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PARK NATIONAL CORPORATION, NEWARK, OHIO REPORTS THIRD QUARTER, 1992 EARNINGS

 PARK NATIONAL CORPORATION, NEWARK, OHIO
 REPORTS THIRD QUARTER, 1992 EARNINGS
 NEWARK, Ohio, Oct. 13 /PRNewswire/ -- Park National Corporation (NASDAQ/NMS: PARK) today announced earnings for the third quarter of 1992. Net income for the third quarter totaled $4.449 million or $1.26 per share compared to $3.922 million or $1.11 per share in 1991. Net income for the first nine months of 1992 totaled $12.990 million or $3.67 per share compared net income of $11.963 million or $3.38 per share for the first nine months of 1991, an increase of 8.6 percent.
 William T. McConnell, president and chief executive officer of Park, said that year to year loan outstandings growth of 5.7 percent is gratifying in an economy where good quality loans are not readily available. He also indicated the increase in net interest income and fees resulting from mortgage loan refinancing were key to achieving the increase in net income.
 Park National Corporation, a $1.2 billion asset Ohio based bank holding company, increased the number of full service branches to thirty-seven with the opening of a Fairfield National Division branch in the Kroger supermarket, Pickerington.
 -0- 10/13/92
 /CONTACT: Jerry Nethers, Vice President and Director of Marketing, 614-349-3710, or David Bowers, CFO, 614-349-3708, both of Park National Corporation/
 (PARK) CO: Park National Corporation ST: Ohio IN: FIN SU: ERN


BM -- CL024 -- 9613 10/13/92 18:22 EDT
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Publication:PR Newswire
Date:Oct 13, 1992
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