805676--2/29/2008--PARK_NATIONAL_CORP

related topics

{financial, litigation, operation}

{loss, insurance, financial}

{competitive, industry, competition}

{loan, real, estate}

{regulation, change, law}

{system, service, information}

{tax, income, asset}

{acquisition, growth, future}

{condition, economic, financial}

{operation, international, foreign}

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. The preparation of our financial statements requires the use of estimates that may vary from actual results. We extend credit to a variety of customers based on internally set standards and the judgment of our loan officers and bank 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. Changes in interest rates could have a material adverse effect on our financial condition and results of operations. We operate in extremely competitive markets, and our business will suffer if we are unable to compete effectively. Consumers may decide not to use banks to complete their financial transactions. We have no prior operating experience in the Alabama and Florida markets in which Vision Bank operates. We may face risks and uncertainties as we convert our Ohio-based community banking subsidiaries and divisions to one operating system and combine their charters. Impairment of goodwill or other intangible assets could require further charges to earnings, which could result in a negative impact on our results of operations. 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 could adversely impact us or the businesses in which we are engaged. 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 and results of operation. Environmental liability associated with commercial lending could have a material adverse effect on our business, financial condition and results of operations. 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.

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805676--2/29/2008--PARK_NATIONAL_CORP_/OH/