N e w s   R e l e a s e

October 18, 2010 Exhibit 99.1                        

Park National Corporation reports third quarter 2010

financial results and declares quarterly cash dividend

NEWARK, Ohio — Park National Corporation (Park) (NYSE Amex: PRK) today announced financial results for the three month period (third quarter) and nine month period ended September 30, 2010. Park's Board of Directors also declared a $0.94 per common share quarterly cash dividend, payable on December 10, 2010 to common shareholders of record as of November 24, 2010.

For the three and nine month periods ended September 30, 2010, Park reported net income of $19.6 million and $61.5 million, respectively, compared to $19.2 million and $61.9 million for the same periods in 2009.

The issuance of common shares over the last six quarters resulted in a decline in net income per common share compared to last year. Net income per diluted common share for the third quarter of 2010 was $1.19, a 4.8 percent decline from $1.25 in the third quarter of 2009. Net income per diluted common share for the first nine months of 2010 was $3.79, a 7.6 percent decline from the $4.10 reported for the same period in 2009.

Net income for the third quarter of 2010 for Park’s Ohio-based operations was $24.9 million, a 3.5 percent decrease from $25.8 million in the third quarter of 2009. Net income for Park's Ohio-based operations was $81.1 million for the first nine months of 2010, a 2.7 percent increase from the $79.0 million reported in the same period of 2009.

Loan portfolio information

Mortgage lending activity continues to be very strong as borrowers take advantage of historically low interest rates. Park originated $193 million in residential mortgages during the third quarter of 2010, a $7 million increase over the $186 million originated in the 2009 third quarter. Park’s loan portfolio grew by $16.5 million during the first nine months of 2010, ending the quarter at $4.66 billion.

“We continue to be an active lender in the communities we serve, evidenced by residential mortgage originations in third quarter 2010 exceeding levels experienced in 2009. Low interest rates and direct access to lenders continues to fuel activity for new and refinanced loans for residential customers,” said Park Chairman C. Daniel DeLawder. “Park affiliates actively seek new relationships for consumers and businesses alike. It’s a great time to borrow money and we stand ready to help our clients meet their financing goals.”

Capital-raising information

Capital-raising activities over the past six quarters increased common shares outstanding by 1,323,572 or 9.5 percent, generating a net total of $81 million in additional capital.

In 2009, Park sold 904,072 common shares and Series A and Series B Common Share Warrants covering an aggregate of 500,000 common shares at a weighted average price per share of $61.20 for gross proceeds of $55.3 million. After selling expenses and professional fees, Park raised $53.5 million of common equity from these capital-raising activities.

Through the first nine months of 2010, Park issued 419,500 common shares upon the exercise of the Series A and Series B Common Share Warrants at a price of $67.75 per common share. After all expenses, Park raised an additional $27.6 million of common equity from the sale of these common shares.

Headquartered in Newark, Ohio, Park National Corporation has $7.1 billion in total assets (as of September 30, 2010). Park consists of 13 community bank divisions and two specialty finance companies. Park's Ohio-based banking operations are conducted through Park subsidiary The Park National Bank and its divisions which include Fairfield National Bank Division, Richland Bank Division, Century National Bank Division, First-Knox National Bank Division, Farmers & Savings Bank Division, United Bank Division, Second National Bank Division, Security National Bank Division, Unity National Bank Division and The Park National Bank of Southwest Ohio & Northern Kentucky Division. Park's other banking subsidiary is Vision Bank (headquartered in Panama City, Florida), and its Vision Bank Division (of Gulf Shores, Alabama). Park also includes Scope Leasing, Inc. (d.b.a. Scope Aircraft Finance) and Guardian Financial Services Company (d.b.a. Guardian Finance Company).

Complete financial tables are included below.

