Paragon Commercial DRS Draft registration statement

Exhibit 21.1

SUBSIDIARIES OF

PARAGON COMMERCIAL CORPORATION

Paragon Commercial Bank

(North Carolina Chartered Banking Corporation)

Paragon Commercial Capital Trust I

(Delaware Statutory Trust)

Paragon Commercial Capital Trust II

(Delaware Statutory Trust)

SUBSIDIARIES OF

PARAGON COMMERCIAL BANK

Mayberry Real Estate Holdings, LLC

(North Carolina Limited Liability Company)

PCB Trustee, Inc.

(Virginia Corporation)