Park National Corp. and The Park National Bank Inc. Announces Directorate Changes
January 27, 2015 at 02:50 am IST
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On January 22, 2015, William T. McConnell, who currently serves in the class of directors of Park National Corp. whose terms expire at the 2015 annual meeting of shareholders, notified the company that he had decided
to retire and not stand for re-election to the board of directors. Mr. McConnell's term as a director of the company will expire immediately prior to the 2015 annual meeting, which will be held on April 27, 2015. In addition, Mr. McConnell will retire as a director of the company's national banking association subsidiary, The Park National Bank, effective April 27, 2015. Mr. McConnell has served as a director of the company since 1986 and as a member of the board of directors of Park National Bank since 1977, a span of nearly five decades. On January 26, 2015, upon the recommendation of its nominating and corporate governance committee, the board of directors of Park elected James R. DeRoberts to fill the vacancy in the class of directors whose terms are to expire at the 2017 annual meeting of shareholders. Mr. DeRoberts' election will be effective February 16, 2015. On January 27, 2015, the board of directors of Park National Bank also elected Mr. DeRoberts as a director, effective February 16, 2015. Mr. DeRoberts is a partner at Gardiner Allen DeRoberts Insurance located in Columbus, Ohio. On January 26, 2015, the Park board of directors also appointed Mr. DeRoberts to serve on the investment committee and the risk committee of the board, effective upon his becoming a director of Park.
Park National Corporation is a financial holding company. The Company's banking operations are conducted through its subsidiary, Park National Bank, a national banking association. The Company's principal business consists of owning and supervising its subsidiaries. Park National Bank engages in the commercial banking and trust business, generally in small and medium population areas in Ohio, North Carolina and South Carolina communities, in addition to operations within the metropolitan areas of Columbus and Cincinnati, Ohio; Charlotte, North Carolina; and Louisville, Kentucky. Park National Bank operates financial service offices in Ohio, Kentucky, North Carolina and South Carolina. Park National Bank delivers financial products and services through its financial service offices and through a network of automated teller machines, as well as telephone and Internet-based banking through both personal computers and mobile devices, including ParkDirect, a mobile bank experience.