On the heels of its purchase of Charlotte-based NewDominion Bank, Park National Bank expects to spend $141.8 million to acquire a South Carolina bank, marking its third new market in the past year.
Newark-based Park National Corp. announced Thursday it has signed an agreement to acquire CAB Financial Corp. of Spartanburg, South Carolina, bringing its Carolina Alliance Bank in as a community bank subsidiary.
Park National expects to acquire CAB in a stock and cash transaction, including $28.4 million…