Park National Corporation

50 N. Third Street, Newark, Ohio 43055

www.parknationalcorp.com

N e w s   R e l e a s e

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation: deterioration in the asset value of Park's loan portfolio may be worse than expected due to a number of factors, such as adverse changes in economic conditions that impair the ability of borrowers to repay their loans, the underlying value of the collateral could prove less valuable than assumed and cash flows may be worse than expected; Park's ability to execute its business plan successfully and within the expected timeframe; general economic and financial market conditions, and weakening in the economy, specifically, the real estate market and credit market, either nationally or in the states in which Park and its subsidiaries do business, may be worse than expected which could decrease the demand for loan, deposit and other financial services and increase loan delinquencies and defaults; the effects of the Gulf of Mexico oil spill; changes in market rates and prices may adversely impact the value of securities, loans, deposits and other financial instruments and the interest rate sensitivity of our consolidated balance sheet; changes in consumer spending, borrowing and saving habits; our liquidity requirements could be adversely affected by changes in our assets and liabilities; competitive factors among financial institutions increase significantly, including product and pricing pressures and our ability to attract, develop and retain qualified bank professionals; the nature, timing and effect of changes in banking regulations or other regulatory or legislative requirements affecting the respective businesses of Park and its subsidiaries, including changes in laws and regulations concerning taxes, accounting, banking, securities and other aspects of the financial services industry, specifically the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the effect of fiscal and governmental policies of the United States federal government; demand for loans in the respective market areas served by Park and its subsidiaries, and other risk factors relating to the banking industry as detailed from time to time in Park's reports filed with the Securities and Exchange Commission including those described in "Item 1A. Risk Factors" of Part I of Park's Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and in "Item 1A. Risk Factors" of Part II of Park's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2010. Undue reliance should not be placed on the forward-looking statements, which speak only as of the date hereof. Park does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.

CONTACTS: Bethany Lewis, Communications Specialist, 740.349.0421

John Kozak, CFO, 740.349.3792

Park National Corporation

50 N. Third Street, Newark, Ohio 43055

www.parknationalcorp.com

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PARK NATIONAL CORPORATION
Financial Highlights
Three months ended September 30, 2010, June 30, 2010, and September 30, 2009
	2010						2009			Percent change vs.
(in thousands, except share and per share data)	3rd QTR			2nd QTR			3rd QTR			2Q '10			3Q '09
INCOME STATEMENT:
Net interest income	$	69,445		$	68,721		$	68,462			1.1	%		1.4	%
Provision for loan losses		14,654			13,250			14,958			10.6	%		-2.0	%
Other income		17,530			16,647			18,165			5.3	%		-3.5	%
Gain on sale of securities		—			3,515			—			-100.0	%		N/A
Total other expense		45,696			47,001			46,052			-2.8	%		-0.8	%
Income before income taxes	$	26,625		$	28,632		$	25,617			-7.0	%		3.9	%
Income taxes		7,048			7,466			6,418			-5.6	%		9.8	%
Net income	$	19,577		$	21,166		$	19,199			-7.5	%		2.0	%
Preferred stock dividends and accretion		1,452			1,451			1,440			0.1	%		0.8	%
Net income available to common shareholders	$	18,125		$	19,715		$	17,759			-8.1	%		2.1	%
MARKET DATA:
Earnings per common share - basic (b)	$	1.19		$	1.30		$	1.25			-8.5	%		-4.8	%
Earnings per common share - diluted (b)		1.19			1.30			1.25			-8.5	%		-4.8	%
Cash dividends per common share		0.94			0.94			0.94			0.0	%		0.0	%
Common book value per common share at period end		43.10			42.94			41.45			0.4	%		4.0	%
Stock price per common share at period end		64.04			65.04			58.34			-1.5	%		9.8	%
Market capitalization at period end		979,956			989,054			831,927			-0.9	%		17.8	%
Weighted average common shares - basic (a)		15,272,720			15,114,846			14,193,411			1.0	%		7.6	%
Weighted average common shares - diluted (a)		15,272,720			15,114,846			14,193,411			1.0	%		7.6	%
Common shares outstanding at period end		15,302,244			15,206,854			14,259,971			0.6	%		7.3	%
PERFORMANCE RATIOS:
Annualized return on average assets (a)(b)		1.02	%		1.13	%		1.01	%		-9.7	%		1.0	%
Annualized return on average common equity (a)(b)		10.90	%		12.27	%		12.18	%		-11.2	%		-10.5	%
Yield on loans		5.76	%		5.84	%		5.99	%		-1.4	%		-3.8	%
Yield on investments		4.26	%		4.44	%		4.82	%		-4.1	%		-11.6	%
Yield on earning assets		5.34	%		5.44	%		5.66	%		-1.8	%		-5.7	%
Cost of interest bearing deposits		0.91	%		1.04	%		1.48	%		-12.5	%		-38.5	%
Cost of borrowings		2.91	%		2.94	%		2.73	%		-1.0	%		6.6	%
Cost of paying liabilities		1.29	%		1.40	%		1.73	%		-7.9	%		-25.4	%
Net interest margin (annualized) (g)		4.28	%		4.29	%		4.22	%		-0.2	%		1.4	%
Efficiency ratio (g)		52.21	%		54.75	%		52.71	%		-4.6	%		-0.9	%
OTHER RATIOS (NON GAAP):
Annualized return on average tangible assets (a)(b)(e)		1.03	%		1.14	%		1.02	%		-9.6	%		1.0	%
Annualized return on average tangible common equity (a)(b)(c)		12.39	%		14.03	%		14.23	%		-11.7	%		-12.9	%
Tangible common book value per common share (d)	$	37.93		$	37.68		$	35.65			0.7	%		6.4	%

