---
schema_version: "secwatch.filing_event.v1"
accession: "0000805676-25-000082"
form_type: "8-K"
ticker: "PRK"
cik: "0000805676"
company_name: "PARK NATIONAL CORP /OH/"
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:16:52.984258+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Park National to acquire First Citizens Bancshares in stock deal; Q3 net income up 23.4%

## Summary
- Merger: each First Citizens share converts to 0.52 Park share; expected close Q1 2026, subject to approvals.
- Termination fee of $12.5M payable to Park if First Citizens terminates under certain conditions.
- Park entered voting agreements with certain First Citizens shareholders to vote in favor of the merger.
- Q3 2025 net income $47.2M vs $38.2M in Q3 2024, a 23.4% increase; pre-tax pre-provision income up 19.6%.
- Nine-month 2025 net income $137.4M, up 21.8% YoY; net interest income rose 10.1% to $324.4M.

## SEC filing metadata
- accession: 0000805676-25-000082
- form_type: 8-K
- ticker: PRK
- cik: 0000805676
- company_name: PARK NATIONAL CORP /OH/
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/805676/000080567625000082/0000805676-25-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/805676/000080567625000082/prk-20251027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000805676-25-000082
- JSON: https://secwatch.observer/filing/0000805676-25-000082.json
- Plain text: https://secwatch.observer/filing/0000805676-25-000082.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.