The Park National Bank

Headquarters

50 North Third Street
Newark, OH 43055
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.75% →
1-Year CD 0.50% 1.55% →
2-Year CD 0.70% 1.45% →
5-Year CD 1.00% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The Park National Bank is an FDIC insured institution located in Newark, OH. It was founded in 1908 and has approximately $8.53 billion in assets. Customers can open an account at one of its 121 branches.

FDIC Insured Yes
FDIC Certificate # 6653
Date Established 1908
Assets $ 8.53 billion
Loans $ 6.43 billion
Deposits $ 7.13 billion
Capital $ 894.74 million
 

For a more detailed analysis of The Park National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - May 28, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $9,999 Learn More
Savings
0.05% $2,500 $9,999 Learn More
Money Market
0.01% $1,000 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.05% $10,000 $24,999 Learn More
Money Market
0.50% $10,000 $24,999 Learn More
Money Market
0.50% $25,000 $49,999 Learn More
Money Market
0.05% $25,000 $49,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
Premium Money Market Account
0.05% $10,000 $24,999 Learn More
Premium Money Market Account
0.05% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn More
3 Mo CD
0.01% $1,000 - Learn More
Special: 5 Mo CD
0.01% $1,000 - Learn More
6 Mo CD
0.20% $1,000 - Learn More
Special: 8 Mo CD
0.01% $1,000 - Learn More
12 Mo CD
0.50% $1,000 - Learn More
12 Mo CD
0.40% $1,000 - Learn More
18 Mo CD
0.60% $1,000 - Learn More
24 Mo CD
0.70% $1,000 - Learn More
30 Mo CD
0.70% $1,000 - Learn More
36 Mo CD
0.80% $1,000 - Learn More
48 Mo CD
0.90% $1,000 - Learn More
60 Mo CD
1.00% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $1,000 - Learn MoreShow Less
Fixed IRA
0.40% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.01% $1 $2,499 Learn MoreShow Less
Var IRA
0.05% $1 $2,499 Learn MoreShow Less
Var IRA
0.31% $1,000 - Learn MoreShow Less
Var IRA
0.01% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1,000 $9,999 Learn MoreShow Less

Loan Rates - May 28, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Park National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.952% 2.875% 1.00 $2,485 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Note to The Park National Bank
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Branches

The Park National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


The Park National Bank Locations


Financial Details

The Park National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Park National Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
The Park National Bank U.S. Bank Average
9.93% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, The Park National Bank had $91,175,000 in non-current loans and $3,100,000 in owned real estate. To cover these potential losses it had $894,739,000 in equity and $54,692,000 in loans loss reserves. That gives it a Texas Ratio of 9.93%.

Return on Equity
The Park National Bank U.S. Bank Average
13.85% 9.41%

The Park National Bank has a Return on Equity of 13.85% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The Park National Bank U.S. Bank Average
10.49% 12.82%

The Park National Bank has a Capitalization of 10.49% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The Park National Bank Balance Sheet Analysis

As of December 31, 2019, The Park National Bank had assets of $8,528,848,000, loans of $6,426,731,000, and deposits of $7,125,111,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 159.39 million
Interest-bearing balances $ 24.39 million
Total securities $ 1,227.10 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.43 billion
Loan loss allowance $ 54.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.10 million
Goodwill and other intangibles $ 181.19 million
All other assets $ 444.79 million
     Total Assets $ 7.63 billion
LIABILITIES
Total deposits $ 7.13 billion
      Interest-bearing deposits $ 5.09 billion
      Deposits held in domestic offices $ 7.13 billion
      % insured (estimated) 85.55%
Federal funds purchased and repurchase agreements $ 185.62 million
Trading liabilities N.A.
Other borrowed funds $ 205.00 million
Subordinated debt $ 25.00 million
All other liabilities $ 93.38 million
      Total Liabilities $ 7.63 billion
      Shareholders’ Equity $ 894.74 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 355.13 million
Total Interest Expense $ 62.00 million
Net interest income $ 293.13 million
Provision for loan and lease losses $ 8.36 million
Total non interest income $ 91.90 million
Total non interest expense $ 237.43 million
Pre-tax Net Operating Income $ 139.24 million

Bank Loan Profile?

The top three loan types in The Park National Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks in Ohio, The Park National Bank has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 27.48
Multifamily
Mortgages
1.97
Credit Card Loans 0.00
Consumer Auto Loans 15.68
Small Business Loans 10.39
Construction and Development Loans 5.16
Commercial Real Estate 22.94
Commercial and Industrial Loans 12.76
Farm Loans 0.94

Frequently Asked Questions About The Park National Bank

Branches and Savings

Is The Park National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6653.

Why does The Park National Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are The Park National Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is The Park National Bank a commercial bank?

Yes

Where are The Park National Bank locations?

See branch locations nearby.

Is The Park National Bank open on Saturdays?

Is The Park National Bank open on Sundays?

What time does The Park National Bank open?

What time does The Park National Bank close?

Are The Park National Bank ATMs Open 24/7?

Do The Park National Bank ATMs accept cash deposits?

Can The Park National Bank customers use other ATMs?

Do The Park National Bank branches have notaries?

Will The Park National Bank notarize my document?

What address for The Park National Bank should I put for incoming ACH transfers?

Will the The Park National Bank branch print checks?

Do The Park National Bank checks expire?

Does The Park National Bank require US citizenship to open account?

Can The Park National Bank close my account?

Does The Park National Bank Report to credit bureaus?

Does The Park National Bank Use Equifax?

What is The Park National Bank's ACH Routing Number?

What is The Park National Bank's SWIFT code?

Products

Does The Park National Bank offer mortgages?

Compare mortgage rates here.

Does The Park National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Park National Bank offer personal loans?

Compare personal loan rates here.

Does The Park National Bank offer student loans?

Will The Park National Bank cash a check?

Will The Park National Bank redeem a savings bond?

Does The Park National Bank cash savings bonds?

Will The Park National Bank cash money orders?

Can The Park National Bank issue a money order?

Does The Park National Bank do currency exchange?

Background on The Bank

Who owns The Park National Bank?

How long has The Park National Bank been around?

Can The Park National Bank transfer to other banks?

Does The Park National Bank have quick pay?

Does The Park National Bank accept rolled coins?

Will The Park National Bank accept loose change?

Where is The Park National Bank headquarters?

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