Park National Bank Announces New Office in Rookwood Exchange
CINCINNATI, Ohio – The Park National Bank (Park) announced today its plan to open an office in the Rookwood Exchange building on Edwards Road in the fall of 2015. Growth in the Bank’s commercial lending and wealth management services, as well as success in mortgage and consumer lending led to the expansion. The Rookwood office will be the bank’s ninth office serving Greater Cincinnati and provides the bank a location near central Hamilton County. Park operates six full-service offices in Clermont County, one in Anderson Township and one in West Chester.
The Rookwood office will serve as headquarters for Park’s commercial banking and wealth management services. It will house most of the bank’s commercial lending and cash management officers as well as the bank’s trust and investment professionals. The team at Rookwood will also provide personal banking services, and will include mortgage lenders and retail banking associates. Sixteen Park associates will operate from the Rookwood office at first, with the capacity to grow staff as more customer relationships develop. The Rookwood office will be a full-service banking center, open Monday through Friday, though Park associates will meet with clients by appointment at other times.
“Rookwood Exchange is an ideal location for our style of financial services, because we spend most of our time reaching out to the community and meeting clients where it makes the most sense for them,” said Adam Stypula, Senior Vice President and Chief Commercial Credit Officer. “Our lenders build relationships with business owners and partner with them through start-up, growth, moves, and transitions, serving as their single point of contact for banking in any phase of the business life cycle. We’re all about being accessible to our customers, and this central location will help us do that.”
Bill Schumacker, Senior Vice President and Trust Officer said, “We serve trust and investment clients spread throughout the Cincinnati area. It will be a great convenience to have another facility from which we can serve them and connect with new prospects in the area. It’s an excellent space for hosting clients who live and work near central Cincinnati.”
“Expanding into new communities and capitalizing on the potential in metro markets also fits with the bank’s plan for continued growth,” said President Dave Gooch. “Our model of community banking with a focus on service excellence and community involvement is a good fit for the Norwood and Hyde Park communities. You can expect to see Park bankers getting more involved in serving the residents of these communities that are home to so much of Cincinnati’s history and culture.”
Park has celebrated many successes in recent years, with significant loan growth across multiple categories topping the list. The bank’s commercial loan portfolio is up more than 22 percent from two years ago. Mortgage lending has also been strong, showing growth of 17 percent over the same time period. Additional focus in the area of indirect lending has yielded exceptional growth as well, with the bank showing an increase of 151 percent in that category over the same two years. Indirect lending mainly involves consumer vehicle lending through partnerships with local dealerships.
Also notable are Park National’s many recognitions for community involvement. With 100% associate participation in the 2014 United Way campaign, Park was again listed as a Tremendous 25 company for the third consecutive year. In 2014, Park National Bank was honored with the ServeOhio Outstanding Corporate Volunteer Initiative by the Ohio Commission on Service & Volunteerism. Park associates contributed more than 2,231 hours of service and served on 34 non-profit boards during 2014.
“We volunteer and give back to our communities because it is embedded into who we are as an organization,” Gooch said. “We volunteer because our bank is comprised of individuals that believe in our culture of service. We volunteer because it is simply the right thing to do.”
Park also received the following awards in the last year: 2014 Corporate Partner Award, Cincinnati Association of Volunteer Administrators; 2014 Business of the Year, Anderson Area Chamber of Commerce; 2014 Large Business of the Year, Milford Miami Township Chamber of Commerce; 2014 Encourage the Heart Award, Child Focus; 2014 Business Parter of the Year, Clermont Board of Developmental Disabilities; 2014 Pioneer Award, Clermont Chamber of Commerce; 2014 MVP Award, Junior Achievement; and 2015 Corporate Citizen Award, Clermont Chamber of Commerce.
Park National Bank entered the Cincinnati market in 1994 with an office in downtown Cincinnati. Much of what is now Park National Bank, Southwest Ohio & Northern Kentucky came from the acquisitions of Anderson Bank and First Clermont Bank, giving Park local roots dating back as far as 1886.
About Park National Bank
With locations in Amelia, Anderson, Eastgate, Milford, New Richmond, Owensville and West Chester, Park National Bank provides customers with a full array of personal banking, business banking, and trust and investment products and services. Park National Bank’s Southwest Ohio & Northern Kentucky Division is part of the Park National Corporation (NYSE: PRK). Headquartered in Newark, Ohio, Park National Corporation consists of 11 community bank divisions and two specialty finance companies. Total assets for Park were $7.0 billion as of December 31, 2014.