Paramount Bank (MO) is headquartered in HAZELWOOD and is the 191st largest bank in the state of Missouri. It is also the 3,964th largest bank in the nation. It was established in 2004 and as of March of 2025, it had grown to 50 employees at 4 locations. Paramount Bank (MO)'s CD rates are 4X the national average, but it has a D health rating.
Great Customer Service!!!
Russ was amazing. He walked me through the verification process, waitinguntil it was complete. I appreciate such high standards of customer service compared to being thrown some instructions and to go on your merry way!!
3 Limitations To Be Aware Of
So far my experience with Paramount has been favorable, but new depositors may not be happy with 3 service limitations:
*ACH withdrawals are limited to $5000.
*They have no "secure messaging". You have to call them or send a regular email.
*A checkbook order is a minimum of $35! But they have no objection if you buy discount checks elsewhere.
Their staff has been friendly and knowledgeable, and they do answer the phone promptly without a lot of menus to go through.
Flawed Application Process TOTAL FREAKOUT
I applied for the 11month CD, and created an APPLICATION LOGIN ACCOUNT, that took my personal ID info. Then I entered my routing and account numbers for funding $100,000. They sent the trial deposits correctly, I approved the outgoing funding transfer, and the 100g funding departed overnight. Received email stating mail would be sent with my account number.
MY APPLICATION LOGIN ACCOUNT then DISAPPEARED. When I noticed this, I called and called and called for an entire afternoon, nobody would answer the phones. These two bad happenings combined had me believing I was scammed and TOTALLY FREAKED OUT. Finally after hours some nice manager answered and straightened me out, all was OK.... at least so far. He gave me my checking account number so I could enroll online to the real online banking account, different than the application account that vanished.
Bottom line, the bank should NEVER have completely frozen out the customer from online access to his account and the evidence of the online application.
What Happened To "Eligibility Requirements"?
Would anyone here know what are this bank's eligibility requirements please? The DA link for this question isn't working...at least for me. :) Thank you.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57884 |
| Year Established | 2004 |
| Employees | 50 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -4.19% |
| Return on Equity - YTD | -51.98% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $81MM$93.1MM |
| Loans | Q1 2025vs Q1 2024 | $69.5MM$77.3MM |
| Deposits | Q1 2025vs Q1 2024 | $73.4MM$68.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $6.4MM$10.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $619K$925K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $0$0 |
| Real Estate Owned | Q1 2025vs Q1 2024 | $1MM$1MM |