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PARK NATIONAL CORPORATION
Financial Highlights (continued)
Three months ended September 30, 2010, June 30, 2010, and September 30, 2009
										Percent change vs.
BALANCE SHEET:	September 30, 2010			June 30, 2010			September 30, 2009			2Q '10			3Q '09
Investment securities	$	1,896,969		$	1,845,594		$	1,873,953			2.8	%		1.2	%
Loans		4,656,902			4,655,997			4,615,101			0.0	%		0.9	%
Allowance for loan losses		117,405			120,676			110,040			-2.7	%		6.7	%
Goodwill and other intangibles		79,199			80,021			82,735			-1.0	%		-4.3	%
Other real estate owned		52,837			46,456			47,015			13.7	%		12.4	%
Total assets		7,090,456			7,093,098			6,970,678			0.0	%		1.7	%
Total deposits		5,100,030			5,168,814			5,114,976			-1.3	%		-0.3	%
Borrowings		1,003,624			1,008,748			1,066,757			-0.5	%		-5.9	%
Stockholders' equity		756,627			749,939			687,327			0.9	%		10.1	%
Common equity		659,539			653,053			591,035			1.0	%		11.6	%
Tangible common equity (d)		580,340			573,032			508,300			1.3	%		14.2	%
Nonperforming loans		237,194			237,854			207,212			-0.3	%		14.5	%
Nonperforming assets		290,031			284,310			254,227			2.0	%		14.1	%
Past due 90 day loans and still accruing		10,700			17,283			4,849			-38.1	%		120.7	%
ASSET QUALITY RATIOS:
Loans as a % of period end assets		65.68	%		65.64	%		66.21	%		0.1	%		-0.8	%
Nonperforming loans as a % of period end loans		5.09	%		5.11	%		4.49	%		-0.4	%		13.4	%
Past due 90 day loans as a % of period end loans		0.23	%		0.37	%		0.11	%		-37.8	%		109.1	%
Nonperforming assets / Period end loans + OREO		6.16	%		6.05	%		5.45	%		1.8	%		13.0	%
Allowance for loan losses as a % of period end loans		2.52	%		2.59	%		2.38	%		-2.7	%		5.9	%
Net loan charge-offs	$	17,925		$	12,248		$	9,722			46.4	%		84.4	%
Annualized net loan charge-offs as a % of average loans (a)		1.53	%		1.07	%		0.84	%		43.0	%		82.1	%
CAPITAL & LIQUIDITY:
Total equity / Period end assets		10.67	%		10.57	%		9.86	%		0.9	%		8.2	%
Common equity / Period end assets		9.30	%		9.21	%		8.48	%		1.0	%		9.7	%
Tangible common equity (d) / Tangible assets (f)		8.28	%		8.17	%		7.38	%		1.3	%		12.2	%
Average equity / Average assets (a)		10.73	%		10.56	%		9.67	%		1.6	%		11.0	%
Average equity / Average loans (a)		16.27	%		16.09	%		14.63	%		1.1	%		11.2	%
Average loans / Average deposits (a)		89.64	%		88.85	%		89.82	%		0.9	%		-0.2	%

