Exhibit 99.1

News Release

Media contacts:
Bethany White, Comm. Specialist 740.349.3754
John Kozak, Chief Financial Officer, 740.349.3792

July 17, 2006 For Immediate Release

Park National Corporation announces net income
for second quarter 2006 and declares dividend

NEWARK, Ohio — Park National Corporation (Park) (AMEX:PRK) today reported net income for the second quarter of 2006. Net income for the three months ended June 30, 2006 totaled $23.886 million, a 3.57 percent decrease from the same period in 2005, when Park earned a net income of $24.770 million. Diluted earnings per share for the second quarter of 2006 were $1.70, 1.16 percent lower than 2005’s second quarter diluted earnings per share at $1.72.

Net income for the first half of this year was $47.693 million, a slight decrease (0.87 percent) from the same six months in 2005, when Park reported net income of $48.112 million. Diluted earnings per share for the half-year period in 2006 were $3.39, 1.8 percent higher than the first half of last year, which reported $3.33 in diluted earnings per share.

Park also announced a regular cash dividend of $.92 per share, payable on September 8, 2006 to shareholders of record on August 22, 2006.

Park National Corporation is an Ohio-based bank holding company headquartered in Newark, Ohio. It holds more than $5.4 billion in assets. Its 12 community banks and two specialty financing companies consist of 136 offices across Ohio and northern Kentucky.

Its significant subsidiaries include The Park National Bank, The Park National Bank Southwest Ohio & Northern Kentucky Division, Fairfield National Division, The Richland Trust Company, Century National Bank, The First-Knox National Bank, Farmers and Savings Division, United Bank, N.A., Second National Bank, The Security National Bank and Trust Co., Unity National Division, The Citizens National Bank of Urbana, Scope Aircraft Finance, and Guardian Finance. For more information, visit www.parknationalcorp.com.

Financial Tables are below...

Park National Corporation
50 N. Third Street, Newark, Ohio 43055
www.parknationalcorp.com

PARK NATIONAL CORPORATION
FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)
JUNE 30, 2006

INCOME STATEMENT

	THREE MONTHS ENDED									SIX MONTHS ENDED
	JUNE 30,									JUNE 30,
							PERCENT									PERCENT
	2006			2005			CHANGE			2006			2005			CHANGE
NET INTEREST INCOME	$	53,822		$	55,412			-2.87	%	$	107,241		$	109,857			-2.38	%
PROVISION FOR LOAN LOSSES		1,467			1,325			10.72	%		1,467			2,407			-39.05	%
OTHER INCOME		16,328			15,454			5.66	%		31,721			29,566			7.29	%
GAIN (LOSS) ON SALE OF SECURITIES		0			96						0			96
OTHER EXPENSE		34,856			34,334			1.52	%		69,868			68,738			1.64	%
INCOME BEFORE TAXES		33,827			35,303			-4.18	%		67,627			68,374			-1.09	%
NET INCOME		23,886			24,770			-3.57	%		47,693			48,112			-0.87	%
NET INCOME PER SHARE-BASIC		1.71			1.73			-1.16	%		3.41			3.36			1.49	%
NET INCOME PER SHARE-DILUTED		1.70			1.72			-1.16	%		3.39			3.33			1.80	%
CASH DIVIDENDS PER SHARE		0.92			0.90			2.22	%		1.84			1.80			2.22	%
RATIOS AND OTHER INFORMATION
RETURN ON AVERAGE ASSETS		1.78	%		1.75	%					1.78	%		1.72	%
RETURN ON AVERAGE EQUITY		17.89	%		17.81	%					17.77	%		17.37	%
YIELD ON EARNING ASSETS		6.76	%		6.05	%					6.67	%		6.01	%
COST OF PAYING LIABILITIES		2.89	%		2.13	%					2.78	%		2.03	%
NET INTEREST MARGIN		4.38	%		4.26	%					4.38	%		4.31	%
EFFICIENCY RATIO		49.26	%		47.98	%					49.87	%		48.82	%
NET LOAN CHARGE-OFFS	$	1,464		$	1,295					$	1,463		$	2,232
NET CHARGE-OFFS AS A PERCENT OF LOANS		0.18	%		0.16	%					0.09	%		0.14	%

BALANCE SHEET AT JUNE 30,

							PERCENT
	2006			2005			CHANGE
INVESTMENTS	$	1,557,944		$	1,904,308			-18.19	%
LOANS		3,368,095			3,280,384			2.67	%
LOAN LOSS RESERVE		69,698			70,352			-0.93	%
GOODWILL AND OTHER INTANGIBLES		67,914			70,462			-3.62	%
TOTAL ASSETS		5,412,447			5,633,319			-3.92	%
DEPOSITS		3,849,076			3,861,328			-0.32	%
BORROWINGS		952,265			1,125,538			-15.39	%
EQUITY		539,479			576,074			-6.35	%
BOOK VALUE PER SHARE		38.72			40.34			-4.02	%
NONPERFORMING LOANS		23,087			19,830			16.42	%
NONPERFORMING ASSETS		26,547			22,082			20.22	%
PAST DUE 90 DAY LOANS		6,011			8,486			-29.17	%
RATIOS
LOANS/ASSETS		62.23	%		58.23	%
NONPERFORMING LOANS/LOANS		0.69	%		0.60	%
PAST DUE 90 DAY LOANS/LOANS		0.18	%		0.26	%
LOAN LOSS RESERVE/LOANS		2.07	%		2.14	%
EQUITY/ASSETS		9.97	%		10.23	%

