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Park National
Park National

+11.64%

Financial services / Community banking and financial services

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Company at a Glance

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Overview
Park National Corporation is a financial institution founded in 1908 and headquartered in Newark, Ohio. The company operates as the bank holding company for Park National Bank and several other subsidiaries. Park National Bank offers personalized banking services to individuals and businesses through its network of 120 community banking offices in Ohio, Kentucky, and Florida.
The company prides itself on being a community-focused institution, with a strong emphasis on customer service and local decision-making. It offers a variety of banking and financial services, including checking and savings accounts, loans, mortgages, and investment services.
In addition to its banking operations, Park National also has several subsidiaries that offer insurance, wealth management, and other financial services. These subsidiaries include Vision Bancshares, Inc., Guardian Financial Services Company, Ritter Insurance Marketing, and a majority ownership in SE Property Holdings, LLC.
Park National Corporation is publicly traded on the New York Stock Exchange under the ticker symbol PRK. As of 2020, the company had total assets of approximately $12 billion and employed over 2,000 individuals.
Overall, Park National prides itself on its commitment to serving the communities in which it operates and providing personalized and high-quality financial services to its customers.
What is special about the company?
There are several aspects that make Park National company unique and special:
1. History of longevity: The company was founded in 1908 and has been in operation for over a century, showcasing its stability and success in the financial industry.
2. Community-oriented approach: The company has a strong focus on serving its local communities, with each branch being deeply involved in local events and charitable initiatives.
3. Family-owned and operated: Park National is still a family-owned and operated company, which sets it apart from larger, corporate-owned banks. This has allowed the company to maintain a personal touch and connection with its customers.
4. Strong financial performance: Park National has consistently shown strong financial performance, even during economic downturns, which reflects its solid business model and management strategies.
5. Diverse services: The company offers a diverse range of financial services, including personal and business banking, trust and investment services, mortgage and consumer lending, and insurance products.
6. Commitment to employee development: Park National has a strong commitment to employee development and offers various training and development programs to help its employees grow and advance in their careers.
7. Support for sustainability: The company has a strong focus on sustainable and responsible business practices, including promoting environmentally-friendly initiatives and investing in green technology.
8. Technology-driven approach: Park National has embraced technology in its operations, offering convenient and secure digital banking services to its customers.
9. Strong corporate culture: The company has a strong corporate culture focused on ethical and responsible business practices, teamwork, and customer service.
10. Growth and expansion: Despite being a regional bank, Park National has expanded its operations beyond its original market and now has a presence in several states, highlighting its growth and success as a company.
What the company's business model?
The Park National company’s business model is primarily based on banking and financial services. They offer a range of products such as checking and saving accounts, loans, credit cards, and investment services to individuals and businesses. They also provide trust services, insurance, and wealth management services. The company focuses on building strong relationships with customers and providing personalized services. They also prioritize community involvement and support local businesses in the areas they serve. Additionally, the company operates multiple subsidiary banks within its geographic footprint, which allows for efficient services and localized decision-making.
Interesting facts about the company
1. The company was founded in 1908 in Newark, Ohio, by Edward Samuel Ed Booth, Sr. and Edward Amos Early Johnson, two local businessmen.
2. At the time of its founding, the company was called the National Bank Note Company, and its main focus was printing currency for local and regional banks.
3. The company changed its name to Park National Bank in 1923, and expanded its services to include commercial banking.
4. In 1945, Park National Bank became a publicly traded company on the American Stock Exchange.
5. The company is still headquartered in Newark, Ohio, and remains locally owned and operated.
6. Park National Bank was the first bank in Ohio to offer online banking services in 1999.
7. The company has 11 community bank divisions in Ohio and Kentucky, with more than 150 branches and over 3,000 employees.
8. In 2020, Park National Corporation was named one of America’s Top 50 Most Trustworthy Financial Companies by Forbes.
9. The corporation has been recognized multiple times as a top-performing bank in the nation by the American Bankers Association (ABA).
10. In addition to its banking services, Park National Corporation also offers investment and trust services through its subsidiary, SEI Private Trust Company.
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