The Park National Bank is headquartered in Newark and is the 8th largest bank in the state of Ohio. It is also the 162nd largest bank in the nation. It was established in 1908 and as of December of 2020, it had grown to 1,738 employees at 99 locations. The Park National Bank has an A health rating.
When I was younger I made many stupid decisions and did not have the ability to open a checking account. As I got older, I really needed one as I gained a family and needed to be able to reliably pay bills outside of the money order concept which is how I had been operating. Instead of try to work with a big bank that was not helping me, I decided to go and plead my case to a smaller local bank that I trusted. I was able to meet with people, describe my poor decisions honestly and ask politely for consideration to override the standard rejection that I had been getting. This worked out well, and I was able to establish an account and make major steps towards getting on my feet.
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||1.36%|
|Return on Equity - YTD||13.39%|
|Annual Interest Income||$353.4MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$9.25B$8.53B|
|Loans||Q4 2020vs Q4 2019||$7.08B$6.43B|
|Deposits||Q4 2020vs Q4 2019||$7.82B$7.13B|
|Equity Capital||Q4 2020vs Q4 2019||$958.6MM$894.7MM|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$84.3MM$54.7MM|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$117.1MM$91.1MM|
|Real Estate Owned||Q4 2020vs Q4 2019||$838.00K$3.1MM|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.03%||-||-||Christmas Club Savings Account|