PARK NATIONAL CORPORATION
Consolidated Statements of Income
(dollars in thousands, except per share data)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2006		2005		2006		2005
Interest income:
Interest and fees on loans	$	63,215	$	54,531	$	123,148	$	106,771
Interest on:
Obligations of U.S. Government, its agencies and other securities		19,038		23,105		38,602		44,549
Obligations of states and political subdivisions		945		1,180		1,922		2,354
Other interest income		100		112		222		213
Total interest income		83,298		78,928		163,894		153,887
Interest expense:
Interest on deposits:
Demand and savings deposits		6,244		3,522		11,248		6,490
Time deposits		13,398		10,118		25,714		19,455
Interest on borrowings		9,834		9,876		19,691		18,085
Total interest expense		29,476		23,516		56,653		44,030
Net interest income		53,822		55,412		107,241		109,857
Provision for loan losses		1,467		1,325		1,467		2,407
Net interest income after provision for loan losses		52,355		54,087		105,774		107,450
Other income		16,328		15,454		31,721		29,566
Gain (loss) on sale of securities		—		96		—		96
Other expense:
Salaries and employee benefits		19,520		19,551		39,566		39,552
Occupancy expense		2,182		2,151		4,444		4,431
Furniture and equipment expense		1,355		1,381		2,691		2,749
Other expense		11,799		11,251		23,167		22,006
Total other expense		34,856		34,334		69,868		68,738
Income before federal income taxes		33,827		35,303		67,627		68,374
Federal income taxes		9,941		10,533		19,934		20,262
Net income	$	23,886	$	24,770	$	47,693	$	48,112
Per Share:
Net income — basic	$	1.71	$	1.73	$	3.41	$	3.36
Net income — diluted	$	1.70	$	1.72	$	3.39	$	3.33
Weighted average shares — basic		13,977,432		14,312,032		14,005,896		14,321,647
Weighted average shares — diluted		14,010,407		14,379,463		14,053,151		14,427,549

PARK NATIONAL CORPORATION
Consolidated Balance Sheets
(dollars in thousands, except share data)

	June 30,
	2006			2005
Assets
Cash and due from banks	$	170,603		$	144,022
Money market instruments		25,091			48,778
Interest bearing deposits		1			1,099
Investment securities		1,557,944			1,904,308
Loans (net of unearned interest)		3,368,095			3,280,384
Allowance for possible loan losses		69,698			70,352
Loans, net		3,298,397			3,210,032
Bank premises and equipment, net		47,080			47,147
Other assets		313,331			277,933
Total assets	$	5,412,447		$	5,633,319
Liabilities and Stockholders’ Equity
Deposits:
Noninterest bearing	$	685,545		$	643,582
Interest bearing		3,163,531			3,217,746
Total deposits		3,849,076			3,861,328
Borrowings		952,265			1,125,538
Other liabilities		71,627			70,379
Total liabilities		4,872,968			5,057,245
Stockholders’ Equity:
Common stock (No par value; 20,000,000 shares authorized in 2006 and 2005; 15,272,258 shares issued in 2006 and 15,271,624 in 2005)		208,404			208,369
Accumulated other comprehensive income, net of taxes		(34,048	)		8,684
Retained earnings		498,834			455,589
Treasury stock (1,339,709 shares in 2006 and 991,116 shares in 2005)		(133,711	)		(96,568	)
Total stockholders’ equity		539,479			576,074
Total liabilities and stockholders’ equity	$	5,412,447		$	5,633,319

PARK NATIONAL CORPORATION
Consolidated Average Balance Sheets
(dollars in thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2006			2005			2006			2005
Assets
Cash and due from banks	$	141,915		$	143,494		$	143,427		$	148,800
Money market instruments		7,419			13,143			8,239			10,585
Interest bearing deposits		39			1,210			169			1,485
Investment securities		1,590,384			2,007,872			1,627,365			1,950,613
Loans (net of unearned interest)		3,337,351			3,259,676			3,324,534			3,256,545
Allowance for possible loan losses		70,137			71,005			70,528			71,089
Loans, net		3,267,214			3,188,671			3,254,006			3,185,456
Bank premises and equipment, net		46,886			46,359			46,942			45,541
Other assets		321,386			288,835			315,008			283,562
Total assets	$	5,375,243		$	5,689,584		$	5,395,156		$	5,626,042
Liabilities and Stockholders’ Equity
Deposits:
Noninterest bearing	$	668,365		$	640,324		$	661,312		$	630,320
Interest bearing		3,160,283			3,206,866			3,143,537			3,208,381
Total deposits		3,828,648			3,847,190			3,804,849			3,838,701
Borrowings		933,596			1,215,222			966,797			1,155,262
Other liabilities		77,383			69,464			82,224			73,539
Total liabilities		4,839,627			5,131,876			4,853,870			5,067,502
Stockholders’ Equity:
Common stock		208,404			208,363			208,398			208,330
Accumulated other comprehensive income, net of taxes		(28,531	)		1,623			(20,526	)		6,520
Retained earnings		484,987			440,826			479,549			435,489
Treasury stock		(129,244	)		(93,104	)		(126,135	)		(91,799	)
Total stockholders’ equity		535,616			557,708			541,286			558,540
Total liabilities and stockholders’ equity	$	5,375,243		$	5,689,584		$	5,395,156		$	5,626,042