Annual Report
Park National Corporation Annual Report | 1
2022 Table of Contents
L E T T E R TO S HA RE HOLDE RS
At a Glance
2 02 2 HIGH LIG HT S
Associate Engagement
Technical Capabilities
Financial Strength
CO MM UN IT Y IM PACT
BANK LE ADE RSH IP & LOCATIONS
3
5
8
8
11
12
14
18
L E T T E R T O S H A R E H O L D E R S
Dear fellow shareholders,
This letter usually starts with a recap of our favorite numbers. This year is no
exception. Here are ours for the last several years:
Return on Average Equity (ROAE)
13.78% 14.45% 12.68% 11.14%
2022
2021
2020
2019
Return on Average Assets (ROAA)
1.48%
1.56%
1.38%
1.21%
Net Interest Margin (NIM)
3.80%
3.69%
3.93%
3.89%
David L. Trautman
Chair and
Chief Executive Officer
Matthew R. Miller
President
Earnings Per Share (EPS) - Diluted
$9.06
$9.37
$7.80
$6.29
Efficiency Ratio1
61.24% 61.27% 62.83% 66.35%
Normally, you would see the most recent three years. This year, we added 2019,
because it was the last year before COVID. The 2½ years of COVID, COVID effects,
COVID restrictions, etc. qualified as extraordinary circumstances, in our opinion.
Thus, we wanted to give you an “apples to apples” comparison, i.e., 2022 to 2019.
Over this period, four of our favorite numbers (ROAE, ROAA, Efficiency Ratio1
and EPS) improved; one (NIM) did not. You will find more details on our financial
performance in our Form 10-K.
We don’t normally comment on PRK stock price, and we won’t violate our canon
here. However, we believe the table below is instructive. Generally, when Earnings
Per Share increase, the stock price does as well.
2022
2019
Earnings Per Share (EPS) - Diluted
$9.06
$6.29
Year End PRK Price/Share
$140.75
$102.38
Price/Earnings Ratio
15.5
16.3
Each year brings its own adventures. We began 2022, as we do each year, with
a solid plan ― a budget based on our best understanding of how the year would
unfold. Coaches, teachers, and other leaders will tell you that while planning is
essential, plans less so. The reality is that when the game begins, the year starts,
the lights go on, etc., unknown factors and shifting conditions begin to bear upon
the plan. Ideally, leaders and organizations flex with this new information, adjusting
their conclusions to the new evidence. So it was for us this year, and is every year.
1 Efficiency ratio is calculated by dividing total other expense by the sum of fully taxable equivalent net interest income and other income.
Fully taxable equivalent net interest income includes the effects of taxable equivalent adjustments using a 21% federal corporate income
tax rate. The taxable equivalent adjustments were $3.5 million, $2.9 million, $2.9 million, and $3.0 million for the years ended December 31,
2022, 2021, 2020 and 2019 respectively.
Park National Corporation Annual Report | 3
Not necessarily
unprecedented
During the pandemic, one of the words used most
often to describe the then-current state of affairs
was “unprecedented.” Painful, yes. Traumatic, yes.
Uncomfortable, clearly. But unprecedented? No.
There have been, and sadly, will be other pandemics.
As INTE RE ST R ATES began to increase last year,
it seemed that we heard that word — unprecedented
― again. But of course interest rates have risen and
fallen many times over decades. We expected that
inflation and interest rates would increase at some
point, but how much and when was anybody’s guess.
We attempt to position our balance sheet so swings
in interest rates — either way — do not unduly impact
earnings. As it turned out, our balance sheet was well-
positioned as rates increased. You can see how our Net
Interest Margin increased in 2022 as rates increased:
Quarter
Net Interest Margin
1st
2nd
3rd
4th
3.55%
3.84%
3.81%
3.98%
Banking looks
different today
There’s no doubt the banking experience and the
places and pathways in which we deliver service look
a little different than they used to. Our customers
connect with us differently than they did 5, 10 or even
20 years ago. When customer service preference
winds shift, we alter our service sails.
Last year, roughly 80% of our inquiries and
transactions were completed through DIGITAL
CHAN N E LS. This trend has accelerated and won’t
slow down soon.
4 | Park National Corporation Annual Report
We have invested in people and tools
to help us better understand when,
how and where customers engage
with us.
We will continue to invest in digital channels and
more efficient processes while remaining who we
are and have always been. We prioritize relationships
and retain the spirit of humanity in every connection
possible.