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PARK NATIONAL CORPORATION
Financial Highlights (continued)
Nine months ended September 30, 2010 and 2009
	September 30,			September 30,			Percent
(in thousands, except share and per share data)	2010			2009			change
INCOME STATEMENT:
Net interest income	$	205,546		$	204,689			0.4	%
Provision for loan losses		44,454			43,101			3.1	%
Other income		50,887			57,132			-10.9	%
Gain on sale of securities		11,819			7,340			61.0	%
Total other expense		140,587			142,065			-1.0	%
Income before income taxes	$	83,211		$	83,995			-0.9	%
Income taxes		21,689			22,099			-1.9	%
Net income	$	61,522		$	61,896			-0.6	%
Preferred stock dividends and accretion		4,355			4,321			0.8	%
Net income available to common shareholders	$	57,167		$	57,575			-0.7	%
MARKET DATA:
Earnings per common share - basic (b)	$	3.79		$	4.10			-7.6	%
Earnings per common share - diluted (b)		3.79			4.10			-7.6	%
Cash dividends per common share		2.82			2.82			0.0	%
Weighted average common shares - basic (a)		15,090,113			14,055,580			7.4	%
Weighted average common shares - diluted (a)		15,090,113			14,055,580			7.4	%
PERFORMANCE RATIOS:
Annualized return on average assets (a)(b)		1.08	%		1.10	%		-1.8	%
Annualized return on average common equity (a)(b)		11.85	%		13.62	%		-13.0	%
Yield on loans		5.82	%		6.07	%		-4.1	%
Yield on investments		4.38	%		4.91	%		-10.8	%
Yield on earning assets		5.41	%		5.72	%		-5.4	%
Cost of interest bearing deposits		1.03	%		1.60	%		-35.6	%
Cost of borrowings		2.92	%		2.40	%		21.7	%
Cost of paying liabilities		1.39	%		1.78	%		-21.9	%
Net interest margin (annualized) (g)		4.26	%		4.23	%		0.7	%
Efficiency ratio (g)		54.50	%		53.94	%		1.0	%
ASSET QUALITY RATIOS:
Net loan charge-offs	$	43,766		$	33,149			32.0	%
Annualized net loan charge-offs as a % of average loans (a)		1.27	%		0.97	%		30.9	%
CAPITAL AND LIQUIDITY:
Average equity / Average assets (a)		10.52	%		9.42	%		11.7	%
Average equity / Average loans (a)		16.04	%		14.43	%		11.2	%
Average loans / Average deposits (a)		88.89	%		91.79	%		-3.2	%
OTHER RATIOS (NON GAAP):
Annualized return on average tangible assets (a)(b)(e)		1.10	%		1.11	%		-0.9	%
Annualized return on average tangible common equity (a)(b)(c)		13.54	%		16.00	%		-15.4	%

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PARK NATIONAL CORPORATION

Financial Highlights (continued)

(a) Averages are for the quarters ended September 30, 2010, June 30, 2010, and September 30, 2009, and the nine-month periods ended September 30, 2010 and September 30, 2009.

(b) Reported measure uses net income available to common shareholders.

(c) Net income available to common shareholders for each period divided by average tangible common equity during the period.  Average tangible common equity equals average stockholders' equity during the applicable period less (i) average preferred stock during the applicable period and (ii) average goodwill and other intangibles during the applicable period.

RECONCILIATION OF AVERAGE STOCKHOLDERS' EQUITY TO AVERAGE TANGIBLE COMMON EQUITY:
	THREE MONTHS ENDED						NINE MONTHS ENDED
	September 30, 2010		June 30, 2010		September 30, 2009		September 30, 2010		September 30, 2009
AVERAGE STOCKHOLDERS' EQUITY	$	756,939	$	741,006	$	674,541	$	741,837	$	661,174
Less:  Average preferred stock		96,972		96,770		96,183		96,771		95,994
Average goodwill and other intangibles		79,651		80,469		83,261		80,492		84,194
AVERAGE TANGIBLE COMMON EQUITY	$	580,316	$	563,767	$	495,097	$	564,574	$	480,986

(d) Tangible common equity equals ending stockholders' equity less preferred stock and goodwill and other intangibles, in each case at the end of the period.

