Park National Completes Merger with First Citizens
Park National (PRK) announced that on February 1 it successfully completed its previously announced merger transaction with First Citizens Bancshares (FIZN) through an all-stock transaction. The merger combines two bank subsidiaries - Park National Bank and First Citizens National Bank - and extends Park's presence into the state of Tennessee. "We are excited to begin this next chapter together. 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," said Matthew Miller, CEO and President of Park National Corporation.