Park National Corporation shares fall 2.16% intraday after Workhorse Group Inc. closed on $20M sale leaseback of Union City plant.

Park National Corporation declined 2.16% intraday. The company announced a strategic partnership with Workhorse Group Inc. and Motiv Electric Trucks, which aims to create value by offering a broader portfolio of high-performing commercial EVs at lower unit costs in the medium-duty truck market. This partnership strengthens the combined company's financial profile through improved operational scale and a simplified capital structure.