Business
Park National Bank announces completion of First Citizens National Bank merger
NEWARK, Ohio and DYERSBURG, Tenn., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Park National Corporation (“Park”) (NYSE AMERICAN: PRK) announced that on February 1, 2026, it successfully completed its previously announced merger transaction with First Citizens Bancshares, Inc. (“First Citizens”) (OTCEM: FIZN) through an all-stock transaction. The merger combines two strong community-focused bank subsidiaries – Park National Bank and First Citizens National Bank – and extends Park’s presence into the state
About this update from First Citizens Bancshares, Inc.
[{"type":"image","alt":"Park National Bank","displaySize":"","headline":null,"caption":"Park National Bank","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":296,"url":"https://media.zenfs.com/en/globenewswire.com/d554fae7468381aa455d5bf55990d95a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HcuyG5.2mUJRtKHKbgOV1w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQxNDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/d554fae7468381aa455d5bf55990d95a","width":300,"height":296}},"lazy":false},{"type":"text","content":"NEWARK, Ohio and DYERSBURG, Tenn., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Park National Corporation (“Park”) (NYSE AMERICAN: PRK) announced that on February 1, 2026, it successfully completed its previously announced merger transaction with First Citizens Bancshares, Inc. (“First Citizens”) (OTCEM: FIZN) through an all-stock transaction. The merger combines two strong community-focused bank subsidiaries – Park National Bank and First Citizens National Bank – and extends Park’s presence into the state of Tennessee.","length":514,"tagName":"p"},{"type":"text","content":"“We are excited to begin this next chapter together,” said Matthew R. Miller, CEO and President of Park National Corporation. “With the merger now complete, our combined team is well-positioned to serve more people in meaningful ways. We have long viewed Tennessee as a compelling market, and this expansion aligns perfectly with our growth strategy.”","length":351,"tagName":"p"},{"type":"text","content":"Based on the financial results as of December 31, 2025, the combined company now has pro forma total assets of $12.6 billion, deposits of $10.5 billion and loans of $9.6 billion. Park now has more than 100 branches in Ohio, Kentucky, North Carolina, South Carolina and Tennessee.","length":279,"tagName":"p"},{"type":"text","content":"“We are thrilled to officially welcome the exceptional bankers of First Citizens to Park,” said David L. Trautman, Chairman of Park National Corporation. “Their commitment to service aligns closely with ours. We look forward to growing together as we help more customers and communities flourish.”","length":297,"tagName":"p"},{"type":"text","content":"Also effective February 1, Jeffrey D. Agee joined Park’s Board of Directors and the Board of Directors of Park National Bank. On January 26, 2026, upon the unanimous recommendat...