Park National Bank to build new office in downtown Mansfield
Park donates current office building and $130,000 to Mansfield Community Improvement Corporation to support revitalization
MANSFIELD, Ohio – Park National Bank has announced plans to build a new office in downtown Mansfield, reinforcing its long-standing commitment to the community and its future. The new location will house approximately 25 bank associates and will become the bank’s primary downtown Mansfield office once construction is complete.
As part of this initiative, Park will donate its current downtown office building valued at $1.28 million, located at 3 North Main Street. The donation supports Mansfield’s ongoing downtown revitalization efforts and ensures the property remains in local hands.
Park’s donation of its current office building an eight-story, 42,876 square-foot building underscores its commitment to Mansfield’s growth and vitality. By donating the property and transferring ownership to the Mansfield Community Improvement Corporation (MCIC), the bank ensures the property will be redeveloped in a way that aligns with the city’s vision for a vibrant and thriving downtown.
Park will lease its current space during construction and relocate after the building project is complete. Customers may continue banking downtown as usual with no interruption of services.
“This project is about more than bricks and mortar. It’s about investing in Mansfield’s future,” said Chris Hiner, Park’s Mansfield Regional President. “We’re proud to retain jobs downtown, contribute to economic development and help preserve a property that can be redeveloped in a way that aligns with the best interests of our community all while creating a state-of-the-art space for banking of today and preparing for the future in our new location. We are proud to be one of the first new construction projects downtown in quite some time.” Hiner continued, “Our commitment to our community is as strong as ever and we look forward to a bright future in downtown Mansfield.”
Park is in the process of purchasing property located at Fourth and Main to be the site of the new downtown office. The development will complement the Main Street improvement and beautification initiative and promises to be a catalyst for future development and redevelopment efforts.
The parcels are a portion of an existing surface parking lot on Main Street. Recognizing the importance of parking to residents and downtown businesses, Park donated an additional $130,000 to the Mansfield Community Improvement Corporation to support development of additional parking in the Carrousel District. The current municipal parking lot will remain fully available for use until construction begins in 2026. The City’s development of additional parking will ensure plenty of space for all who want to shop and dine in the downtown business district.
Strong collaboration between Park National Bank, the City of Mansfield and the Mansfield Community Improvement Corporation has been critical to the initiative’s success. “We are very excited about this opportunity for new development in downtown Mansfield with Park National Bank,” said Mayor Jodie Perry. “They have had a longstanding presence in Mansfield, and I am grateful for their additional investment in our community. Furthermore, by donating their current property to the Mansfield Community Improvement Corporation, we can ensure that the historic bank building remains a cornerstone in our community for another century.” Jodie concluded, “This is an exciting time in downtown Mansfield as we build for the future.”
The new office will be designed to enhance customer and associate experience and reflect Park’s full-service banking model, offering personal and business deposit accounts, commercial lending, mortgage services, cash and treasury management, wealth management, retirement plan services, and online and mobile banking. Construction is expected to begin in Fall of 2026 and take approximately 18 months to complete.