Park National Corporation (PAZ)

Overview

Park National Corporation is a banking institution with a rich history dating back to 1908, firmly rooted in Newark, Ohio. It stands as a bank holding company for Park National Bank, which caters to commercial banking and trust services predominantly in regions characterized by small to medium-sized populations. This corporation has built a reputation for providing a wide spectrum of financial products and services tailored to meet the varied needs of its clientele, including individual consumers, businesses, and other organizations seeking efficient and reliable banking solutions.

Products and Services

• Depository Services:
  

  Provides a secure home for customer deposits, offering options for demand, savings, and time accounts. This service ensures flexible and accessible banking for individuals and businesses alike.

• Trust and Wealth Management Services:
  

  Focuses on the long-term financial security and wealth building of clients, offering bespoke trust and wealth management solutions.

• Cash Management Services:
  

  Delivers comprehensive solutions designed to optimize the cash flow of businesses, ensuring effective management of their financial operations.

• Safe Deposit Operations:
  

  Provides customers with a secure environment for the storage of valuable documents and items, protecting their assets from potential threats.

• Electronic Funds Transfers:
  

  Enables the quick and secure transfer of funds electronically, facilitating efficient transactions for both individual and business clients.

• Internet and Mobile Banking Solutions with Bill Pay Service:
  

  Offers modern and convenient online and mobile banking platforms, complete with bill pay services to ensure easy and accessible banking anywhere, anytime.

• Credit Cards:
  

  Provides a range of credit card options to meet the financial needs and preferences of various customers, enabling convenient transactions and financial flexibility.

• Commercial and Consumer Loans:
  

  Offers various loan products, including commercial loans for businesses for various purposes such as equipment financing, inventory, and acquisition financing, and consumer loans for individuals, including auto loans and home equity lines of credit.

• Commercial Real Estate Loans:
  

  Specializes in mortgage loans for developers and owners of commercial real estate, facilitating the acquisition, construction, and improvement of commercial properties.

• Financing Leases:
  

  Provides leasing options for the purchase of commercial, municipal vehicles/equipment, and operating/manufacturing equipment, offering an alternative financing solution for businesses.

• Residential Real Estate and Construction Loans:
  

  Offers loans for the purchase, construction, and renovation of residential properties, supporting individuals and families in realizing their housing dreams.

• Aircraft Financing Services:
  

  Caters to the specific financial needs of clients requiring aircraft financing, providing tailored solutions for the acquisition of personal or commercial aircraft.

• ParkDirect:
  

  A personal banking application that offers users a user-friendly platform for managing their finances, further enhancing the convenience and accessibility of the bank's services.