Who are Park National Corporation's competitors, and what are the alternatives?
Park National's 2025 10-K, filed February 23, 2026, says its subsidiaries compete with local, regional and national banks, savings associations, credit unions, finance companies, securities dealers, brokers, mortgage bankers and investment advisors, and that fintechs are 'increasingly strong competition' for its borrowers and depositors. Its home market is central Ohio: in the Columbus metropolitan area, which includes its Newark headquarters, Park held $2.90 billion of deposits in 23 offices at June 30, 2025, sixth behind Huntington (43.7% of the market), JPMorgan Chase (20.77%), PNC, Bank of America and Fifth Third (FDIC). Statewide it ranked tenth with 1.35% of Ohio deposits across 75 offices, behind U.S. Bank, Huntington, KeyBank, Fifth Third, Chase, PNC, Citizens, Bank of America and WesBanco, and just ahead of Cincinnati's First Financial Bancorp. The 10-K says competitors may have greater resources, technology offerings and lending limits. Outside Ohio Park runs offices in northern Kentucky, the Carolinas and, since February 2026, Tennessee; in Spartanburg, South Carolina, its single office holds 4.05% of deposits against Truist's 21.36% and First Citizens' 16.41%. The non-bank rivals the 10-K names are fintechs, bill payment services that do not use banks, which PayPal provides, and digital assets and cryptocurrencies that seek to provide payment functionality, such as Circle's USDC stablecoin. Chime is the largest branchless account on this site.[1][2][3][4][5][6][7][8]
Data as of Oct 19, 2026 · Park National profile updated Oct 13, 2026 · computed tables recalculate from the 140 bank profiles on this site · Markdown
What does Park National say about its competition?
"The financial services industry is highly competitive. Park's subsidiaries compete with other local, regional and national service providers, including banks, savings associations, credit unions and other types of financial institutions and finance companies. Other competitors include securities dealers, brokers, mortgage bankers, investment advisors and financial services subsidiaries of commercial and manufacturing companies. Competition for quality customers has intensified as a result of changes in regulations, mergers and acquisitions, advances in technology and product delivery systems, consolidation among financial service providers, bank failures and the conversion of former investment banks to bank holding companies."[1]
"The primary factors in competing for loans are the terms of the loan, interest rates charged and overall services provided to borrowers. The primary factors in competing for deposits are interest rates paid on deposits, account liquidity, convenience and hours of office locations, convenience and availability of mobile banking options, and accessibility to trained and competent staff. Competitors of Park may have greater resources and, as such, additional technology offerings and higher lending limits, which may adversely affect the ability of Park to compete. In addition, certain nonfinancial institutions with which Park competes enjoy the benefits of fewer regulatory constraints, broader geographic service areas, greater capital and lower cost structures."[1]
"Financial technology companies, or 'fintechs,' are also providing nontraditional, but increasingly strong competition for our borrowers, depositors and other customers. Digital assets and cryptocurrencies also operate as competitors, as many of these digital assets and cryptocurrencies seek to provide payment functionality. Many customers either hold or may consider holding money that would typically be held in deposit accounts or investments in the form of digital assets or cryptocurrencies, which serves as competition for deposits."[1]
From the risk factors of the same 10-K: "Customers have increasingly used bill payment services that do not utilize banks, and these trends may result in losses of deposits and fee income. ... The ability to access and use technology is an increasingly important competitive factor in the financial services industry, and it is a critically important component to customer satisfaction as it affects our ability to deliver the right products and services." (2025 Form 10-K, filed February 23, 2026.)[1]
Who competes with Park National in each of its businesses?
