Park National

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.

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

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

• Community banking services
• Commercial lending
• Wealth management services
• Consumer deposit products
• Trust services

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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

Core 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

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• First Citizens Bancshares, Inc.coreStrategic or Co-development Partner · 1 February 2026All-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

Broad 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

• Xx.com/ParkNationalBnk
• Facebookfacebook.com/ParkNationalBnk

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Park National