Park National Corporation (NASDAQ:PRK) Files An 8-K Regulation FD Disclosure
Item 7.01 – Regulation FD Disclosure
David L. Trautman, Chief Executive Officer and President of Park
National Corporation (Park or the Company) and Brady T. Burt,
Chief Financial Officer, Secretary and Treasurer, will attend the
Sandler O’Neill Investor Conference on November 16 and 17, 2016.
The slides for the conference are furnished in this Current
Report on Form 8-K, to this Item 7.01, as Exhibit 99.1, and are
incorporated herein by reference. The slides are also available
in the Investor Presentations section of Park’s web site at
www.parknationalcorp.com.
National Corporation (Park or the Company) and Brady T. Burt,
Chief Financial Officer, Secretary and Treasurer, will attend the
Sandler O’Neill Investor Conference on November 16 and 17, 2016.
The slides for the conference are furnished in this Current
Report on Form 8-K, to this Item 7.01, as Exhibit 99.1, and are
incorporated herein by reference. The slides are also available
in the Investor Presentations section of Park’s web site at
www.parknationalcorp.com.
Without limiting the generality of the foregoing, the text of the
slide entitled Forward-looking Statements is incorporated by
reference into this Item 7.01.
slide entitled Forward-looking Statements is incorporated by
reference into this Item 7.01.
No part of this Current Report on Form 8-K shall be deemed
incorporated by reference into any registration statement filed by
Park under the Securities Act of 1933.
incorporated by reference into any registration statement filed by
Park under the Securities Act of 1933.
Item 8.01 – Other Events.
On November 16, 2016, Park National Corporation (Park) purchased
from Yadkin Bank, a wholly-owned subsidiary of Yadkin Financial
Corporation, all five thousand outstanding shares of Fixed Rate
Non-Cumulative Perpetual Preferred Stock, Series A (the Preferred
Stock), of NewDominion Bank, a North Carolina chartered bank. Park
paid Yadkin Bank $700.00 per share for the Preferred Stock, with an
aggregate purchase price of $3.5 million.
from Yadkin Bank, a wholly-owned subsidiary of Yadkin Financial
Corporation, all five thousand outstanding shares of Fixed Rate
Non-Cumulative Perpetual Preferred Stock, Series A (the Preferred
Stock), of NewDominion Bank, a North Carolina chartered bank. Park
paid Yadkin Bank $700.00 per share for the Preferred Stock, with an
aggregate purchase price of $3.5 million.
Immediately following the purchase of the Preferred Stock from
Yadkin Bank, Park exchanged all such Preferred Stock with
NewDominion Bank for 1,795,000 shares of voting common stock and
4,686,481 shares of non-voting common stock of NewDominion Bank
(collectively, the New Shares), which results in Park owning 4.9%
of the outstanding shares of voting common stock of NewDominion
Bank and 8.8% of all of the outstanding common stock (including
both voting and non-voting) of NewDominion Bank.
Yadkin Bank, Park exchanged all such Preferred Stock with
NewDominion Bank for 1,795,000 shares of voting common stock and
4,686,481 shares of non-voting common stock of NewDominion Bank
(collectively, the New Shares), which results in Park owning 4.9%
of the outstanding shares of voting common stock of NewDominion
Bank and 8.8% of all of the outstanding common stock (including
both voting and non-voting) of NewDominion Bank.
The agreements include customary closing conditions.
Item 9.01 – Financial Statements and Exhibits.
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(a)
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Not applicable
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(b)
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Not applicable
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(c)
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Not applicable
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(d)
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Exhibits. The following exhibit is furnished with this
Current Report on Form 8-K: |
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Exhibit No.
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Description
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99.1
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Slide presentation for Park National Corporation on
November 16 and 17, 2016, as part of the Sandler O’Neill Investor Conference (furnished to Item 7.01 hereof). |
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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PARK NATIONAL CORPORATION
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Dated: November 16, 2016
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By:
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/s/ Brady T. Burt
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Brady T. Burt
Chief Financial Officer, Secretary and
Treasurer
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INDEX TO EXHIBITS
Current Report on Form 8-K
Dated November 16, 2016
Park National Corporation
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Exhibit No.
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Description
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99.1
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Slide presentation for Park National Corporation on
November 16 and 17, 2016, as part of the Sandler O’Neill Investor Conference (furnished |
About Park National Corporation (NASDAQ:PRK)