| Business line | Competitor | Type | Why it competes |
|---|---|---|---|
| Home region: central Ohio and the rest of the state | Huntington | Bank | Columbus-headquartered Huntington held 43.7% of Columbus-area deposits ($51.81 billion in 64 offices) and 17.0% of Ohio deposits in 343 offices at June 30, 2025, against Park's 2.44% and 1.35% (FDIC).[2][3] |
| Home region: central Ohio and the rest of the state | JPMorgan Chase | Bank | Second in the Columbus area with $24.63 billion of deposits (20.77%) in 61 offices at June 30, 2025, and 231 offices statewide; a national bank of the kind Park's 10-K says may have greater resources and technology offerings.[2][3][1] |
| Home region: central Ohio and the rest of the state | Fifth Third | Bank | The Cincinnati bank held 11.83% of Ohio deposits in 246 offices at June 30, 2025, and $6.86 billion in 42 Columbus-area offices, just ahead of Park's $2.90 billion in 23.[3][2] |
| Home region: central Ohio and the rest of the state | U.S. Bank | Bank | The largest holder of Ohio deposits at June 30, 2025, with $111.51 billion (19.73%) in 161 offices (FDIC).[3] |
| Home region: central Ohio and the rest of the state | PNC | Bank | Held 6.76% of Ohio deposits in 219 offices and $8.76 billion in 42 Columbus-area offices at June 30, 2025, third in the Columbus market.[3][2] |
| Home region: central Ohio and the rest of the state | KeyBank | Bank | The Cleveland bank held 12.15% of Ohio deposits in 172 offices at June 30, 2025 (FDIC).[3] |
| Home region: central Ohio and the rest of the state | WesBanco | Bank | Ran 114 Ohio offices with $8.55 billion of deposits at June 30, 2025, ninth in the state and one place ahead of Park, after converting Premier Financial in 2025.[3][9] |
| Home region: central Ohio and the rest of the state | First Financial Bancorp | Bank | The Cincinnati bank held $7.54 billion of Ohio deposits in 57 offices at June 30, 2025, twelfth in the state and just behind Park's $7.63 billion (FDIC).[3] |
| Community and commercial banking in the Carolinas | Truist | Bank | First in the Spartanburg, South Carolina market with 21.36% of deposits in seven offices at June 30, 2025, where Park's single office held 4.05%; Truist ranks 2nd by deposit share in North Carolina and 3rd in South Carolina.[5][10] |
| Community and commercial banking in the Carolinas | First Citizens Bank | Bank | The Raleigh bank was second in Spartanburg with 16.41% of deposits in nine offices at June 30, 2025; Park's 10-K names Raleigh and Charlotte among its focus metro areas.[5][1] |
| Community and commercial banking in the Carolinas | United Community Bank | Bank | Ran four Spartanburg-area offices with 5.50% of deposits at June 30, 2025, ahead of Park's 4.05%.[5] |
| Community and commercial banking in the Carolinas | United Bankshares | Bank | Like Park, it runs offices in both Ohio and the Carolinas: more than 240 offices across North Carolina, South Carolina, Georgia, Virginia, West Virginia, Maryland, Ohio and Pennsylvania, with a Charlotte regional office opened in March 2024.[11][12][1] |
| Deposits, payments and digital alternatives | Chime | Fintech | Park's 10-K calls fintechs 'increasingly strong competition' for its depositors; Chime's 10-K claims a significant cost advantage over traditional banks by avoiding branches, and it had 10.4 million active members at June 30, 2026.[1][13][8] |
| Deposits, payments and digital alternatives | PayPal | Payments company | Park's risk factors say customers increasingly use bill payment services that do not use banks, which may cost deposits and fee income; PayPal processed $1.79 trillion of payment volume for 439 million active accounts in 2025.[1][14][6] |
| Deposits, payments and digital alternatives | Circle (USDC) | Fintech | Park's 10-K says digital assets that seek to provide payment functionality compete for money that would otherwise sit in deposit accounts; Circle's USDC stablecoin had $73.3 billion in circulation at June 30, 2026.[1][7] |
| Deposits, payments and digital alternatives | Credit unions in Ohio and the Carolinas | Credit union | Park's 10-K names credit unions among the local, regional and national providers its subsidiaries compete with.[1] |
| Trust, investment and wealth management | Charles Schwab | Broker or asset manager | Park's 10-K names securities dealers, brokers and investment advisors among its competitors; Park National Bank offers wealth management, including trust and investment services, and Schwab serves self-directed retail clients nationally.[1][15] |
How do the AI and digital offerings of Park National's competitors compare?
