Park National Bank

What Park National Bank does

Park National Bank is the core operating subsidiary of Park National Corporation, a publicly traded bank holding company founded in 1908 and headquartered in Newark, Ohio. The bank provides traditional retail and commercial banking services — including checking accounts, savings accounts, personal loans, and online banking — to individual consumers and businesses across a multi-state footprint in the Midwest and Southeast United States. Its core technology stack and digital platform architecture are not disclosed in available sources; the bank operates primarily through a physical branch-based distribution model supported by standard online banking channels.

The company generates revenue primarily through traditional banking streams: net interest income on its loan portfolio, fee income from deposit and transaction services, and ancillary services typical of a regional bank (potentially including wealth management or trust). Pricing on deposit accounts, loan products, and service fees is not publicly disclosed, reflecting the standardized nature of community-banking product offerings. The go-to-market motion is enterprise field sales through branches, with no disclosed digital-led acquisition channels or specialized product lines.

Park is in the middle of a multi-state expansion strategy, having previously entered Kentucky, North Carolina, and South Carolina. In November 2025, Park National Corporation announced a definitive agreement to acquire First Citizens Bancshares, Inc. (Dyersburg, Tennessee) in an all-stock transaction valued at approximately $317 million (1.68x tangible book value), expected to close in Q1 2026. The merger adds 24 First Citizens branches across Memphis, Nashville, Chattanooga, and Cleveland, growing the combined entity to approximately $12.7 billion in assets, $9.5 billion in loans, and $10.4 billion in deposits, and pushing Park across the $10 billion regulatory asset threshold. KBRA characterized the deal multiple as aligned with Park's growth objectives, supporting a disciplined, M&A-driven growth trajectory anchored in regional banking consolidation.

Name

Park National Bank

Legal name

Park National Corporation

Website

https://parknatl.com

Company type

Public

Founded year

1908

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Park National Bank is a traditional regional bank founded in 1908 and headquartered in Newark, Ohio, serving individual consumers and businesses across Ohio, Kentucky, the Carolinas, and (pending) Tennessee through branch-based retail and commercial banking services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

Keywords

• Retail banking services
• Commercial banking services
• Consumer deposit accounts
• Personal lending services
• Online banking services

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices6 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. Banking Services: Traditional banking revenue including interest income from loans, fee income from banking services, and potentially wealth management or trust services typical of regional banks.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Park National Bank provides traditional retail and commercial banking products to individual consumers and businesses in Ohio and the broader Southeast U.S. The bank's core offerings include checking accounts, savings accounts, personal loans, and online banking services, delivered through a regional branch network. Revenue is generated primarily through interest income on loans, deposit account fees, and related banking service fees.

Product overview

No product and services information is available in the provided source data. The sources do not contain information about Park National Bank's digital banking products, financial services offerings, or technology platform details.

Differentiator

Problem solved

Functional benefit

Products and services

• Checking Accounts Deposit accounts for individual consumers and businesses, used for day-to-day transactions, bill payments, and fund custody. A standard retail and commercial banking product offered through the branch network.
• Savings Accounts Interest-bearing deposit accounts for individual consumers and businesses, designed for fund accumulation and reserve savings as part of the bank's deposit product suite.
• Personal Loans Loan products extended to individual consumers for personal financing needs, providing interest income revenue for the bank.
• Online Banking Services Digital banking channel enabling customers to access account information, conduct transactions, and manage deposits and loans remotely, supplementing the branch-based service model.

Segments1 record

Ideal customer profiles2 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 · 4 November 2025Park National Corporation announced definitive agreement to acquire First Citizens Bancshares, Inc. in an all-stock transaction valued at approximately $317 million (1.68x tangible book value), with expected closing in Q1 2026. The merger will expand Park's footprint into Tennessee through First Citizens' 24 branches in Memphis, Nashville, Chattanooga, and Cleveland.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• WesBanco, Inc. Multi-state regional bank holding company headquartered in Wheeling, WV with a comparable Midwest/Southeast branch network. WesBanco's deposit-gathering, commercial lending, and M&A-driven growth strategy closely mirrors Park National's approach at similar asset size.
• S&T Bancorp, Inc. Pennsylvania-based regional bank holding company with comparable asset size and community banking focus. S&T offers similar full-service consumer and commercial banking products and competes in adjacent Mid-Atlantic/Midwest markets.
• First Citizens BancShares, Inc. Park's pending acquisition target, but as an independent comparable — a Tennessee-headquartered regional bank with branch distribution across Memphis, Nashville, Chattanooga, and Cleveland. Highly relevant for assessing the deal economics and integration profile.
• Tompkins Financial Corporation: New York-based community-oriented regional bank with similar asset size, full-service consumer/commercial offerings, and multi-county branch footprint in the Northeast. Comparable as a small-cap public regional banking franchise.
• Glacier Bancorp, Inc. Montana-headquartered regional bank holding company with a multi-state Western branch network and serial acquisition strategy. Glacier's M&A-driven expansion model is highly analogous to Park's Southeast expansion playbook.
• Trustmark Corporation: Mississippi-based regional bank holding company of comparable scale with multi-state branch distribution across the Southeast. Direct overlap in commercial lending, deposit gathering, and small-business banking markets.
• Independent Bank Group, Inc. Texas-headquartered regional bank holding company of similar asset size pursuing community banking expansion through acquisitions. Comparable as a growth-oriented regional peer with overlapping commercial banking economics.

Broad incumbents

• Pinnacle Financial Partners, Inc. Larger Tennessee-headquartered regional bank with deeper Southeast presence and a stronger commercial banking franchise. Operates in overlapping Tennessee markets and represents a larger incumbent competitor to the combined Park/First Citizens entity.
• Wintrust Financial Corporation: Larger Chicago-based specialty and community banking franchise with significant branch network and broader product set. Operates an analogous community-bank acquisition strategy and competes for similar commercial and consumer customers in the Midwest.
• UMB Financial Corporation: Mid-sized diversified bank holding company with stronger commercial, treasury, and asset management capabilities. Provides a benchmark for the product diversification Park may pursue after crossing the $10B regulatory threshold.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/park-national-bank

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Park National Bank