Park National Corporation Common Stock
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About
Park National Corporation Common Stock (PRK) is the bank holding company for Park National Bank, which provides commercial banking and trust services in small and medium population areas of the United States. Founded in 1908 and headquartered in Newark, Ohio, it is best known as a community-focused regional bank serving individuals, businesses, and local markets.
On the deposit side, the company offers demand, savings, and time accounts, along with cash management services, safe deposit operations, and electronic funds transfers. It provides internet and mobile banking with bill pay, credit cards, and a personal banking application called ParkDirect. It also delivers trust and wealth management services for customers seeking help managing their assets.
Lending is a core part of the business. The company makes commercial loans that finance industrial and commercial properties, equipment, inventory and accounts receivable, acquisitions, and commercial leasing, and it lends to consumer finance companies. It provides commercial real estate loans, including mortgages to developers and owners of commercial property, and originates financing leases for commercial vehicles, operating and manufacturing equipment, and municipal vehicles and equipment. For individuals, it offers automobile, recreational vehicle, and watercraft loans, consumer finance services, home equity lines of credit, residential real estate and construction loans, and installment loans. It also offers aircraft financing.
By combining deposits, trust and wealth management, and a broad range of consumer and commercial lending, Park National Corporation earns money largely from interest on loans and from fees for its services. Its long history since 1908 and its focus on smaller communities shape its role as a regional bank rooted in Ohio and surrounding markets.