Park National
Park National Corporation is a $13 billion-asset bank holding company operating 112 branches and 152 ATMs across Ohio, Kentucky, North Carolina, South Carolina, and Tennessee, providing commercial and consumer banking, lending, and trust services to individuals, families, and small-to-mid-sized businesses.
- Company typePublic
- Founded1987
- HeadquartersNewark, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Park National does
Park National Corporation is a $13.0 billion-asset bank holding company headquartered in Newark, Ohio, operating through its primary subsidiary The Park National Bank and a small portfolio of non-bank subsidiaries including Scope Aircraft Finance. The company provides community-focused commercial and consumer banking, wealth management, and trust services to individuals, families, and small-to-mid-sized businesses across Ohio, Kentucky, North Carolina, South Carolina, and Tennessee via a network of 112 branches and 152 ATMs, supplemented by online and mobile banking platforms. Revenue is generated principally through net interest income on a $9.7 billion loan portfolio (Q1 2026 net interest margin of 4.80%) supplemented by fee-based income from fiduciary activities, deposit account service charges, and debit card fees; Q1 2026 net interest income was $125.78 million against total other income of $33.7 million, of which $12.3 million came from fiduciary activities.
The company completed a transformational all-stock merger with First Citizens Bancshares, Inc. on February 1, 2026 valued at approximately $317 million, extending Park into Tennessee and roughly doubling its deposit and loan base to $10.5 billion and $9.6 billion respectively on a pro forma basis. Go-to-market is relationship-driven through physical branches, supplemented by dedicated commercial banking teams and digital channels, with no evidence of subscription-style pricing. Park is publicly traded on NYSE American under ticker PRK, has paid dividends for 40 consecutive years, and maintains a roughly 3.2% dividend yield against a market capitalization of approximately $3.23 billion (June 2026). Leadership transitioned from longtime CEO David L. Trautman to Matthew R. Miller in January 2026, with former First Citizens CEO Jeffrey D. Agee joining the board and leading the new Tennessee Region.
Park National firmographics
Firmographics- Name
- Park National
- Legal name
- Park National Corporation
- Website
- https://investor.parknationalcorp.com
- Company type
- Public
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Park National Corporation is a $13 billion-asset bank holding company operating 112 branches and 152 ATMs across Ohio, Kentucky, North Carolina, South Carolina, and Tennessee, providing commercial and consumer banking, lending, and trust services to individuals, families, and small-to-mid-sized businesses.
- Ownership category
- akta.pro rank
Park National industry classification
Industry- Product category
- Retail Banking
- NAICS
- Offices of Bank Holding Companies (551111), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL)
Keywords
Where Park National is headquartered
LocationHeadquarters
- HQ city
- Newark
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Park National business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from loan portfolio (primarily commercial loans, real estate loans, and consumer loans) minus interest paid on deposits. Represents the primary revenue stream, generating $125.8 million in Q1 2026. Net interest margin of 4.80% as of Q1 2026.
- Fee-based Income: Non-interest income from fiduciary activities (wealth management, trust services generating $12.3M in Q1 2026), service charges on deposit accounts, debit card fees, and other banking services. Total other income of $33.7 million in Q1 2026.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Park National product offering
Product offeringCore offering
Park National Corporation operates a regional community banking franchise through its primary subsidiary, The Park National Bank, providing deposit accounts, consumer and commercial loans, mortgage lending, and trust and wealth management services to individuals, families, and businesses across Ohio, Kentucky, North Carolina, South Carolina, and Tennessee via 112 branch offices and 152 ATMs. It also offers aircraft financing through its non-bank subsidiary Scope Aircraft Finance and operates digital banking channels for online and mobile account access.
Product overview
Park National Corporation is a bank holding company operating as a single unified banking organization with multiple non-bank subsidiaries. The core product is Park National Bank, which provides community-focused banking services including deposits, loans, and trust services. Non-bank subsidiaries include Scope Aircraft Finance (aircraft financing), Park Investments, Park National Holdings, SE Property Holdings, and acquired entities First Citizens Properties and First Citizens Risk Management from the First Citizens Bancshares merger. The company offers banking services across five states through 112 offices and 152 ATMs.