Park National first, then each competitor. Use-case counts, index scores and latest moves are computed from our profiles of each company; "No profile" means this site has no page on it yet.
| Company | AI or digital offering | On the record (our profiles) | Latest dated AI move |
|---|---|---|---|
| Park National Corporation (this page) | Not disclosed | Index 6.6 (#103); 8 use cases, 5 in production | Q2 10-Q: data processing costs up, Tennessee legacy core still running (Aug 7, 2026)[16] |
| Huntington | 50 AI agents in production and more than 60 in development, under the CFO (April 2026)[17] | Index 84.2 (#13); 17 use cases, 15 in production | Named a Coverbase enterprise customer (Sep 29, 2026)[18] |
| JPMorgan Chase | LLM Suite: 150,000 weekly users (February 2026)[19] | Index 89 (#6); 15 use cases, 8 in production | Q3 2026 call: outside AI agents stay blocked; AI spend put near $700 million (Oct 13, 2026)[20][21][22] |
| Fifth Third | Jeanie AI banking assistant, Best Chatbot at the 2026 Tearsheet AI Innovation Awards[23] | Index 84 (#14); 13 use cases, 10 in production | AI chief Jay Budzik describes the lending-model upgrade (Oct 12, 2026)[24] |
| U.S. Bank | A chief AI officer, Prashant Mehrotra, leading strategy and execution[25] | Index 81.3 (#18); 18 use cases, 16 in production | Venkatachari: from proving AI to industrializing it (Oct 7, 2026)[26] |
| PNC | Rebuilt PNC Mobile app built with its agentic development system (July 2026)[27] | Index 68.2 (#38); 14 use cases, 8 in production | Head of ATM Banking hired with an AI mandate (Sep 25, 2026)[28] |
| KeyBank | AI-handled calls at about $0.25 against $9 for human-handled ones (Q4 2025 call)[29] | Index 80 (#21); 16 use cases, 10 in production | Gessner ranked No. 3 in American Banker's Most Powerful Women in Banking NEXT (Oct 1, 2026)[30] |
| WesBanco | Automation and AI initiatives in loan operations, the call center and credit underwriting (investor decks)[31] | Index 26.9 (#92); 12 use cases, 9 in production | Q3 2026 investor presentation repeats the AI initiatives (Aug 27, 2026)[32] |
| First Financial Bancorp | Not disclosed | Index 4.4 (#105); 11 use cases, 8 in production | Succession reshuffle: Anderson president, former CIO Myers COO (Sep 14, 2026)[33][34] |
| Truist | Truist Assist chatbot: 12.5 million+ requests from 2023 to March 2026[35] | Index 82.6 (#16); 15 use cases, 13 in production | Mid-table on AI-judged reputation (Sep 18, 2026)[36] |
| First Citizens Bank | A head of AI and advanced analytics, Ash Kaduskar, alongside a chief data and analytics officer[37] | Index 67.7 (#39); 14 use cases, 12 in production | First Citizens Innovation Banking launched; SVB name retired (Oct 6, 2026)[38] |
| United Community Bank | Fraud losses down 50% over two years, partly from vendors' AI (April 2026)[39] | Index 38.7 (#75); 13 use cases, 8 in production | Customer guidance on AI-enabled scams (Sep 18, 2026)[40] |
| United Bankshares | Not disclosed | Index 2 (#116); 8 use cases, 5 in production | Florida expansion announced (Oct 8, 2026)[41] |
| Chime | Jade, an in-app AI financial partner available to some members[42] | 8 use cases, 6 in production | Agreement to acquire Stride Bank (Sep 8, 2026)[43] |
| PayPal | Agentic commerce services and Instant Checkout in ChatGPT (October 2025)[44][45] | 9 use cases, 5 in production | PayPal adds support for Meta's Muse (Sep 23, 2026)[46] |
| Circle (USDC) | Circle Agent Stack for AI-agent payments (May 2026)[47] | 7 use cases, 6 in production | Chainalysis counts 138 million agent payments on Base (Oct 14, 2026)[48] |
| Credit unions in Ohio and the Carolinas | Not disclosed | No profile | Not disclosed |
| Charles Schwab | Portfolio Insights generative-AI summaries for self-directed retail clients (May 2026)[15] | Index 80.7 (#19); 19 use cases, 15 in production | How Charley was built: employee testing, confirmation before any change (Oct 8, 2026)[49] |
Who should look beyond Park National, and where?
