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Company Description (as filed with the SEC)
Park National Corporation (“Park”) is a financial holding company subject to regulation under the Bank Holding Company Act of 1956, as amended (the “Bank Holding Company Act”). Throughout the fiscal year ended December 31, 2013 (“Fiscal 2013”), Park was a bank holding company subject to the authority of the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) under the Bank Holding Company Act. On January 8, 2014, Park filed a declaration with the Federal Reserve Bank of Cleveland electing to become a financial holding company, pursuant to Sections 4(k) and 4(l) of the Bank Holding Company Act, which was deemed complete as of January 27, 2014. As a result, Park is a financial holding company which remains subject to the authority of the Federal Reserve Board under the Bank Holding Company Act. Please see the discussion below in the section captioned “Supervision and Regulation of Park and its Subsidiaries. ... More ...