Mr. Hatley retired from TowneBank in 2019. He had served as President of TowneBank North Carolina since January 2018, when Paragon Commercial Corporation ("Paragon") and its wholly owned subsidiary, Paragon Commercial Bank ("Paragon Bank"), were merged into TowneBank. Previously, he served as President, CEO, and a director of Paragon and Paragon Bank since 1998. Mr. Hatley founded Paragon in 1998 and has a total of over 40 years of banking experience.