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PARK NATIONAL CORPORATION, NEWARK, OHIO REPORTS FOURTH QUARTER AND YEAR-END 1992 EARNINGS

 NEWARK, Ohio, Jan. 19 /PRNewswire/ -- Park National Corporation (NASDAQ/NMS: PARK) today announced record earnings for l992. Net income totaled $l6.5 million ($4.66 per share) compared with net income of $l5.l million ($4.26 per share) for 1991. Net income was $3.5 million ($ .99 per share) and $3.l million ($ .88 per share) for the fourth quarter of l992 and l991 respectively.
 In conjunction with announcing these results, the board of directors approved a cash dividend of $ .40 per share, payable on March l0, l993, to stockholders of record Feb. l9, l993.
 In addition, the board of directors of Park passed a resolution recommending the stockholders approve at the April l9, l993 Annual Meeting the elimination of the par value of the common stock in order to provide the company greater flexibility in the future with respect to such common stock.
 Park National Corporation is a $l.2 billion financial services holding company, headquartered in Newark, Ohio whose subsidiaries include Park National Bank (Newark and Columbus, Ohio), Fairfield National Division (Lancaster, Ohio), Richland Trust Company (Mansfield, Ohio) and Mutual Federal Savings Bank (Zanesville, Ohio). Park has thirty-seven full-service banking offices and a network of 25 twenty- four hour teller machines in ten Central Ohio counties.
 -0- 1/19/93
 /CONTACT: Jerry Nethers, vice president, 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 DIV

BM -- CL022 -- 6506 01/19/93 15:46 EST
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Publication:PR Newswire
Date:Jan 19, 1993
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