Tuesday, September 22, 2015

Park National Corporation: The Parent Business of the Park National Bank

Despite the changing landscapes of the financial markets, Park National Corporation continues to deliver exceptional service to their clients and business partners. The company is a holding venture of the Park National Bank, a community bank that offers a wide range of financial products and services for more than a century now.

It was in March 1992 that Park National Corporation was incorporated. Through its operating subsidiary, the company engages in community banking and provides solid financial solutions to small and medium-sized businesses in the state of Ohio. For years, the bank has been a trusted partner to customers, businesses and institutions in the area it serves. It offers savings and depository products and services and as well as a range of lending activities.

There are currently 116 banking offices that the business owns and operates. These facilities are located in 28 counties in the state and as well as one located in Kentucky. In addition to its lending, depository and savings products, the company is also engaged in investments. They have securities that are categorized as available-for-sale. The pooled deposits and savings of the company continue to fuel its lending activities. As of December 2014, the largest portion of its lending activities is their commercial loans which sum up to more than $1.9 billion. As a trusted financial partner, the company also offers its strong knowledge in managing finances to better help their clients reach their financial goals.

As of December 2014, the company has total deposits amounting to more than $5.08 billion. In addition to this amount, the company has access to the Federal Home Loan Bank to finance its quick release of loans and other financial activities. It is in Newark, Ohio that the company holds  its corporate office. The business remains publicly traded on the American Stock Exchange, using the symbol PRK.

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