RECONCILIATION OF STOCKHOLDERS' EQUITY TO TANGIBLE COMMON EQUITY:
	September 30, 2010		June 30, 2010		September 30, 2009
STOCKHOLDERS' EQUITY	$	756,627	$	749,939	$	687,327
Less: Preferred stock		97,088		96,886		96,292
Goodwill and other intangibles		79,199		80,021		82,735
TANGIBLE COMMON EQUITY	$	580,340	$	573,032	$	508,300

(e) Net income available to common shareholders for each period divided by average tangible assets during the period.  Average tangible assets equals average assets less average goodwill and other intangibles.

RECONCILIATION OF AVERAGE ASSETS TO AVERAGE TANGIBLE ASSETS:
	THREE MONTHS ENDED						NINE MONTHS ENDED
	September 30, 2010		June 30, 2010		September 30, 2009		September 30, 2010		September 30, 2009
AVERAGE ASSETS	$	7,052,789	$	7,018,710	$	6,975,918	$	7,052,488	$	7,021,726
Less:  Average goodwill and other intangibles		79,651		80,469		83,261		80,492		84,194
AVERAGE TANGIBLE ASSETS	$	6,973,138	$	6,938,241	$	6,892,657	$	6,971,996	$	6,937,532

(f) Tangible common equity divided by tangible assets. Tangible assets equals total assets less goodwill and other intangibles.

RECONCILIATION OF TOTAL ASSETS TO TANGIBLE ASSETS:
	September 30, 2010		June 30, 2010		September 30, 2009
TOTAL ASSETS	$	7,090,456	$	7,093,098	$	6,970,678
Less: Goodwill and other intangibles		79,199		80,021		82,735
TANGIBLE ASSETS	$	7,011,257	$	7,013,077	$	6,887,943

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PARK NATIONAL CORPORATION

Financial Highlights (continued)

(g) Efficiency ratio is calculated by taking total other expense divided by the sum of fully taxable equivalent net interest income and other income. Fully taxable equivalent net interest income reconciliation is shown below assuming a 35% tax rate. Additionally, net interest margin is calculated on a fully taxable equivalent basis.

RECONCILIATION OF FULLY TAXABLE EQUIVALENT NET INTEREST INCOME TO NET INTEREST INCOME
	THREE MONTHS ENDED						NINE MONTHS ENDED
	September 30, 2010		June 30, 2010		September 30, 2009		September 30, 2010		September 30, 2009
Interest income	$	86,682	$	87,242	$	91,868	$	261,126	$	277,325
Fully taxable equivalent adjustment		553		473		478		1,507		1,577
Fully taxable equivalent interest income	$	87,235	$	87,715	$	92,346	$	262,633	$	278,902
Interest expense		17,237		18,521		23,406		55,580		72,636
Fully taxable equivalent net interest income	$	69,998	$	69,194	$	68,940	$	207,053	$	206,266

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PARK NATIONAL CORPORATION
Consolidated Statements of Income
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands, except share and per share data)	2010		2009		2010		2009
Interest income:
Interest and fees on loans	$	67,123	$	69,339	$	200,287	$	206,923
Interest on:
Obligations of U.S. Government, its agencies
and other securities		19,333		22,204		60,071		69,233
Obligations of states and political subdivisions		192		316		613		1,131
Other interest income		34		9		155		38
Total interest income		86,682		91,868		261,126		277,325
Interest expense:
Interest on deposits:
Demand and savings deposits		1,263		2,768		4,620		8,482
Time deposits		8,532		13,362		28,700		41,536
Interest on borrowings		7,442		7,276		22,260		22,618
Total interest expense		17,237		23,406		55,580		72,636
Net interest income		69,445		68,462		205,546		204,689
Provision for loan losses		14,654		14,958		44,454		43,101
Net interest income after provision for loan losses		54,791		53,504		161,092		161,588
Other income		17,530		18,165		50,887		57,132
Gain on sale of securities		—		—		11,819		7,340
Other expense:
Salaries and employee benefits		24,500		25,589		73,684		76,410
Occupancy expense		2,840		2,772		8,750		8,812
Furniture and equipment expense		2,624		2,463		7,820		7,339
Other expense		15,732		15,228		50,333		49,504
Total other expense		45,696		46,052		140,587		142,065
Income before income taxes		26,625		25,617		83,211		83,995
Income taxes		7,048		6,418		21,689		22,099
Net income	$	19,577	$	19,199	$	61,522	$	61,896
Preferred stock dividends and accretion		1,452		1,440		4,355		4,321
Net income available to common shareholders	$	18,125	$	17,759	$	57,167	$	57,575
Per Common Share:
Net income  - basic	$	1.19	$	1.25	$	3.79	$	4.10
Net income  - diluted	$	1.19	$	1.25	$	3.79	$	4.10
Weighted average shares - basic		15,272,720		14,193,411		15,090,113		14,055,580
Weighted average shares - diluted		15,272,720		14,193,411		15,090,113		14,055,580

