CHARLOTTE, N.C. — Park National Corporation has bought Charlotte-based New Dominion Bank for $76.4 million.
The boards of directors from both companies agreed to the merger, which is expected to be complete by midyear.
Members of the boards said the merger will allow New Dominion to add more services for customers, including larger and more specialized loans.
New Dominion Bank has two offices in our area, in uptown Charlotte and in Mooresville.
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