Key Developments: Park National Corp (PRK)
70.76USD
21 May 2013
$-0.24 (-0.34%)
$71.00
$70.78
$71.00
$70.06
14,964
22,398
$72.37
$60.80
Latest Key Developments (Source: Significant Developments)
Park National Corp Declares $0.94 Common Share Quarterly Cash Dividend
Park National Corp announced that it has declared a $0.94 per common share quarterly cash dividend, payable on June 10, 2013 to common shareholders of record as of May 22, 2013. Full Article
Park National Corp Announces Management Change
Park National Corp announced the retirement of its Chief Financial Officer John W. Kozak. On March 5, 2012, Park reported the retirement was anticipated for April 2013, and that Park's Chief Accounting Officer Brady T. Burt would succeed Kozak. Mr. Kozak has been with the transition of the Chief Financial Officer duties and decided that he was ready to retire from both Park and The Park National Bank, effective December 19, 2012. Full Article
Park National Corp Declares $0.94 Quarterly Cash Dividend
Park National Corp announced that the Board of Directors declared a $0.94 per common share quarterly cash dividend, payable on December 7, 2012 to common shareholders of record as of November 23, 2012. Full Article
Park National Corp. Chief Financial Officer John W. Kozak Announces Retirement For 2013
Park National Corp. Chief Financial Officer John W. Kozak announced plans to retire in April, 2013, Park Chief Accounting Officer Brady T. Burt will become the Chief Financial Officer (CFO), and Vice President of Accounting Matthew R. Miller will become Park's Chief Accounting Officer. Kozak's early retirement is prompted by health issues. Full Article
Park National Corp. Completes Vision Bank Sale With Home BancShares, Inc.'s Centennial Bank
Park National Corp. announced the completion of the purchase and assumption transaction between Park, Home BancShares, Inc. (Home) and their respective subsidiary banks. On November 16, 2011, Park announced an agreement with Home to sell substantially all performing loans, operating assets and deposit liabilities from Park's Florida-based subsidiary Vision Bank (Vision) to Home's subsidiary Centennial Bank (Centennial). Home is headquartered in Conway, Arkansas and its subsidiaries operate bank offices throughout regions in Arkansas and Florida. Effective February 16, 2012, Centennial purchased certain assets and liabilities of Vision for a purchase price of $27.9 million. Centennial purchased performing loans with an unpaid principal balance of approximately $354 million, assumed ownership or operation of all 17 Vision Bank office locations, and assumed deposit liabilities of approximately $520 million. Certain other miscellaneous assets and liabilities were also purchased by Centennial. The remaining assets and liabilities were retained by Vision, which Park will merge with and into a non-bank subsidiary of Park, SE Property Holdings, LLC. Park was advised in this transaction by Sandler O'Neill & Partners, L.P. Full Article
Park National Corp. Declares $0.94 Quarterly Cash Dividend
Park National Corp. announced that it has declared a $0.94 per common share quarterly cash dividend, payable on March 9, 2012 to common shareholders of record as of February 24, 2012. Full Article
Home BancShares, Inc.'s Centennial Bank To Acquire All Of Banking Locations Of Park National Corp.'s Vision Bank
Centennial Bank, a wholly-owned subsidiary of Home BancShares, Inc., announced the signing of a definitive agreement to acquire all of the banking locations of Vision Bank, a wholly-owned subsidiary of Park National Corp. Centennial Bank plans to purchase only the banking locations, along with the majority of the performing loans and related other assets. Substantially all of the deposits and related other liabilities will also be assumed by Centennial. Vision will retain the remaining performing loans, along with all non-performing loans and other real estate owned at closing. Centennial expects to obtain performing loans of approximately $378.6 million and approximately $535.0 million of deposits. As of the acquisition date, the Vision branch locations will become branch locations of Centennial Bank, a subsidiary of Home BancShares, Inc. The acquisition is conditioned upon regulatory approvals and other customary conditions. The acquisition is expected to be effective in early 2012. Other terms and conditions were not disclosed. Full Article
Park National Corp. Declares Quarterly Dividend
Park National Corp. announced that its Board of Directors have declared a $0.94 per share quarterly cash dividend. The dividend is payable on December 9, 2011 to common shareholders of record as of November 23, 2011. Full Article
Park National Corp. Declares Quarterly Cash Dividend
Park National Corp. announced that the Board of Directors has declared a $0.94 per common share quarterly cash dividend, payable on September 9, 2011 to common shareholders of record as of August 24, 2011. Full Article
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