805676--2/24/2010--PARK_NATIONAL_CORP

related topics

{loss, insurance, financial}

{condition, economic, financial}

{financial, litigation, operation}

{regulation, change, law}

{loan, real, estate}

{system, service, information}

{acquisition, growth, future}

{debt, indebtedness, cash}

{stock, price, share}

{competitive, industry, competition}

{operation, international, foreign}

Our business may be adversely affected by current conditions in the financial markets, the real estate market and economic conditions generally. A default by another larger financial institution could adversely affect financial markets generally. Current levels of market volatility are unprecedented. Changes in economic and political conditions could adversely affect our earnings, cash flows and capital, as our borrowers ability to repay loans and the value of the collateral securing our loans decline. Increases in FDIC insurance premiums may have a material adverse affect on our earnings. Because of our participation in the Capital Purchase Program, we are subject to several restrictions, including restrictions on our ability to declare or pay dividends and repurchase our shares and restrictions on compensation paid to our executive officers and certain other most highly-compensated employees. Changes in interest rates could have a material adverse effect on our financial condition, results of operations and cash flows. Legislative or regulatory changes or actions could adversely impact us or the businesses in which we are engaged. We extend credit to a variety of customers based on internally set standards and the judgment of our loan officers and bank division presidents. We manage the credit risk through a program of underwriting standards, the review of certain credit decisions and an on-going process of assessing the quality of the credit already extended. Our credit standards and on-going process of credit assessment might not protect us from significant credit losses. We may elect or be compelled to seek additional capital in the future, but that capital may not be available when it is needed. Our allowance for loan losses may prove to be insufficient to absorb potential losses in our loan portfolio. We are exposed to operational risk. We depend upon the accuracy and completeness of information about customers and counterparties. Changes in accounting standards could impact reported earnings. We may be a defendant from time to time in the future in a variety of litigation and other actions, which could have a material adverse effect on our financial condition, results of operations and cash flows. We are a holding company and depend on our subsidiaries for dividends, distributions and other payments. Unauthorized disclosure of sensitive or confidential client or customer information, whether through a breach of our computer systems or otherwise, could severely harm our business. Derivative transactions may expose us to unexpected risk and potential losses.

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805676--2/24/2010--PARK_NATIONAL_CORP_/OH/