The Park National Bank is headquartered in Newark and is the 8th largest bank in the state of Ohio. It is also the 159th largest bank in the nation. It was established in 1908 and as of June of 2017, it had grown to 1,738 employees at 113 locations. The Park National Bank has a B+ health rating.
I have been a customer of Park National Bank for several years. When I was a child, they were my first bank account. When I became an adult, they held my first checking account. I have had CDs held by them and I have had loans from them. This bank seeks to provide excellent service to their local customers. I have never felt anything but welcomed through their doors and I have appreciated every interaction with the employees of Park National. I find that their rates are generally competitive with the larger banks in the area, but the personal aspect of banking locally may give them an edge.
I will say they are falling behind in the world of on-line banking. I have accounts at a couple large national chains, and their on-line interface is far superior than what Park National has produced locally. Having said that, most of the advantage is aesthetic and related to efficiency. The general functionality of the online services is comparable.
In all, this is a bank that I have used many products from, and have been happy with their offers and their employees.
|FDIC Certificate #||6653|
|Return on Assets - YTD||1.09%|
|Return on Equity - YTD||14.02%|
|Annual Interest Income||$135.7MM|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$7.76B$7.37B|
|Loans||Q2 2017vs Q2 2016||$5.28B$5.03B|
|Deposits||Q2 2017vs Q2 2016||$6.04B$5.73B|
|Equity Capital||Q2 2017vs Q2 2016||$602.0MM$593.5MM|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$51.7MM$56.3MM|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$79.5MM$97.5MM|
|Real Estate Owned||Q2 2017vs Q2 2016||$7.1MM$7.0MM|
Sorry, we do not have rate data for The Park National Bank.