Exhibit 12

Computation of Ratio of Earnings to Fixed Charges

The following table shows the ratio of earnings to fixed charges for Park National Corporation, which includes our subsidiaries, on a consolidated basis:

	Nine Months Ended		Year Ended December 31,
	30-Sep-09		2008		2007		2006		2005		2004
Ratio of earnings to fixed charges (1):
Excluding Interest on Deposits		4.62		1.77		2.12		4.36		4.61		7.80
Including Interest on Deposits		2.15		1.26		1.31		2.09		2.44		3.19

(1) For purposes of computing the ratios, earnings consist of income before income taxes and fixed charges. Fixed charges consist of interest on short-term borrowings and long-term debt, including/excluding interest on deposits, and one-third of rental expense, which Park National Corporation believes is representative of the interest factor.

Earnings:
Income before income taxes	$	83,995,000	$	35,719,000	$	52,677,000	$	133,077,000	$	135,424,000	$	129,249,000
Fixed Charges:
Interest on deposits		50,018,000		89,892,000		121,021,000		82,272,000		56,899,000		39,998,000
Short-term borrowings and long-term debt		22,618,000		45,574,000		46,126,000		39,043,000		36,996,000		18,704,000
Rent expense interest factor (1/3)		600,102		801,147		731,723		530,030		476,528		303,595
Total fixed charges:
Including interest on deposits	$	73,236,102	$	136,267,147	$	167,878,723	$	121,845,030	$	94,371,528	$	59,005,595
Excluding interest on deposits	$	23,218,102	$	46,375,147	$	46,857,723	$	39,573,030	$	37,472,528	$	19,007,595

Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends

The following table shows the ratio of earnings to fixed charges and preferred dividends for Park National Corporation, which includes our subsidiaries, on a consolidated basis:

	Nine Months Ended		Year Ended December 31,
	30-Sep-09		2008		2007		2006		2005		2004
Ratio of earnings to fixed charges and preferred dividends (1):
Excluding Interest on Deposits		3.86		1.77		2.12		4.36		4.61		7.80
Including Interest on Deposits		2.06		1.26		1.31		2.09		2.44		3.19

(1) For purposes of computing the ratios, earnings consist of income before income taxes and fixed charges. Fixed charges consist of interest on short-term borrowings and long-term debt, including/excluding interest on deposits, preferred dividends and accretion, and one-third of rental expense, which Park National Corporation believes is representative of the interest factor.

Earnings:
Income before income taxes	$	83,995,000	$	35,719,000	$	52,677,000	$	133,077,000	$	135,424,000	$	129,249,000
Fixed Charges:
Interest on deposits		50,018,000		89,892,000		121,021,000		82,272,000		56,899,000		39,998,000
Short-term borrowings and long-term debt		22,618,000		45,574,000		46,126,000		39,043,000		36,996,000		18,704,000
Preferred dividends and accretion		6,172,857		202,857
Rent expense interest factor (1/3)		600,102		801,147		731,723		530,030		476,528		303,595
Total fixed charges:
Including interest on deposits	$	79,408,959	$	136,470,004	$	167,878,723	$	121,845,030	$	94,371,528	$	59,005,595
Excluding interest on deposits	$	29,390,959	$	46,578,004	$	46,857,723	$	39,573,030	$	37,472,528	$	19,007,595