More than employees
We rarely use the term “employees” here. The people
who work for Park are colleagues; they are members
of the Park family. The organization will succeed to the
extent each member succeeds. Each is a leader in her
or his own right; each has a view, an opinion, a voice or
an ear that others do not.
So, last year we asked our colleagues for their
opinions on our BE NE FIT S lineup. Following is a
partial list of what they told us and how we responded:
Associates
value
Benefit that
addresses this
Paid time off
Enhanced vacation and personal time
policies, paid family caregiver leave,
paid parental leave, paid military leave
and extended bereavement leave
Saving for
retirement
Pension plan amendment creating a
more modernized and simplified plan
design while still offering a valuable
benefit
Wellbeing
Enhanced employee assistance
program and better health insurance
options (VSP vision insurance)
Our paid time off and pension plan benefits are now
among the best out there. Rewarding our colleagues
with competitive benefits is the right thing to do, and
we’re happy to do it.
Other favorite benefits will continue, like our employee
KSOP plan with generous company match. We’ll
continue to evaluate benefits in 2023 to ensure we’re
current with how we reward associates for their
dedication, loyalty and service.
Traditionally, we have woven into this letter stories
about our amazing Park bankers. They are remarkable
people who live and love to serve and who work
tirelessly to help everyone with whom they come in
contact flourish to the extent their abilities, energy and
ambition permit. This year you will see our colleagues
and their good work featured throughout the annual
report.
Balancing urgency
and reflection
Past CEOs Bill McConnell and John Alford used to
remind us to operate with a sense of urgency. Their
predecessor Everett Reese was famous for getting
quickly to the point, then acting. We share that
urgency today. We are also investing a great deal
in people, systems and processes that require a
substantial amount of reflection.
We now have roughly
309,000 consumer deposit customers,
140,000 consumer loan customers
and 7,500 trust customers.
If we are a fraction of a degree off with a system or
process change, the compounding effect of that error
quickly grows beyond the ability of an “all hands on
deck” solution. Think of it like this: If a plane departs
Los Angeles for New York and begins the trip 3½
degrees off course to the south, it will end up near
Washington, D.C. (thanks to James Clear in Atomic
Habits).
At a Glance
Park National Corporation
is a family of community
banking teams that deliver an
exceptional breadth and depth
of resources to individuals
and businesses. Our culture is
deeply rooted in the values of
service and philanthropy, and
we believe strong communities
are built with local volunteers,
donations and leadership.
We believe the way we treat
our customers, associates, and
communities is what sets us
apart from the competition and
sustains our success.
95O FFIC ES
115
ATMS
1,794
AS SO CI AT ES
4STAT ES
Park National Corporation Annual Report | 5
Thus, we deliberate, we reflect and we play out multiple
The world is changing; the world has always been
scenarios to ensure that our final decisions are (a)
changing. There will be innumerable things beyond
accurate, (b) scalable and (c) in the best interests of
our control, save one: our response. And we intend
our customers, colleagues and communities. Our
to ensure our responses remain positive, eager and
deliberations, while seeming devoid of urgency,
welcoming.
ultimately permit us to act more urgently than if we had
acted first without forethought.
Summer of
Celebration
As pandemic restrictions were lifted last year, we
found that our in-person gatherings took on the
character of a family reunion, marked by spontaneous
smiles, happy chatter and lots of catching up. We
discovered, or more appropriately, rediscovered, the
joy of being together. We missed seeing each other.
To capture and harness this spirit of joy, we gave
leaders some funds and urged them to gather
colleagues and CE L E BR AT E ― hence, our Summer
of Celebration.
Where are we going?
We have a number of new colleagues, many new
customers and probably a few new shareholders.
One question we often get is, “Where is Park going?”
In business schools, this question might be, “What’s
your vision for the organization?” Ours is simple and
straightforward:
We want to positively influence
everyone with whom we come
in contact.
It proved such a success that we are going to repeat it,
As we are bankers, this most often comes in the form
but this time throughout the entire year. In 2022, Park
of helping people with their financial affairs. But, Park
colleagues enjoyed axe throwing, baseball games,
bankers see this as a byproduct of helping people with
barbecues and picnics (see pictorial evidence later in
things that may have nothing to do with their financial
our report). We look forward to hearing about these
affairs — volunteering; speaking to a class; introducing
and other gatherings throughout 2023.
