Park National Corp. and CAB Financial Corp. have completed their merger, which folds CAB’s banking subsidiary, Carolina Alliance Bank, into Park as a community banking division of The Park National Bank.
- The Carolina Alliance Bank division has $760 million in assets (as of Dec. 31, 2018) and seven banking offices in upstate South Carolina and western North Carolina.
- Carolina Alliance Bank will continue to serve its communities with the same local leadership, local advisory board and local decision-making.
- The Park National family of community banks now includes 12 banking divisions.
- In July 2018, Park National added New Dominion Bank in Charlotte, North Carolina, into its family of community banks.