805676--2/28/2007--PARK_NATIONAL_CORP

related topics

{financial, litigation, operation}

{loss, insurance, financial}

{acquisition, growth, future}

{competitive, industry, competition}

{loan, real, estate}

{regulation, change, law}

{cost, operation, labor}

{tax, income, asset}

{condition, economic, financial}

{operation, international, foreign}

Changes in interest rates could have a material adverse effect on our financial condition and results of operations. We extend credit to a variety of customers based on internally set standards and judgment. We manage the credit risk through a program of underwriting standards, the review of certain credit decisions and an on-going process of assessment of 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. Changes in economic and political conditions could adversely affect our earnings, as our borrowers ability to repay loans and the value of the collateral securing our loans decline. We operate in an extremely competitive market, and our business will suffer if we are unable to compete effectively. We are exposed to operational risk. We depend upon the accuracy and completeness of information about customers and counterparties. Legislative or regulatory changes or actions, or significant litigation, could adversely impact us or the businesses in which we are engaged. Environmental liability associated with commercial lending could have a material adverse effect on our business, financial condition and results of operations. We have no prior operating experience in the Alabama and Florida markets in which Vision and its subsidiaries operate. We could experience difficulties in effectively integrating Vision and Anderson. Our business strategy includes growth plans. Our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively. Impairment of goodwill or other intangible assets could require charges to earnings, which could result in a negative impact on our results of operations. Changes in accounting standards could impact reported earnings. The preparation of our financial statements requires the use of estimates that may vary from actual results. Consumers may decide not to use banks to complete their financial transactions. 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 and results of operation.

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805676--2/28/2007--PARK_NATIONAL_CORP_/OH/