved into beautiful, Class A space after over 17 years in its former location on N. Lindbergh. Please be sure to update our contact information with our new address: 622 Emerson Road, Suite 325, St. Louis, MO 63141. All phone numbers and email addresses will remain unchanged.

Paramount Updates its Logo and Website:

In February 2018, Paramount revised and refreshed its corporate brand and logo with the new, exciting insignia seen here.

Later this month Paramount will be releasing a new website for both Paramount Mortgage and Paramount Bank!

Paramount in the Press:

Paramount has had several articles written about all the changes and excitement taking place as you can see in the links here: StL Business Journal 11-9-17, StL Business Journal 12-14-17, Post-Dispatch 1-26-18.

Stay tuned for additional exciting news from Paramount Mortgage, as we continue to grow and expand!