Park National Bank (Ohio)

Park National Bank

File:Park National Bank (Ohio) logo.png
Company type	Subsidiary
Traded as	NYSE: PRK S&P 600 component
Industry	Banking
Area served	Ohio Kentucky North Carolina South Carolina
Net income	$148.4 million (2023)
AUM	$9.9 billion (2023)
Parent	Park National Corporation
Website	www.parknationalbank.com

Park National Corporation

Traded as	Template:AMEX Russell 2000 Component

The Park National Bank serves as the flagship banking institution within the $9.9 billion Park National Corporation (), catering to communities across Ohio, Northern Kentucky, and the Carolinas. It operates in conjunction with affiliates such as Guardian Finance Company, Scope Aircraft Leasing, and SE Property Holdings, LLC. The bank’s headquarters are located in Newark, Ohio.

History

Established in July 1908 under the name The Park National Bank of Newark, the bank adopted the simpler name Park National Bank in 1971 after acquiring The People's State Bank. Later expansions included the acquisitions of The Utica Savings Bank Company in 1973 and The Fairfield National Bank of Lancaster.

During the housing market downturn of the early 2000s, Park National pursued significant growth by acquiring nine banks within a three-year period, including seven in 2008 alone. The acquisition of NewDominion Bank marked its initial expansion into North Carolina. More recently, an affiliate disclosed intentions to broaden its presence into Kentucky.

By acquiring Carolina Alliance Bank, Park National extended its operations into South Carolina. Today, the Park National Family of Banks has a footprint spanning 28 counties in Ohio along with branches in Kentucky, North Carolina, and South Carolina, operating a total of 110 branches throughout Ohio.

In early 2020, all affiliated banks consolidated under the single Park National Bank brand. Chairman and CEO David Trautman highlighted that this unification fosters “smart, steady growth” and improves customer experience by pooling resources. While services and personnel remained consistent, a refreshed logo incorporating elements from affiliate brands was unveiled.

Fairfield National Bank

Acquired in 1985, Fairfield National maintains nine branches with its headquarters situated in downtown Lancaster. Branch locations include Lancaster, Baltimore, Pickerington, and Canal Winchester. Laura Tussing serves as division president.

Park National Bank: Southwest Ohio and Northern Kentucky

Established through the 2005 purchase of First Clermont Bank and Anderson Bank Company, this division comprises eight branches, with Eastgate serving as the primary location. Branches are distributed across Milford, West Chester, Owensville, New Richmond, Eastgate, Ohio Pike, Rookwood, and Anderson. Division president Dave Gooch started his banking career at Park National Bank in Newark. Future growth includes plans to open a new branch in Louisville, Kentucky.

United Bank

United Bank became part of the organization in 2008 and currently operates six branches primarily based in Bucyrus, with additional offices in Galion, Caledonia, and Crestline. The division is overseen by Donald Stone, who also functions as a commercial lender.

First-Knox National Bank

Also acquired in 2008, First-Knox National maintains thirteen branches with its headquarters located in Mount Vernon. Its branches serve communities including Mount Vernon, Fredericktown, Loudonville (previously Farmers and Savings Bank), Millersburg, Centerburg, Mount Gilead, and Danville. Bob Boss serves as the division’s leader.

Richland Bank

Joining the organization in 2008, Richland Bank operates ten branches with its main office situated in Mansfield. Branch locations include Mansfield, Ontario, Lexington, and Shelby. The executive leadership team features President Chris Hiner and Executive Vice President Frank Wagner, who also holds responsibilities as a commercial lender.

Second National Bank

Acquired in 2008, Second National Bank runs six branches with its headquarters in Greenville and additional branches in Versailles and Ft. Recovery. John Swallow leads this division; he began his tenure with the company in Newark, Ohio.

Security National Bank

Security National Bank and Trust Company joined the group in 2001 and manages eighteen branches primarily serving Champaign, Clark, and Greene Counties. Its central branch is located in Downtown Springfield. Under the presidency of John Brown, this affiliate boasts the largest branch network outside of the core Park National Bank.

Unity National Bank

Unity National Bank originated from an investment made in Citizens National Bank of Urbana in 2008. It operates six branches centered around Piqua, Troy, and Tipp City. Led by President Scott Rasor, it represents the smallest affiliate within the Park National family.

Century National Bank

Acquired in 2008, Century National Bank oversees eighteen branches focused around Zanesville, Dresden, New Concord, New Lexington, and Coshocton. The division is managed by President Pat Nash. While it matches Security National’s branch count, its locations are more concentrated geographically.