| If you are | Look at | Why |
|---|---|---|
| Customers who want an AI virtual assistant in their banking app | Fifth Third (Jeanie) or Bank of America (Erica) | Park reports chat and a virtual voice assistant but does not describe either as AI. Fifth Third's Jeanie won Best Chatbot at the 2026 Tearsheet AI Innovation Awards, and Bank of America's Erica has helped more than 24.6 million clients.[50][23][51] |
| People who need branches outside Ohio, Kentucky, the Carolinas and Tennessee | JPMorgan Chase or Bank of America | Park operated 87 financial service offices in Ohio, northern Kentucky and the Carolinas at December 31, 2025, before adding Tennessee in February 2026. Chase reported 5,083 branches in 2025, and Bank of America runs 3,500 financial centers in more than 100 US markets.[1][4][52][51] |
| Customers who want a branchless, app-only checking account | Chime | Park competes on office locations and trained staff as well as mobile banking, its 10-K says. Chime avoids branches, had 10.4 million active members at June 30, 2026, and offers some members Jade, an in-app AI financial partner.[1][13][8][42] |
| Small businesses in central Ohio that want a lender building AI into loan origination | Huntington | Park has selected nCino for a new commercial loan origination system and describes no AI in it. Huntington is an investor in and design partner of Casca's generative-AI loan origination platform, alongside Live Oak, and holds 43.7% of Columbus-area deposits.[50][53][2] |
| Businesses that want to hold or pay in dollar stablecoins | Circle | Park's 10-K treats digital assets that provide payment functionality as competition for deposits rather than a product it offers. Circle's USDC had $73.3 billion in circulation at June 30, 2026, and Circle received final OCC approval for a national trust bank in July 2026.[1][7][54] |
Where does Park National rank in its home market around Columbus?
Deposits and offices in the Columbus, Ohio metropolitan area, which includes Park's home county of Licking, at June 30, 2025 ($118.57 billion in total), summed by this site from the FDIC's branch-level Summary of Deposits.
Where does Park National rank among Ohio banks?
Ohio deposits and offices at June 30, 2025 ($565.32 billion in total), summed by this site from the FDIC Summary of Deposits.
| Rank | Bank | Ohio deposits | Share | Offices |
|---|---|---|---|---|
| 1 | U.S. Bank | $111.51 billion | 19.73% | 161[3] |
| 2 | Huntington | $96.09 billion | 17.00% | 343[3] |
| 3 | KeyBank | $68.66 billion | 12.15% | 172[3] |
| 4 | Fifth Third | $66.89 billion | 11.83% | 246[3] |
| 5 | JPMorgan Chase | $45.72 billion | 8.09% | 231[3] |
| 6 | PNC | $38.23 billion | 6.76% | 219[3] |
| 9 | WesBanco | $8.55 billion | 1.51% | 114[3] |
| 10 | Park National Bank | $7.63 billion | 1.35% | 75[3] |
| 12 | First Financial Bank | $7.54 billion | 1.33% | 57[3] |
Who are Park National's biggest competitors?