Change
CH AN GE MANAGE ME N T seems to draw an
unusually large amount of commentary, perhaps
because change is constant. It is our response to
change that will dictate whether we advance or retreat
in the face of it. Victor Frankl discussed this at length
in his book, Man’s Search for Meaning. He tells readers
that each of us controls our response to anything,
including change. At Park, we view change as a
catalyst for growth, not a reason to retreat. Headwinds
and steep slopes can be used to go faster; they need
not be feared.
new neighbors to local resources; supporting a cause
or organization; paying respects to a family at calling
hours. If we do these things well, then we are more
than an “option;” we are a person, a Park banker who
has become a trusted source of truth, empathy and
competence.
Widely dispersed;
unified in purpose
We have physical locations in four states. We have
colleagues in 14 states. Regardless of our location,
we are bound by a common desire to Serve More ―
customers and communities alike.
6 | Park National Corporation Annual Report
Here are just a few of the hundreds of comments we
received from community groups over the past year:
Special recognition
“Thank you and Park for your support of Vista
Village. We are grateful for your generosity,
investment in the project, and your desire for
your associates to provide hands-on volunteer
assistance.”
VISTA VILL AGE COLUMBUS, OH
“Your company’s generosity is making a
lasting difference in the world and changing
the trajectories of countless lives through
education. Because of your sponsorship,
students living in poverty will no longer arrive at
school empty-handed, and instead, will be able
to learn and grow into their fullest potential.
Your support will provide essential school
supplies for 127,000 children in nearly 200
high-need schools across the six districts we
serve ― enabling them to be confident to learn
and succeed in school, and in life.”
CL AS SROOM CENTR AL CHARLOTTE, NC
“I want you to know how truly appreciative
we are of your support of our ‘hand up not a
handout’ philosophy. On behalf of our board,
staff, volunteers and partner families at Habitat
MidOhio, thank you for making a difference.
Together we will continue to build needed
homes and strong, vibrant communities.”
H ABITAT FOR HUMANIT Y MID - O HIO
COLUMBUS, OH
“Thank you so much to Park National Bank for
your generosity and contribution toward the
Dr. Harvey Sloane [Patient] Assistance Fund
program. Together, we can change and save
lives.”
PARK DUVALL COMMUNIT Y HE ALTH C EN TE R
LOUISVILLE, KY
Dispersed in geography, united in service. Park bankers
care.
Many associates with distinguished careers spanning
30+ years retired in 2022. We extend our gratitude for
their decades of service to customers, colleagues and
communities.
The end of the year also brought retirements for a
number of our advisory board members. We extend
our most sincere gratitude for sharing their time,
business acumen and experience with us. We are
better because of them.
Final thoughts
Recently, we had a chance to hear Captain Charlie
Plumb, a U.S. Navy fighter pilot who flew combat
missions in Vietnam. After 75 missions, his plane
was shot down. Plumb ejected and parachuted into
enemy hands. After spending six years in captivity and
returning home, he had a chance encounter with the
person who packed his parachute.
Captain Plumb shared the significance of packing
parachutes for others, offering that a simple service
could have profound and lasting impacts. Those
who seek to pack parachutes look for opportunities
to serve beyond themselves, to serve without
expectation of repayment or recognition. This
approach parallels our desired mindset — to see
beyond ourselves in service to others and to view
others as people.
We pack parachutes for customers, colleagues and
community members every day. Please let us know if
we can pack a parachute for you, your family or your
friends.
Thank you for your support.
Park National Corporation Annual Report | 7
Associate
Engagement
SUMME R OF CE L E BR AT ION
As an expression of gratitude for our associates, we hosted a variety of appreciation events this summer. It presented
a great opportunity for colleagues to reconnect after the pandemic kept us apart for so long. Our leaders got creative
and invited teams and families to enjoy food trucks, balloon animals, axe throwing, a riverboat cruise, baseball games,
an afternoon at the zoo, Top Golf and more.
SPECIAL BONU S RE COGN ITION
As an expression of gratitude and recognition for driving strong results, a special bonus was awarded to associates in
November.
FLE XIBLE WO RK A RR ANG E M E N T S
Introduced as a result of the pandemic, flexible work arrangements (FWA) have proven to be mutually beneficial to the
bank and associates. We believe FWAs promote job satisfaction, allow associates more flexibility to meet personal
and professional obligations, encourage increased productivity, reduce turnover and increase engagement. Fifty-three
percent of our workforce has an active FWA, working in a remote or hybrid environment, in 14 states.
