PARK NATIONAL CORP /OH/ (PRK): M&A transaction — Park National completes all-stock merger with First Citizens Bancshares

PARK NATIONAL CORP /OH/

Each First Citizens share converted into 0.52 Park share; merger effective Feb 1, 2026.
Pro forma combined: $12.6B assets, $10.5B deposits, $9.6B loans.
Park now operates 100+ branches across Ohio, Kentucky, NC, SC, Tennessee.
Jeffrey D. Agee joins Park board and will lead new Tennessee Region; base salary $560,982.
First Citizens National Bank merged into Park National Bank; conversion activities later this year.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

PARK NATIONAL CORP /OH/ completed an acquisition involving First Citizens Bancshares, Inc. for 0.52 of a share of common stock (closed 2026-02-01).

Action: acquisition
Counterparty: First Citizens Bancshares, Inc.
Consideration: 0.52 of a share of common stock
Closing: 2026-02-01

Exact text from the filing

and (ii) First Citizens Class A common stock, no par value per share, issued and outstanding immediately prior to the Effective Time, was converted into the right to receive 0.52 of a share of common stock, no par value, of Park (the “Company Common Stock”). The foregoing description of the Merger and the Merger Agreement does not purport to be complete

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Source: SEC EDGAR

accession 0000805676-26-000010

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