Differentiator
Problem solved
Functional benefit
Products and services
- Park National Bank
- Scope Aircraft Finance
- Trust and Wealth Management Services
- Digital Banking Platform
- Commercial and Business Banking
- Consumer Lending and Mortgage Products
Quantifiable outcome
- Net income of $180.1 million in 2025, an 18.9% increase year-over-year
- +2 more outcomes
Companies that use Park National
Customer profileSegments3 records
Ideal customer profiles3 records
Park National technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Park National partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- First Citizens Bancshares, Inc.coreAll-stock merger transaction completed February 1, 2026 combining Park National Bank with First Citizens National Bank. The merger extended Park's presence into Tennessee, creating a combined entity with $12.6 billion in assets, $10.5 billion in deposits, and $9.6 billion in loans. First Citizens National Bank operates as a division of Park National Bank until system conversion is complete later in 2026. Former First Citizens CEO Jeffrey D. Agee joined Park's Board of Directors and leads the new Tennessee Region.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
Park National competitors and assessment
Company assessmentBroad incumbents
- Huntington Bancshares Incorporated: Large Midwest regional bank holding company (~$200B assets) headquartered in Columbus, Ohio, with significant Ohio, Michigan, and adjacent state presence. Same core Ohio market but at much larger scale—serves as both direct competitor and aspirational scale benchmark for Park.
- Commerce Bancshares, Inc. Missouri-based super-community bank holding company (~$30B assets) operating across multiple states. Comparable community banking philosophy and conservative growth strategy, but at a larger, more diversified scale than Park.
Direct peers
- Pinnacle Financial Partners: Tennessee-headquartered bank holding company (~$15B assets) with significant presence across Tennessee, NC, SC, and VA—directly competing in the same post-merger geographies as Park. Comparable commercial banking model and active acquirer in Southeast regional banking consolidation.
- First Merchants Corporation: Indiana-based bank holding company of comparable size (~$18B assets) operating commercial banking, wealth management, and treasury services across the Midwest. Directly comparable as a multi-state regional bank holding company with similar community banking focus and parallel M&A-driven growth strategy.
- United Community Banks, Inc. Southeast-focused regional bank holding company (~$27B assets) with strong presence in Carolinas, Georgia, and Tennessee—directly overlapping with Park's NC, SC, and Tennessee markets post-First Citizens merger. Comparable scale, similar commercial/retail banking model, and active M&A acquirer.
- WesBanco, Inc. Multi-state bank holding company (~$15B assets) headquartered in Wheeling, WV with branches across WV, OH, PA, KY, and similar adjacent geographies. Direct peer with overlapping Ohio/Kentucky markets, similar deposit gathering model, and comparable community banking value proposition.
- First Financial Bancorp: Ohio-headquartered bank holding company (~$16B assets) with overlapping Ohio, Indiana, and Kentucky markets. Direct competitor in core Ohio deposit markets with parallel community banking focus and commercial lending emphasis.
- Trustmark Corporation: Mississippi-based bank holding company (~$18B assets) operating across the Southeast including Tennessee. Direct comparable with similar community banking footprint, wealth management franchise, and parallel public company governance structure.
- Tompkins Financial Corporation: New York-based bank holding company (~$8B assets) operating community banks across NY, PA, and CT. Similar scale, comparable fee income mix from wealth management, and parallel strategy of acquiring smaller community banks to build scale.
- S&T Bancorp, Inc. Pennsylvania-based bank holding company with ~$9B in assets serving western Pennsylvania through community banking. Comparable regional commercial bank with similar loan portfolio mix, wealth management franchise, and mid-cap public company profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Park National social profiles
Digital presencePark National financial estimates
Financial estimateRevenue estimate
Valuation estimate
Park National leadership team
Management profileNumber of profiles
Profiles3 records
Park National subsidiaries and ownership
Company hierarchySubsidiaries7 records
Park National funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Park National M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Park National
What does Park National do?
Park National Corporation operates a regional community banking franchise through its primary subsidiary, The Park National Bank, providing deposit accounts, consumer and commercial loans, mortgage lending, and trust and wealth management services to individuals, families, and businesses across Ohio, Kentucky, North Carolina, South Carolina, and Tennessee via 112 branch offices and 152 ATMs. It also offers aircraft financing through its non-bank subsidiary Scope Aircraft Finance and operates digital banking channels for online and mobile account access.
Is Park National a public or private company?
Park National is a public company. It is classified as public and is currently operating.
When was Park National founded?
Park National was founded in 1987. It employs 1,001 to 5,000 people.
Where is Park National based?
Park National is headquartered in Newark, United States, in the North America region.
How does Park National make money?
Two revenue lines are on record. Net Interest Income is the primary driver. The others are fee-based Income.
Who are Park National's main competitors?
Broad incumbents on record are Huntington Bancshares Incorporated and Commerce Bancshares, Inc.. Direct peers are Pinnacle Financial Partners, First Merchants Corporation, United Community Banks, Inc., WesBanco, Inc., First Financial Bancorp, Trustmark Corporation, Tompkins Financial Corporation and S&T Bancorp, Inc..
Does Park National have an API?
No public API is recorded for Park National.
What industry is Park National in?
Park National's product category is Retail Banking. Its primary akta.pro industry code is FSABAKAL, Public Sector Retail Banks (State-Owned Commercial Banks). Its NAICS code is 551111 and its SIC code is 6021.