UPDATE D BE NE FIT S PACK AGE
As part of our strategic plan, we did a comprehensive review of all benefits and evaluated feedback from our 2021
benefits survey. The result was a modernized package that better aligns with associate wants and needs. New in 2023
are personal paid time off, holiday pay for part-time associates, extended bereavement leave, military leave, more
parental time off, and pension enhancements. We continue to offer an Employee Stock Ownership Plan with a 50%
company match, health and life insurance, dependent care assistance, a health flexible spending plan and long-term
disability leave. We also offer tuition reimbursement for qualified schooling and an employee assistance program
which provides associates and family members with access to confidential counseling and mental health support.
8 | Park National Corporation Annual Report
Associates enjoy a Summer of Celebration in a variety of ways.
Park National Corporation Annual Report | 9
“It’s exciting to be part of an
organization that’s intentional
about building innovation into
our culture and witnessing
how it transforms the
customer experience.”
Sara Jackson, Internal Communications
10 | Park National Corporation Annual Report
Technical
Capabilities
E N HANCE D DATA SCIE NCE CA PABI L IT IE S
Better access to data and more sophisticated data-driven insights are important drivers for the bank’s strategy. With
the foundation of the enterprise data warehouse now complete, we are layering on new capabilities by adding talented
colleagues to carry the discipline forward. An in-house data team, including chief information officer, lead data
scientist, lead data engineer and lead data architect, positions us well for supporting the organization’s data-driven
initiatives.
HUMA N CONNE CTION THROU G H IN N OVAT ION : PAR KDIR ECT
Park continues to lead the way with its innovative personal banking tool, ParkDirect. This unique and powerful solution
allows customers to foster deeper connections through digital conversations with their own personal banker. We
continue to see customer relationships being transformed through the convenience and humanity of ParkDirect and
are exploring integration of the platform into Park’s mobile banking app in 2023.
TE A MS AND TE CH U ND E RG O ST R ATE GI C U PG R AD E S
To better support our business lines and the bank’s initiatives, the Information Services team made some strategic
changes to roles and responsibilities. The alignment allows the department to connect more directly and deepen
relationships with business lines, while building new capabilities for supporting cloud and data initiatives. Protecting
our customers’ sensitive information remains a top priority and we continually review and update our systems to align
with the best cybersecurity practices.
TECHNOLOGY D R IVE S BE T TE R IN - BR AN CH E X PE R IE N C E
As branch banking evolves to be more consultative and less transactional, we piloted a new solution that allows
customers to engage with us when, where and how they prefer to meet. Appointment scheduling, available online and
in-branch, gives customers a dedicated time to talk with a banker at their preferred location or channel.
Park National Corporation Annual Report | 11
Financial
Strength
LE NDING AND LE ND ING A HA N D
Park’s loan performance held strong across multiple categories in 2022, and credit quality remained high due to the
dedication of our bankers. New partnerships with auto dealerships brought our indirect lending partners to more than
700 by year-end. Even amid market challenges, Scope Aircraft Finance remains among the top lenders in the industry.
NE W TOOLS SUPPORT B U SIN E S S C U STOM E RS
To keep pace with advancing technology, we launched a new business and commercial online banking platform. The
online and app-based experiences now feature more security, flexibility and ease, allowing us to better support our
business customers. Behind the scenes, our new commercial loan origination system was rolled out organization
wide, providing a more comprehensive solution for lenders, analysts and loan assistants to serve customers from
application to closing.
OF FIC E RE LOCAT IONS A ND E X PAN SION
Park expanded its presence in eastern North Carolina by opening a loan production office in Greensboro. The de novo
operation brings new opportunities and relationships to the bank and closed $41.5 million in loans in its first 7 months
in operation. The Charlotte Office relocated to a midtown location to take advantage of better accessibility, a full-
service banking center and onsite parking. The team welcomed customers to the new location with a fall barbecue.
NE W ATM FLE E T LE V E LS U P S E L F - SE RVIC E
Park’s rollout of entirely new ATM technology was completed in 2023. The 18-month project infused $8.3 million into
the bank’s 115 ATMs. Customers now enjoy single card insertion, enhanced security features, brighter screens and
larger text for improved readability.
12 | Park National Corporation Annual Report
“Most people forget about
financing during planning
your business. Park National
was very helpful during this
process.”