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PARK NATIONAL CORPORATION
Consolidated Balance Sheets
(in thousands, except share data)	September 30, 2010			Dec. 31, 2009			September 30, 2009
Assets
Cash and due from banks	$	115,795		$	116,802		$	127,079
Money market instruments		17,791			42,289			10,583
Investment securities		1,896,969			1,863,560			1,873,953
Loans		4,656,902			4,640,432			4,615,101
Allowance for loan losses		117,405			116,717			110,040
Loans, net		4,539,497			4,523,715			4,505,061
Bank premises and equipment, net		70,401			69,091			67,194
Goodwill and other intangibles		79,199			81,799			82,735
Other real estate owned		52,837			41,240			47,015
Other assets		317,967			301,833			257,058
Total assets	$	7,090,456		$	7,040,329		$	6,970,678
Liabilities and Stockholders' Equity
Deposits:
Noninterest bearing	$	909,619		$	897,243		$	817,897
Interest bearing		4,190,411			4,290,809			4,297,079
Total deposits		5,100,030			5,188,052			5,114,976
Borrowings		1,003,624			1,053,850			1,066,757
Other liabilities		230,175			81,163			101,618
Total liabilities	$	6,333,829		$	6,323,065		$	6,283,351
Stockholders' Equity:
Preferred Stock (200,000 shares authorized in 2010 and 2009;
100,000 shares issued in 2010 and 2009)	$	97,088		$	96,483		$	96,292
Common stock (No par value; 20,000,000 shares authorized
in 2010 and 2009;  16,151,076 shares issued at September 30, 2010,
16,151,112 at December 31, 2009, and 16,151,123 at September 30, 2009)		301,206			301,208			301,209
Common stock warrants		4,509			5,361			4,297
Accumulated other comprehensive income, net of taxes		12,354			15,661			20,018
Retained earnings		428,876			423,872			447,122
Treasury stock (848,832 shares at September 30, 2010, 1,268,332 at
December 31, 2009 and 1,891,152 shares at September 30, 2009)		(87,406	)		(125,321	)		(181,611	)
Total stockholders' equity	$	756,627		$	717,264		$	687,327
Total liabilities and stockholders' equity	$	7,090,456		$	7,040,329		$	6,970,678

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PARK NATIONAL CORPORATION
Consolidated Average Balance Sheets
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in thousands)	2010			2009			2010			2009
Assets
Cash and due from banks	$	122,405		$	109,935		$	115,944		$	111,988
Money market instruments		67,923			31,661			95,917			25,571
Investment securities		1,811,797			1,881,061			1,821,587			1,957,788
Loans		4,651,739			4,610,716			4,624,692			4,582,037
Allowance for loan losses		122,717			104,763			120,158			101,821
Loans, net		4,529,022			4,505,953			4,504,534			4,480,216
Bank premises and equipment, net		70,206			67,124			69,684			67,846
Goodwill and other intangibles		79,651			83,261			80,492			84,194
Other real estate owned		47,971			44,155			45,379			36,535
Other assets		323,814			252,768			318,951			257,588
Total assets	$	7,052,789		$	6,975,918		$	7,052,488		$	7,021,726
Liabilities and Stockholders' Equity
Deposits:
Noninterest bearing	$	906,376		$	817,625		$	889,933		$	805,488
Interest bearing		4,283,050			4,315,622			4,312,565			4,186,578
Total deposits		5,189,426			5,133,247			5,202,498			4,992,066
Borrowings		1,014,433			1,058,303			1,021,029			1,257,673
Other liabilities		91,991			109,827			87,124			110,813
Total liabilities	$	6,295,850		$	6,301,377		$	6,310,651		$	6,360,552
Stockholders' Equity:
Preferred stock	$	96,972		$	96,183		$	96,771		$	95,994
Common stock		301,206			301,209			301,219			301,209
Common stock warrants		4,590			4,297			4,962			4,297
Accumulated other comprehensive income, net of taxes		15,462			10,160			16,930			10,752
Retained earnings		428,878			450,506			428,500			449,007
Treasury stock		(90,169	)		(187,814	)		(106,545	)		(200,085	)
Total stockholders' equity	$	756,939		$	674,541		$	741,837		$	661,174
Total liabilities and stockholders' equity	$	7,052,789		$	6,975,918		$	7,052,488		$	7,021,726

