Park National Corporation to Acquire First Citizens Bancshares for $317 Million
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Park National Corporation has agreed to acquire First Citizens Bancshares for $317 million in an all-stock deal. The transaction is expected to close in Q1 2026, with integration in Q3 2026. The merger will create a combined entity with $12.7 billion in assets and expand Park National's presence in Tennessee and the southeastern U.S. Jeff Agee will become President of the new Tennessee Region, and one board member from First Citizens will join Park National's Board of Directors.
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