secwatch.observer — SEC 8-K summary
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Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0000805676-22-000080
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Park National subsidiary sells foreclosed property for $12.4M, expects $11.4M pre-tax gain
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- SEPH completed foreclosure on property securing a previously charged-off non-performing loan.
- Sold property to third-party for $12.4 million cash on August 5, 2022.
- Estimated pre-tax gain of $11.4 million ($9.0M net of tax) for Q3 2022 and FY 2022.
- Direct expenses of $1.0 million incurred in sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567622000080/0000805676-22-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567622000080/prk-20220805.htm
  HTML page:      https://secwatch.observer/filing/0000805676-22-000080

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