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PARK NATIONAL CORPORATION
Consolidated Statements of Income - Linked Quarters
	2010		2010		2010		2009		2009
(in thousands, except per share data)	3rd QTR		2nd QTR		1st QTR		4th QTR		3rd QTR
Interest income:
Interest and fees on loans	$	67,123	$	66,723	$	66,441	$	68,676	$	69,339
Interest on:
Obligations of U.S. Government, its agencies
and other securities		19,333		20,263		20,475		21,325		22,204
Obligations of states and political subdivisions		192		204		217		286		316
Other interest income		34		52		69		78		9
Total interest income		86,682		87,242		87,202		90,365		91,868
Interest expense:
Interest on deposits:
Demand and savings deposits		1,263		1,582		1,775		2,333		2,768
Time deposits		8,532		9,518		10,650		12,269		13,362
Interest on borrowings		7,442		7,421		7,397		6,961		7,276
Total interest expense		17,237		18,521		19,822		21,563		23,406
Net interest income		69,445		68,721		67,380		68,802		68,462
Provision for loan losses		14,654		13,250		16,550		25,720		14,958
Net interest income after provision for loan losses		54,791		55,471		50,830		43,082		53,504
Other income		17,530		16,647		16,710		16,718		18,165
Gain on sale of securities		—		3,515		8,304		—		—
Other expense:
Salaries and employee benefits		24,500		24,013		25,171		24,815		25,589
Occupancy expense		2,840		2,793		3,117		2,740		2,772
Furniture and equipment expense		2,624		2,564		2,632		2,395		2,463
Other expense		15,732		17,631		16,970		16,710		15,228
Total other expense		45,696		47,001		47,890		46,660		46,052
Income before income taxes		26,625		28,632		27,954		13,140		25,617
Income taxes		7,048		7,466		7,175		844		6,418
Net income	$	19,577	$	21,166	$	20,779	$	12,296	$	19,199
Preferred stock dividends and accretion		1,452		1,451		1,452		1,441		1,440
Net income available to common shareholders	$	18,125	$	19,715	$	19,327	$	10,855	$	17,759
Per Common Share:
Net income  - basic	$	1.19	$	1.30	$	1.30	$	0.74	$	1.25
Net income  - diluted	$	1.19	$	1.30	$	1.30	$	0.74	$	1.25

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PARK NATIONAL CORPORATION
Detail of other income and other expense - Linked Quarters
	2010		2010		2010		2009		2009
(in thousands)	3rd QTR		2nd QTR		1st QTR		4th QTR		3rd QTR
Other income:
Income from fiduciary activities	$	3,314	$	3,528	$	3,422	$	3,397	$	3,071
Service charges on deposits		5,026		5,092		4,746		5,604		5,788
Other service income		3,909		3,476		2,982		3,588		3,895
Checkcard fee income		2,900		2,765		2,444		2,488		2,342
Bank owned life insurance income		1,313		1,254		1,216		1,329		1,297
Other		1,068		532		1,900		312		1,772
Total other income	$	17,530	$	16,647	$	16,710	$	16,718	$	18,165
Other expense:
Salaries and employee benefits	$	24,500	$	24,013	$	25,171	$	24,815	$	25,589
Net occupancy expense		2,840		2,793		3,117		2,740		2,772
Furniture and equipment expense		2,624		2,564		2,632		2,395		2,463
Data processing fees		1,403		1,394		1,593		1,544		1,323
Professional fees and services		4,477		5,299		4,856		5,385		3,725
Amortization of intangibles		822		842		936		937		936
Marketing		840		946		902		943		983
Insurance		2,316		2,333		2,198		2,376		2,254
Communication		1,696		1,647		1,769		1,720		1,652
State taxes		865		838		845		424		892
Other		3,313		4,332		3,871		3,381		3,463
Total other expense	$	45,696	$	47,001	$	47,890	$	46,660	$	46,052

