Paramount Bank Announces Availability of Wealth Management and Investment Services

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Farmington Hills, Mich., April 1, 2010 – Locally-based Paramount Bank today announced it has added Paramount Wealth Advisors, a new wealth management and investment services division.

“In today’s challenging market, we feel it is more important than ever to provide our clients access to professional financial services and a broad range of investment products to help them achieve their financial dreams,” said Mike Maher, President and CEO Paramount Bank.

Paramount Wealth Advisors can develop a comprehensive financial plan aimed at managing risks while potentially maximizing returns. Taking into account clients’ short and long-term goals, financial situation, time horizon and risk tolerance, Paramount Wealth Advisors tailor options to help clients:

  • Manage wealth
  • Plan for retirement
  • Assist with investments
  • Plan for an education
  • Determine insurance needs
  • Develop an estate plan

Paramount Wealth Advisors can also assist business owners with their needs, such as; business succession planning, employee retirement plans, deferred compensation planning and more.

Paramount Wealth Advisory services are available through all Paramount full-service branch locations including Birmingham, Clinton Township, Farmington Hills and Ferndale. Customers can also request information or an appointment by calling 248-538-2242, or by going to www.paramountbank.com.

“As a community bank, we are very committed to providing our clients access to the products and services that are important to them and their future,” continued Maher. “We’re pleased to be able to introduce Paramount Wealth Advisors to our Paramount communities.”

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 client. Paramount offers a full-range of banking services including Wealth Management Advisors and commercial and residential lending, through its full-service branch locations in Birmingham, Clinton Township, Farmington Hills and Ferndale. In addition, the bank has two mortgage lending centers in Birmingham and Rochester. For more information, visit www.paramountbank.com or call (800) 421- BANK.

Investment Centers of America, Inc. (ICA), member FINRA/SIPC and a Registered Investment Advisor, is not affiliated with Paramount Bank or Paramount Wealth Advisors. Securities, advisory services and insurance products offered through ICA and affiliated insurance agencies are *not insured by the FDIC or any other Federal Government agency *not a deposit or other obligation of, guaranteed by any bank or their affiliates *subject to risks including the possible loss of principal amount invested.

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