Krishna Rayapudi, MD, Hilliard Endo Center
Park National Corporation Annual Report | 13
Community
Community
Impact
Impact
COM M UN IT Y COM MITME N T
Years ago, Park CEO John Alford taught us, “If we take care of our community,
our community will take care of us.” So it has been, we always have — and
always will — keep the best interests of our communities in mind. Doing so
is a core part of our brand and culture. Our customers know they can rely on
Park to support the people and organizations working to build and care for our
communities.
In 2022, Park and gave more than $5.2 million to organizations that focus
on social services, economic development, education, housing, financial
education, and health and wellness.
D IVE RSIT Y, E QUIT Y & INCLU SION (D E I)
Our commitment to diversity and inclusion means providing every client or
prospective client an equal opportunity to succeed financially. We believe
it also means supporting a wide variety of community organizations and
programs, and hiring associates from different backgrounds, locations and
experiences.
In 2022, we expanded our DEI efforts by exploring new avenues for associate
training and development. A group of associates attended a pilot DEI-focused
workshop that included the opportunity to consider authentic stories from
around the world that draw people into a bigger story where everyone is
included. The purpose of the training is to:
Create conditions that foster safe, honest, self-reflective and productive
dialogue;
Encourage connection, listening and curiosity to further appreciate
differences and experiences; and
Apply frameworks and tools to promote inclusion and influence change.
Park’s board, leaders and DEI task force will continue to pursue key goals in
2023 related to diversity, equity and inclusion.
FINA NCIAL LITE R ACY
Park believes strongly in teaching our youth the value of saving for the future.
We partner with local schools to bring Junior Achievement and programming
about credit and savings to classrooms. In recent years, we’ve hosted the
American Bankers Association’s Lights, Camera, Save national video contest
and encouraged students to enter. In 2022, a Lancaster (OH) High School
student submitted the winning video titled “The Money Tree.”
Our mortgage lenders work with realtors and other housing agencies to
promote homebuyer education. It helps people understand what they need
to do to be ready to pursue home ownership. In 2022, we hosted first-time
homebuyer seminars in each of our regions.
Park National Corporation Annual Report | 15
By the Numbers
COM MUNIT Y D ONATIONS
$5,204,961
VOLUNTEER HOU RS
19,940+
ORGANIZ ATIONS
1,602
ARTS &
CULTURE
CLUBS &
AGENCIES
HOUSING & ECONOMIC
DEVELOPMENT
UNITED WAY &
SOCIAL SERVICE GROUPS
YOUTH EDUCATION
ARTS & SPORTS
14%
20%
11%
20%
35%
16 | Park National Corporation Annual Report
AFFOR DABLE H OU SING & COM M UN IT Y DE VE LOPM E N T
Park has supported construction, rehabilitation and preservation of affordable housing for more than 30 years
through investments in low-income housing tax credits through Ohio Capital Corporation for Housing. As the only
investor to have participated consistently from the beginning (1991), we have committed over $188 million to date.
Over the past three years, Park made more than $150 million in community development loans, which directly support
affordable housing, economic development, revitalization and stabilization.
In 2022, Park contributed more than $211,000 to housing initiatives, including Habitat for Humanity, in communities
across our service area. Habitat building projects are popular among associates, with Park volunteers contributing
hundreds of hours over the last decade.
We’re providing financing for a 52-unit housing project for human trafficking victims. The project, named Harriet’s
Hope for slave-turned-abolitionist Harriet Tubman who helped others escape slavery, is set to be built in 2023.
We are a major funding source for a 44-unit apartment complex for low-income seniors.
Park hosted a roundtable event with affordable housing developers in Charlotte to discuss opportunities and
challenges.
COMMUNIT Y HOM E LE N D ING
In 2022, a community home lending team was formed to promote home lending in new and bigger ways. These
mortgage lenders focus on community outreach and presentations to educate potential homebuyers about programs
that may benefit them. They offer first-time homebuyer and other specialized assistance programs including our
Home Sweet Home loans.
The team is committed to finding new ways to meet individuals and families where they are and helping make
homeownership a reality.
Park National Corporation Annual Report | 17
Bank Leadership
Todd Bogdan
Chief Operations Officer
Adrienne Brokaw
Chief Auditor
Brady Burt
Chief Financial Officer
Tom Button
Chief Credit Officer
Bryan Campolo
Metro Region Leader
Tom Cummiskey
Chief Trust and
Investment Officer
Malory Dcosta
Chief Information Officer
Mark Miller
Corporate Services Director
Matt Miller
President
Cheryl Snyder
Chief Retail Officer
David Trautman
Chair and CEO
Laura Tussing
Chief Experience Officer
Jeff Wilson
Chief Risk Officer
18 | Park National Corporation Annual Report
Board of Directors
William T. McConnell Emeritus, Director since 1977
Donna M. Alvarado
President
Frederic Bertley, Ph.D.