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PARK NATIONAL CORPORATION
Asset Quality Information
	Quarter ended									Year ended December 31,
(in thousands, except ratios)	September 30, 2010			June 30, 2010			March 31, 2010			2009			2008			2007
Allowance for loan losses:
Allowance for loan losses, beginning of period	$	120,676		$	119,674		$	116,717		$	100,088		$	87,102		$	70,500
Charge-offs		19,205			13,273			15,578			59,022			62,916			27,776
Recoveries		1,280			1,025			1,985			6,830			5,415			5,568
Net charge-offs		17,925			12,248			13,593			52,192			57,501			22,208
Provision for loan losses		14,654			13,250			16,550			68,821			70,487			29,476
Allowance for loan losses of acquired bank		—			—			—			—			—			9,334
Allowance for loan losses, end of period	$	117,405		$	120,676		$	119,674		$	116,717		$	100,088		$	87,102
Asset Quality Ratios:
Net charge-offs as a % of average loans (annualized for quarterly periods)		1.53	%		1.07	%		1.19	%		1.14	%		1.32	%		0.55	%
Allowance for loan losses as a % of period end loans		2.52	%		2.59	%		2.60	%		2.52	%		2.23	%		2.06	%
Nonperforming Assets:
Nonaccrual loans	$	237,194		$	237,640		$	230,498		$	233,544		$	159,512		$	101,128
Renegotiated loans		—			214			60			142			2,845			2,804
Loans past due 90 days or more		10,700			17,283			11,853			14,773			5,421			4,545
Total nonperforming loans	$	247,894		$	255,137		$	242,411		$	248,459		$	167,778		$	108,477
Other real estate owned - Ohio-based operations		9,658			9,554			10,802			6,037			6,149			6,369
Other real estate owned - Vision Bank		43,179			36,902			35,052			35,203			19,699			7,074
Total nonperforming assets	$	300,731		$	301,593		$	288,265		$	289,699		$	193,626		$	121,920
Percentage of nonperforming loans to period end loans		5.32	%		5.48	%		5.27	%		5.35	%		3.74	%		2.57	%
Percentage of nonperforming assets to period end loans		6.46	%		6.48	%		6.27	%		6.24	%		4.31	%		2.89	%
Percentage of nonperforming assets to period end assets		4.24	%		4.25	%		4.02	%		4.11	%		2.74	%		1.88	%
New nonaccrual loan information:
Nonaccrual loans, beginning of period	$	237,640		$	230,498		$	233,544		$	159,512		$	101,128		$	16,004
New nonaccrual loans		34,104			30,870			30,252			184,181			141,749			113,720
Resolved nonaccrual loans		34,550			23,728			33,298			110,149			83,365			28,596
Nonaccrual loans, end of period	$	237,194		$	237,640		$	230,498		$	233,544		$	159,512		$	101,128
Impaired Commercial Loan Portfolio Information (period end):
Unpaid principal balance	$	254,356		$	250,305		$	244,822		$	245,092		$	171,310		$	100,307
Prior charge-offs		48,201			46,731			46,175			43,949			29,967			10,226
Remaining principal balance		206,155			203,574			198,647			201,143			141,343			90,081
Specific reserves		35,293			38,767			38,739			36,721			8,875			3,492
Book value, after specific reserve	$	170,862		$	164,807		$	159,908		$	164,422		$	132,468		$	86,589
Vision Bank Commercial Land & Development (CL&D) Loan Portfolio Information:
CL&D loans, period end	$	175,988		$	192,051		$	200,112		$	218,205		$	251,443		$	295,743
Performing CL&D loans, period end		93,361			97,562			116,672			132,788			191,712			260,195
Impaired CL&D loans, period end		82,627			94,489			83,440			85,417			59,731			35,548
Specific reserve on impaired CL&D loans		19,644			25,006			24,404			21,706			3,134			1,184
Book value of impaired CL&D loans, after specific reserve	$	62,983		$	69,483		$	59,036		$	63,711		$	56,597		$	34,364
Cumulative prior charge-offs on impaired Vision Bank CL&D loans, period end	$	26,141		$	23,973		$	26,334		$	24,931		$	18,839		$	7,399

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