Park National Corporation
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- Park National Corporation (NYSE American: PRK), a diversified financial holding company headquartered in Newark, Ohio and founded in 1908, serves retail and commercial customers through its primary subsidiary Park National Bank and additional non-bank and specialty finance operations. The company provides a comprehensive range of banking products and services including demand, savings and time deposit accounts; commercial, real estate, consumer and residential mortgage loans; trust and wealth management services; cash management solutions; safe deposit boxes; debit and credit cards; electronic funds transfers; internet and mobile banking with bill pay; and brokerage and investment advisory offerings. Park operates approximately 87 banking offices and 108 ATMs across Ohio, Kentucky, North Carolina and South Carolina, maintaining a community-focused model with localized decision-making while managing $9.9 billion in total assets, $8.1 billion in deposits and $8.8 billion in trust assets as of late 2024. In a significant strategic expansion announced on October 27, 2025, Park National Corporation entered a definitive all-stock merger agreement to acquire First Citizens Bancshares Inc. (OTCEM: FIZN) for approximately $317 million, creating a combined entity with pro forma total assets of $12.5 billion, $10.5 billion in deposits and over 100 branches across Ohio, Kentucky, the Carolinas and Tennessee. The transaction, expected to be 15% accretive to 2026 earnings per share excluding merger charges, enhances Park's lending capacity and market scale while aligning with its cultural emphasis on community relationships. This follows prior growth initiatives including the 2023 merger with Horizon Bancorp Inc., which expanded operations into Indiana and Michigan, underscoring Park's ongoing pursuit of accretive acquisitions to broaden its regional footprint.
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