First Citizens was acquired by Park National Corp on February 1, 2026, according to the Form 8-K Park National Corp filed with the SEC. It is the only completed acquisition Park National Corp reported under Item 2.01 in the last twelve months (Form 8-K, February 2, 2026).
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Park National Corp completed its acquisition of First Citizens on 2026-02-01, according to the Form 8-K Park National Corp filed with the SEC on 2026-02-02. The filing's Item 2.01 states no aggregate dollar price.
| Acquirer | Park National Corp |
|---|---|
| Acquired | First Citizens |
| Completed | 2026-02-01 |
| Reported by | Park National Corp (PRK), the buyer |
| Filing | Form 8-K, filed 2026-02-02 |
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What the filing says
On February 1, 2026, Park completed its previously announced Merger with First Citizens pursuant to the Merger Agreement.
More from the filing
Immediately following the Merger, and also effective as of February 1, 2026, First Citizens' wholly owned banking subsidiary, First Citizens National Bank, a national banking association ("First Citizens National Bank"), merged with and into Park's wholly owned banking subsidiary, The Park National Bank, a national banking association ("Park National Bank") (the "Bank Merger"), with Park National Bank continuing as the surviving bank in the Bank Merger.
Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of (i) First Citizens common stock, no par value per share, 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 issuance of shares of the Company Common Stock in connection with the Merger was registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to a registration statement on Form S-4 (File No. 333-291969) filed by the Company with the Securities and Exchange Commission and which became effective on December 19, 2025 (the "Registration Statement").
Quoted from Park National Corp's Form 8-K.
This is the only completed acquisition Park National Corp reported under Item 2.01 in the last twelve months.
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A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.
Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.