NEWARK, Ohio, Dec. 8, 2010 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE Amex:PRK) has entered into agreements with institutional investors for a direct sale of an aggregate of 71,984 common shares and additionally, the issuance of warrants to purchase shares of Park common stock in the future. Gross proceeds from the sale of the common shares and warrants total $5.0 million or $69.46 per share. Park's closing stock price was $69.46 per share on December 2, 2010 and $69.91 on December 7, 2010. The closing of the offering is expected to take place on December 10, 2010.
Park National Corporation Announces $5.0 Million Capital Raise
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