In central Ohio, Huntington (43.7% of Columbus-area deposits) and JPMorgan Chase (20.77%), then PNC, Bank of America and Fifth Third, at June 30, 2025. Statewide, U.S. Bank, Huntington, KeyBank and Fifth Third lead, with WesBanco and First Financial Bancorp nearest Park in size. Its 10-K also names credit unions, brokers, mortgage bankers and fintechs.[2][3][1]
Is Huntington a competitor of Park National?
Yes, the largest in its home market. Columbus-headquartered Huntington held $51.81 billion of Columbus-area deposits in 64 offices at June 30, 2025, against Park's $2.90 billion in 23. On AI, Huntington reports 50 agents in production and more than 60 in development (April 2026); Park reports one AI tool for bankers.[2][17][50]
Who competes with Park National in the Carolinas?
In Spartanburg, South Carolina, Truist (21.36% of deposits), First Citizens (16.41%), Bank of America, Wells Fargo and United Community Bank all held more deposits than Park's single office (4.05%) at June 30, 2025. Park's 10-K names Charlotte and Raleigh among its focus metro areas, where Truist and First Citizens are also based.[5][1]
Is Chime a competitor of Park National?
By category. Park's 10-K says fintechs are providing 'nontraditional, but increasingly strong competition' for its borrowers and depositors, and Chime's 10-K says its branchless model gives it a cost advantage over traditional banks. Chime had 10.4 million active members at June 30, 2026. Neither company names the other.[1][13][8]
Does Park National see crypto and stablecoins as competition?
Yes. Its 2025 10-K says digital assets and cryptocurrencies 'operate as competitors' because many seek to provide payment functionality, and that customers may hold money in them that would otherwise sit in deposit accounts. Circle's USDC, the largest regulated dollar stablecoin on this site, had $73.3 billion in circulation at June 30, 2026.[1][7]
What are alternatives to Park National for small business banking?
In central Ohio, Huntington, which holds 43.7% of Columbus-area deposits and is a design partner of Casca's generative-AI loan origination platform; for card acceptance and payments, PayPal, whose bill-payment services Park's 10-K names as a deposit risk. Park itself is moving commercial lending onto an nCino origination system.[2][53][1][6][50]
Who competes with Park National in Tennessee?
Park entered Tennessee by merging First Citizens National Bank of Dyersburg on February 2, 2026. At June 30, 2025 that bank held 65.33% of deposits in Dyersburg branch offices, ahead of Simmons Bank (14.90%), Security Bank (11.45%) and Regions (6.00%), per FDIC Summary of Deposits data. Park plans to convert the Tennessee bank's legacy core system in the third quarter of 2026.[4][55][16]
Park National vs WesBanco: how do they compare in Ohio?
They sit next to each other in the Ohio deposit rankings: WesBanco ninth with $8.55 billion in 114 offices and Park tenth with $7.63 billion in 75 at June 30, 2025. WesBanco converted Premier Financial in 2025 and reports 7.7 million digital logins a month; Park closed the First Citizens National Bank merger in February 2026.[3][9][32][4]
Park National vs Fifth Third: how do they compare?
