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Park National Corporation (PRK) is a financial holding company headquartered in Newark, Ohio, primarily engaged in banking and financial services. Through its subsidiary, The Park National Bank, PRK provides a wide range of financial products and services to individuals and businesses, including lending, deposit accounts, and investment management. The company also operates additional subsidiaries focused on aircraft financing, property management, and other financial services.
- Banking Services - Offers lending and deposit solutions, including personal and business loans, savings accounts, and checking accounts, through its subsidiary, The Park National Bank.
- Fiduciary Activities - Provides trust and investment management services, including personal trust accounts, employee benefit accounts, and investment advisory services.
- Personal Trust and Agency Accounts - Manages personal trusts and agency accounts for clients.
- Employee Benefit and Retirement Accounts - Administers retirement-related accounts for businesses and individuals.
- Investment Management and Advisory Accounts - Offers investment management and advisory services.
- Service Charges on Deposit Accounts - Generates income from non-sufficient funds (NSF) fees, demand deposit account (DDA) charges, and other service-related fees.
- Other Service Income - Includes revenue from credit card fees, home equity lines of credit (HELOC), installment loans, real estate loans, commercial loans, and debit card fee income.
- Bank Owned Life Insurance Income - Earns income from life insurance policies owned by the bank.
- ATM Fees - Collects fees from ATM transactions conducted by customers.
- Miscellaneous Income - Includes brokerage income, safe deposit box rentals, gains/losses on asset sales, and other miscellaneous bank fees.
- Aircraft Financing - Provides financing solutions for aircraft purchases through its subsidiary, Scope Leasing, Inc. (d.b.a. Scope Aircraft Finance).
- Property Management - Engages in property-related activities through its subsidiary, SE Property Holdings, LLC.
- Financial Services - Offers additional financial services through Guardian Financial Services Company (d.b.a. Guardian Finance Company).
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Brady T. Burt ExecutiveBoard | Chief Financial Officer | Director of the Federal Home Loan Bank of Cincinnati (Audit Committee Member since January 1, 2017, Chair since January 1, 2021; Risk Committee Member since January 1, 2017) | Brady T. Burt has been serving as the Chief Financial Officer of PRK since December 2012, and he also holds positions as Secretary and Treasurer. He previously served as Chief Accounting Officer from April 2007 to December 2012 and now serves externally as a Director at the Federal Home Loan Bank of Cincinnati, where he is also the Audit Committee Chair and a Risk Committee Member. | |
David L. Trautman ExecutiveBoard | Chief Executive Officer | David L. Trautman has served as the Chief Executive Officer of Park National Corporation since January 2014 , and as Chairman of the Board since May 2019. He has an extensive tenure at PRK, having previously held roles as President (from January 2005 through April 2019) and Secretary (from July 2002 to December 2013). | View Report → | |
Matthew R. Miller ExecutiveBoard | President | Matthew R. Miller has served as President of Park National Corporation since May 2019. He previously held roles as Executive Vice President and Chief Accounting Officer at PRK, demonstrating extensive financial and leadership expertise. | ||
C. Daniel DeLawder Board | Director and Chair of the Executive Committee | C. Daniel DeLawder has been a director of Park National Corporation since April 1994 and currently serves as the Chair of the Executive Committee, having previously held executive roles including CEO and President at both Park National Corporation and Park National Bank until his retirement on June 30, 2021. | ||
D. Byrd Miller III Board | Director of Park National Corporation and Park National Bank | D. Byrd Miller III has been serving as a director at PRK since January 2022. Previously, he held senior financial roles including Senior Vice President at Bank of America (1981–1992) and CFO at William Barnet & Son, LLC (1992–2022). | ||
Donna M. Alvarado Board | Director of Park National Corporation | President of Aguila International; Director of CSX Corporation; Director of CoreCivic, Inc. | Donna M. Alvarado has served as a Director at Park National Corporation since April 2013 and as a Director of Park National Bank since October 1991. She is actively involved in governance as the Chair of the Nominating Committee, and a member of both the Executive and Risk Committees. | |
F. William Englefield IV Board | Park Director | President of Englefield, Inc. | F. William Englefield IV has served as the Park Director at PRK since February 2005. He is also the President of Englefield, Inc. since January 1989, bringing over 36 years of leadership experience to his roles, and he actively participates in key committees at PRK. | |
Frederic M. Bertley Board | Director | President and CEO of COSI | Frederic M. Bertley, Ph.D., has served as a Director at PRK since September 2021. He also serves on the Risk and Nominating Committees and is active externally as President and CEO of COSI since January 2017. | |
Jason N. Judd Board | Director | Executive Vice President and Chief Financial Officer at Safelite Group, Inc. | Jason N. Judd has served as a Director at Park National Corporation and Park National Bank since January 2019. He also chairs the Audit and Risk Committees at PRK and is the Executive Vice President and Chief Financial Officer at Safelite Group, Inc. since November 2023. | |
Karen Morrison Board | Director, Park National Corporation | Senior Vice President, External Affairs at OhioHealth Corporation; President, OhioHealth Foundation; Board Member, Greif, Inc. | Karen Morrison has served as an independent director at Park National Corporation since July 1, 2024. She brings extensive leadership experience from healthcare roles at OhioHealth Corporation and philanthropic contributions as President of OhioHealth Foundation. | |
Kelly K. Gratz Board | Director of Park National Corporation and Park National Bank | President and CEO of G2O, LLC | Kelly K. Gratz has served as a director at Park National Corporation and Park National Bank since July 1, 2024. She is an active member of the Audit and Risk Committees at PRK, bringing in extensive experience in technology and financial oversight. | |
Leon Zazworsky Board | Lead Director | President/Owner of Mid State Systems, Inc. (since April 1979) ; President/Owner of Mid State Warehouses, Inc. (since November 1987) ; President/Owner of Dalmatian Transportation, Ltd. (since March 2006) | Leon Zazworsky is the Lead Director at Park National Corporation since January 2012 and a Park director since November 2003. He also brings extensive private business leadership experience from his roles as President/Owner of multiple companies. | |
Robert E. O’Neill Board | Director | President of Southgate Corporation | Robert E. O’Neill has served as a director of Park National Corporation since 2013. He brings over 36 years of expertise in real estate development and management, having previously served as President of Southgate Corporation. | |
Timothy S. McLain Board | Director of Park National Corporation | Principal at Dark Horse CPAs | Timothy S. McLain has served as Director of Park National Corporation since January 2010. He is a Certified Public Accountant since 1985 and has been serving as Principal at Dark Horse CPAs since January 2023. |
Recent press releases and 8-K filings for PRK.
- Q1 2025 results showed a net income of $42.2 million, a 19.8% increase from Q1 2024, with diluted EPS rising to $2.60 from $2.17.
- The board declared a quarterly cash dividend of $1.07 per common share, payable on June 10, 2025, to shareholders as of May 16, 2025.
- The document is an 8‑K investor presentation for Park National Corp filed on March 10, 2025, detailing Q4 2024 financial results and risk disclosures.
- It highlights key financial metrics including a net income of $38.6M, an improved net interest margin of 4.51%, and strong capital ratios (Total Shareholders’ Equity to Total Assets of 12.69% and Tangible Equity to Tangible Assets of 11.21%).
- The presentation also emphasizes a diversified revenue base, a balanced loan portfolio, and prudent management of credit losses, all underpinned by comprehensive forward‑looking statements.