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Park National Bank (Ohio)
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Park National Bank (Ohio)
The Park National Bank is the lead bank in the $9.9 billion Park National Corporation serving Ohio, Northern Kentucky, and the Carolinas. The bank has three affiliate financial institutions, including Guardian Finance Company, Scope Aircraft Leasing, and SE Property Holdings, LLC. Park National Bank is headquartered in Newark, Ohio.
Park National Bank was founded in July 1908 under the name The Park National Bank of Newark. The organization changed its name to Park National Bank in 1971 shortly after acquiring The People's State Bank. The company then acquired The Utica Savings Bank Company in 1973, followed by The Fairfield National Bank of Lancaster.
During the housing crisis of the early 2000s, Park National acquired nine other banks in a three year period. Most of these acquisitions happened within the 2008 fiscal year, which was the peak of the crisis. The company managed to acquire seven different banks in 2008. The next acquisition for the corporation was NewDominion Bank, which brought Park National into the North Carolina area. One of their affiliates has also recently announced plans to build a location in Kentucky.
Carolina Alliance Bank was the latest bank to join the organization expanding the region into South Carolina. The Park National Family of Banks is now operating in 28 counties in Ohio, one in Kentucky, one in North Carolina, and two in South Carolina. There are 110 branches located in Ohio.
At the beginning of 2020, Park National Bank changed the names of all affiliate banks to Park National Bank. Chairman and CEO, David Trautman, reported that unifying the various affiliates under one name allows for 'smart, steady growth, with expanded resources to better serve the customers'. Services and employees did not change, however a new, more modern, logo was chosen using colors from some of the affiliate bank's brands.
This affiliate started with the acquisition of The Fairfield National Bank of Lancaster in 1985. Fairfield National has nine branches, the main branch is in downtown Lancaster. They have locations in Lancaster, Baltimore, Pickerington, and Canal Winchester. The president of this division is Laura Tussing.
This affiliate started with the acquisition of First Clermont Bank and Anderson Bank Company in 2005. Park National Bank Southwest Ohio & Northern Kentucky has eight branches; with Eastgate being classified as the main branch. They have locations in Milford, West Chester, Owensville, New Richmond, Eastgate, Ohio pike, Rookwood, and Anderson. The president of this division is Dave Gooch who started off with the company in Newark, Ohio (Park National Bank division). Park National Bank Southwest Ohio and Northern Kentucky is currently expanding with plans of adding a new branch in Louisville Kentucky.
This affiliate started with the acquisition of United Bank, National Association in 2008. United Bank has six branches, the main branch is in Bucyrus. They have locations in Bucyrus, Galion, Caledonia, and Crestline. The president of this division is Donald Stone, who doubles as a commercial lender as well.
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Park National Bank (Ohio)
The Park National Bank is the lead bank in the $9.9 billion Park National Corporation serving Ohio, Northern Kentucky, and the Carolinas. The bank has three affiliate financial institutions, including Guardian Finance Company, Scope Aircraft Leasing, and SE Property Holdings, LLC. Park National Bank is headquartered in Newark, Ohio.
Park National Bank was founded in July 1908 under the name The Park National Bank of Newark. The organization changed its name to Park National Bank in 1971 shortly after acquiring The People's State Bank. The company then acquired The Utica Savings Bank Company in 1973, followed by The Fairfield National Bank of Lancaster.
During the housing crisis of the early 2000s, Park National acquired nine other banks in a three year period. Most of these acquisitions happened within the 2008 fiscal year, which was the peak of the crisis. The company managed to acquire seven different banks in 2008. The next acquisition for the corporation was NewDominion Bank, which brought Park National into the North Carolina area. One of their affiliates has also recently announced plans to build a location in Kentucky.
Carolina Alliance Bank was the latest bank to join the organization expanding the region into South Carolina. The Park National Family of Banks is now operating in 28 counties in Ohio, one in Kentucky, one in North Carolina, and two in South Carolina. There are 110 branches located in Ohio.
At the beginning of 2020, Park National Bank changed the names of all affiliate banks to Park National Bank. Chairman and CEO, David Trautman, reported that unifying the various affiliates under one name allows for 'smart, steady growth, with expanded resources to better serve the customers'. Services and employees did not change, however a new, more modern, logo was chosen using colors from some of the affiliate bank's brands.
This affiliate started with the acquisition of The Fairfield National Bank of Lancaster in 1985. Fairfield National has nine branches, the main branch is in downtown Lancaster. They have locations in Lancaster, Baltimore, Pickerington, and Canal Winchester. The president of this division is Laura Tussing.
This affiliate started with the acquisition of First Clermont Bank and Anderson Bank Company in 2005. Park National Bank Southwest Ohio & Northern Kentucky has eight branches; with Eastgate being classified as the main branch. They have locations in Milford, West Chester, Owensville, New Richmond, Eastgate, Ohio pike, Rookwood, and Anderson. The president of this division is Dave Gooch who started off with the company in Newark, Ohio (Park National Bank division). Park National Bank Southwest Ohio and Northern Kentucky is currently expanding with plans of adding a new branch in Louisville Kentucky.
This affiliate started with the acquisition of United Bank, National Association in 2008. United Bank has six branches, the main branch is in Bucyrus. They have locations in Bucyrus, Galion, Caledonia, and Crestline. The president of this division is Donald Stone, who doubles as a commercial lender as well.