Filing Details
- Accession Number:
- 0001654954-17-000994
- Form Type:
- 13G Filing
- Publication Date:
- 2017-02-13 15:18:56
- Filed By:
- Banctenn Corp
- Company:
- Paragon Commercial Corp
- Filing Date:
- 2017-02-13
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| BancTenn Corp | 800,125 | 7. | 800,125 | 9. | 800,125 | 14.54% |
Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment
No. )
Under
the Securities Exchange Act of 1934
| | PARAGON
COMMERCIAL CORPORATION | |
| | (Name
of Issuer) | |
| | | |
| | COMMON
STOCK | |
| | (Title
of Class of Securities) | |
| | | |
| | 69911U403 | |
| | (CUSIP
Number) | |
| | | |
| | June
15, 2016 | |
| | (Date
of Event Which Requires Filing of this Statement) | |
| | | |
Check
the appropriate box to designate the rule pursuant to which this
Schedule is filed
| ☐ | Rule
13d-1(b) |
| ☐ | Rule
13d-1(c) |
| ☒ | Rule
13d-1(d) |
The
remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior
cover page.
The
information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
CUSIP
No. 69911U403
| 1. | Names
of Reporting Persons. BancTenn Corp. I.R.S.
Identification Nos. of above persons (entities only).
62-1225291 | |
| 2. | Check
the Appropriate Box if a Member of a Group (See
Instructions) (a)
☐ (b)
☐ | |
| 3. | SEC
Use Only | |
| 4. | Citizenship of
Place of Organization Kingsport,
Tennessee | |
| Number
of Shares Beneficially Owned
by Each Reporting
Person With | 5. | Sole
Voting Power 800,125 |
| 6. | Shared
Voting Power | |
| 7. | Sole
Dispositive Power 800,125 | |
| 8. | Shared
Dispositive Power | |
| 9. | Aggregate Amount
Beneficially Owned by each Reporting Person 800,125 | |
| 10. | Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |
| 11. | Percent of Class
Represented by Amount in Row 9 14.54% | |
| 12. | Type
of Reporting Person (See Instructions) Bank
Holding Company | |
ITEM 1:
(a) Name of Issuer:
Paragon
Commercial Corporation
(b) Address of Issuer’s Principal Executive
Offices:
3535 Glenwood
Avenue
Raleigh, NC
27612
ITEM
2:
(a)
Name of Person Filing:
BancTenn
Corp.
(b)
Address of Principal Business Office or, if None,
Residence:
301 E Center
St.
Kingsport, TN
37660
(c)
Citizenship:
Bank Holding Company
(d)
Title of Class of Securities:
Common Stock
(e)
CUSIP Number:
69911U403
ITEM 3: IF THIS STATEMENT IS FILED PURSUANT TO
§§240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE
PERSON FILING IS A:
| | (a) | ☐ | Broker
or dealer registered under section 15 of the Act (15 U.S.C.
78o); |
| | | | |
| | (b) | ☐ | Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
78c); |
| | | | |
| | (c) | ☐ | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c); |
| | | | |
| | (d) | ☐ | Investment
company registered under section 8 of the Investment Company Act of
1940 (15 U.S.C 80a-8); |
| | | | |
| | (e) | ☐ | An
investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E); |
| | | | |
| | (f) | ☐ | An
employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F); |
| | | | |
| | (g) | ☐ | A
parent holding company or control person in accordance with §
240.13d-1(b)(1)(ii)(G); |
| | | | |
| | (h) | ☐ | A
savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813); |
| | | | |
| | (i) | ☐ | A
church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3); |
| | | | |
| | (j) | ☐ | A
non-U.S. institution, in accordance with
§240.13d-1(b)(1)(ii)(J); |
| | | | |
| | (k) | ☐ | Group,
in accordance with §240.13d-1(b)(1)(ii)(K). |
| | | | If
filing as a non-U.S. institution in accordance with
§240.13d-1(b)(1)(ii)(J), please specify the type of
institution: ___________________________. |
ITEM 4: OWNERSHIP.
(a) Amount beneficially owned:
800,125
(b) Percent of class: 14.54%
(c) Number of shares as to which the person
has:
| | (i) | Sole
power to vote or to direct the vote 800,125 | ||
| | (ii) | Shared
power to vote or to direct the vote | ||
| | (iii) | Sole
power to dispose or to direct the disposition of 800,125 | | |
| | (iv) | Shared power to dispose or to direct the disposition of | | |
ITEM 5: OWNERSHIP OF FIVE PERCENT OR LESS OF A
CLASS.
Not
applicable
ITEM 6: OWNERSHIP OF MORE THAN FIVE PERCENT ON
BEHALF OF ANOTHER PERSON.
Not
applicable
ITEM 7: IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY.
Not
applicable
ITEM 8: IDENTIFICATION AND CLASSIFICATION OF
MEMBERS OF THE GROUP.
Not
applicable
ITEM 9: NOTICE OF DISSOLUTION OF
GROUP.
Not
applicable
ITEM 10: CERTIFICATIONS.
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
| | | | |
| | | | |
| Dated:
February 13, 2017 | By: | /s/
Darla M. Scott, CFO | |
| | | | |
| | | | |