Park National Corporation Declares $0.94 Quarterly Cash Dividend and Provides Update About Quarterly Earnings Report

Park National Corporation Declares $0.94 Quarterly Cash Dividend and Provides
Update About Quarterly Earnings Report

NEWARK, Ohio, Oct. 16, 2012 (GLOBE NEWSWIRE) -- Park National Corporation's
(Park) (NYSE Amex:PRK) Board of Directors today declared a $0.94 per common
share quarterly cash dividend, payable on December 7, 2012 to common
shareholders of record as of November 23, 2012. The board also reported it
plans to announce financial results for the third quarter ended September 30,
2012 on October 29, 2012.

Today, management reviewed with the Board of Directors details pertaining to a
loan relationship that may require the recording of a charge-off of up to
$13.0 million (and corresponding loan loss provision). If the full charge-off
(and loan loss provision) of $13.0 million were to be recorded, diluted
earnings per common share are expected to be $0.78 for the third quarter of
2012 and $3.82 for the nine months ended September 30, 2012. If no charge-off
(or loan loss provision) were required to be recorded for this specific loan
relationship, diluted earnings per common share for the third quarter and
first nine months of 2012 are expected to be $1.33 and $4.37, respectively.
Management is working to gain additional information regarding this specific
loan relationship prior to releasing earnings for the periods ended September
30, 2012.

Headquartered in Newark, Ohio, Park National Corporation has $6.7 billion in
total assets (as of June 30, 2012). Park consists of 11 community bank
divisions, a non-bank subsidiary 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 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, and its subsidiary Scope Leasing, Inc. (d.b.a. Scope Aircraft
Finance). Park's other operating subsidiaries include Guardian Financial
Services Company (d.b.a. Guardian Finance Company) and SE Property Holdings,
LLC.

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

Park cautions that any forward-looking statements contained in this news
release or made by management of Park 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 sell OREO
properties at prices as favorable as anticipated; 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; changes in interest
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 "Dodd-Frank Act"), as well as future
regulations which will be adopted by the relevant regulatory agencies,
including the Consumer Financial Protection Bureau, the SEC and NYSE MKT LLC,
to implement the Dodd-Frank Act's provisions; the effect of changes in
accounting policies and practices, as may be adopted by the Financial
Accounting Standards Board, the SEC, the Public Company Accounting Oversight
Board and other regulatory agencies, and the accuracy of our assumptions and
estimates used to prepare our financial statements; the effect of fiscal and
governmental policies of the United States federal government; adequacy of our
risk management program; a failure in or breach of our operational or security
systems or infrastructure, or those of our third-party vendors and other
service providers, including as a result of cyber attacks; 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, 2011 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, 2012. 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.

CONTACT: Media contacts:
         Bethany Lewis, 740.349.0421,
         blewis@parknationalbank.com
         or John Kozak, 740.349.3792