Fifth Third held 11.83% of Ohio deposits in 246 offices at June 30, 2025, against Park's 1.35% in 75; in the Columbus area the two were fifth and sixth. Fifth Third's Jeanie AI assistant won Best Chatbot at the 2026 Tearsheet awards, while Park's annual report describes a virtual voice assistant without calling it AI.[3][2][23][50]
- Park National Corporation Form 10-K for the fiscal year ended December 31, 2025
- FDIC Summary of Deposits, Columbus, Ohio MSA branch offices (data as of June 30, 2025; totals summed by bankingnewsai.com)
- FDIC Summary of Deposits, Ohio branch offices (data as of June 30, 2025; deposit totals and shares summed by bankingnewsai.com)
- Park National Bank announces completion of First Citizens National Bank merger
- FDIC Summary of Deposits, Spartanburg, South Carolina MSA branch offices (data as of June 30, 2025; totals summed by bankingnewsai.com)
- PayPal Holdings, Inc. Annual Report (Form 10-K) for fiscal year 2025
- Circle Reports Second Quarter 2026 Results
- Chime Reports Second Quarter 2026 Financial Results
- WesBanco, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- United Bank Receives National Recognition as a Best Company to Work for and Best-in-State Bank for 2025
- United Bank Opens New Location in Charlotte's Bustling SouthPark Neighborhood
- Chime Financial, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Who we are: history and facts
- Charles Schwab Launches AI-Powered Capability That Helps Investors Understand Portfolio Performance and Market Activity
- Park National Corporation Form 10-Q for the quarterly period ended June 30, 2026
- At Huntington Bancshares, the CFO is also the AI strategist
- Coverbase Adds Third-Party Risk Veterans as Enterprise Adoption Accelerates
- 2026 Company Update Transcript - Chairman and CEO Q&A
- JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts
- JPMorgan CEO Dimon warns customers of 'liability transfer' with AI
- JPMorgan warns of risks to consumers who rely on AI agents
- Fifth Third's Jeanie Named Best Chatbot by Tearsheet AI Innovation Awards
- Alum Spotlight: Jay Budzik (PhD '03)
- Benchmarking AI adoption: What U.S. Bank's playbook tells us
- How U.S. Bank Is Industrializing AI
- PNC's New Mobile App Delivers an Intuitive, Personalized Experience to Help Clients Seamlessly Manage Their Day-to-Day Financial Lives
- Mark Williamson hired as Head of ATM Banking
- KeyBank Taps $100 Million Increase in Technology Spend (AI calls at $0.25 vs $9)
- The Most Powerful Women in Banking NEXT, #3, Emily Gessner, KeyBank
- Q2 2026 Investor Presentation (Form 8-K, Exhibit 99.1)
- Q3 2026 Investor Presentation (Form 8-K, Exhibit 99.1)
- First Financial Bancorp. Form 8-K (Item 5.02: appointment of President, Chief Banking Officer and Chief Operating Officer)
- After year of rapid growth, Ohio bank revamps its top ranks
- Exhibit 99.3: First quarter 2026 earnings presentation (Form 8-K)
- People use AI to gauge banks' reputations, and its verdicts are harsh
- A Q&A With Scott Richardson: AI at First Citizens Bank
- First Citizens Bank Launches New Innovation Banking Brand
- United Community Banks first-quarter 2026 earnings call transcript (filed under Rule 425)
- Protect Your Business from Payment Fraud and Account Takeover
- United Bankshares, Inc. Announces Florida Expansion
- What is Jade Financial Partner? (help centre, retrieved 2026-09-23)
- Chime Announces Agreement to Acquire Stride Bank
- PayPal Launches Agentic Commerce Services to Power AI-Driven Shopping
- OpenAI and PayPal Team Up to Power Instant Checkout and Agentic Commerce in ChatGPT
- PayPal partners with Meta's Muse AI assistant
- Circle Launches AI Infrastructure to Power the Agentic Economy
- AI agents are on a shopping spree: Total payments on Base blockchain eclipse 138 million, Chainalysis finds
- Charles Schwab's Amy Ruegg: AI Can Make Investing Easier, but Human Expertise Remains Key
- Park National Corporation 2025 Annual Report to Shareholders (Form ARS)
- Bank of America Fast Facts (undated page, retrieved 2026-10-19)
- JPMorgan Chase & Co. Annual Report on Form 10-K for the year ended December 31, 2025
- Huntington, Live Oak to invest in, deploy gen AI-based lending
- Circle Receives Final OCC Approval to Establish National Trust Bank
- FDIC Summary of Deposits, branch offices in Dyersburg, Tennessee (data as of June 30, 2025; totals summed by bankingnewsai.com)
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