Item 2.02 - Results of Operations and Financial Condition
On October 19, 2009, Park National Corporation ("Park") issued a news release (the "Operating Results News Release") announcing operating results for the three months and nine months ended September 30, 2009. A copy of the Operating Results News Release is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
Park's management uses certain non-GAAP (generally accepted accounting principles) financial measures to evaluate Park's performance. Specifically, management reviews net income before impairment charge, net income available to common shareholders before impairment charge, net income before impairment charge per share-diluted, return on average tangible assets before impairment charge, return on average assets before impairment charge, return on average tangible realized common equity before impairment charge, return on average common equity before impairment charge, return on average tangible realized common equity and return on average tangible assets. Management has included, in the Operating Results News Release, information relating to these non-GAAP financial measures for the three-month and nine-month periods ended September 30, 2009 and 2008. Management believes that the non-GAAP measures present additional information to the reader of the consolidated financial statements, which, when read in conjunction with the consolidated financial statements prepared in accordance with GAAP, assist in analyzing Park's operating performance and ensure comparability of operating performance from period to period. In the Operating Results News Release, Park has provided a reconciliation of the GAAP to non-GAAP measures solely for the purpose of complying with SEC Regulation G and not as an indication that the non-GAAP measures are a substitute for the GAAP measurements. Item 8.01 - Other Events
Declaration of Cash Dividend
As reported in the Operating Results News Release, on October 19, 2009, the Park Board of Directors declared a $0.94 per share regular quarterly cash dividend in respect of Park's common shares. The dividend is payable on December 10, 2009 to common shareholders of record as of the close of business on November 25, 2009. A copy of the News Release is included as Exhibit 99.1 and incorporated by reference herein.

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