President and CEO
C. Daniel DeLawder
Chair, Executive Committee
F. W. Englefield IV
President
Alicia Sweet Hupp
President and CEO
Aguila International
COSI
Park National Corporation
Englefield, Inc.
Sweet Manufacturing Company
Director since 2013
Director since 2021
Director since 1994
Director since 2005
Director since 2015
Jason N. Judd
Senior Vice President and CFO
Stephen J. Kambeitz
Entrepreneur
Timothy S. McLain
Principal
D. Byrd Miller III
Retired
Matthew R. Miller
President
Express, Inc.
Dark Horse CPAs
William Barnet & Son, LLC
Park National Corporation
Director since 2019
Director since 2010
Director since 2010
Director since 2022
Director since 2019
Robert E. O’Neill
President
Mark R. Ramser
President
David L. Trautman
Chair and CEO
Leon Zazworsky
President
Southgate Corporation
Ohio Cumberland Gas Company
Park National Corporation
Mid State Systems, Inc
Director since 2013
Director since 2019
Director since 2005
Director since 2003
Executive Officers
Brady T. Burt
Chief Financial Officer
Matthew R. Miller
President
David L. Trautman
Chair and CEO
Park National Corporation Annual Report | 19
Advisory Board Members
C A R O L I N A R E G I O N
David B. Barnett
Retired, Park National Bank
Carl R. Bartlett
Retired, Wachovia
W. Louis Bissette Jr.
McGuire, Wood & Bissette Law Firm
Terrence L. Cash
Caman Group, Inc.
T. Alexander Evins
Parker Poe Adams & Bernstein, LLP
George M. Groome
Colton, Groome & Company
John D. Kimberly
Park National Bank
Samuel H. Maw Jr.
Retired, Denny’s Inc.
D. Byrd Miller III
Retired, William Barnet & Son, LLC
Joseph M. Pazdan II
McMillan Pazdan Smith Architecture
John S. Poole
Retired, Carolina Alliance Bank
William Allen Rogers II
Ewing Capital Partners, LLC/
Allen C. Ewing & Co.
Cheryl L. Snyder
Park National Bank
L. Terrell Sovey
Management Advisory Services, Inc.
Larry A. Webb
KDS Commercial Properties, Webb Development, LLC
W. Lewis White Sr.
W. Lewis White Company, Inc.
C E N T R A L R E G I O N
Dean DeRolph
Kumler Collision and Automotive
Jennifer Johns Friel
Midwest Fabricating Company
Leonard F. Gorsuch
Fairfield Homes/Gorsuch Construction
James L. McLain II
J. McLain CPA Group
S. Alan Risch
Risch Drug Stores
Laura F. Tussing
Park National Bank
Jennifer Gorsuch Walters
Fairfield Homes/Gorsuch Construction
Stephen G. Wells
Retired, Park National Bank
C H A R L O T T E M E T R O
Kenneth R. Beuley
The Keith Corporation
Jack M. Cathey, Ph.D.
University of North Carolina at Charlotte
Louis Foreman
Enventys
Charles T. Hodges
New Forum, Inc.
David L. Hood Jr.
Hood, Hargett & Associates
Dennis W. Moser
The Moser Group
20 | Park National Corporation Annual Report
Donald Philip Renaldo, M.D.
Donald Automotive Group
Sara C. White
Mooresville Realty
C I N C I N N A T I M E T R O
Michael T. Brandy
Brandicorp
Daniel L. Earley
Retired, Park National Bank
Jeanne M. Golliher
Retired, Cincinnati Development Fund
Martin J. Grunder Jr.
Grunder Landscaping Company
Richard W. Holmes*
Retired, Pricewaterhouse Coopers, LLP
Larry H. Maxey
Synchronic Business Solutions, LLC
Thomas E. Niehaus
Vorys Advisors LLC
Adam T. Stypula
Park National Bank
E A S T R E G I O N
Daniel J. Atkinson
Muskingum Valley Health Centers
Michael L. Bennett
Second Capital Consulting, LLC
Julie A. Brown
Fink’s Harley-Davidson, Southside Collision,
Fink’s Quality Cars and Fink’s Custom Vans
Clinton W. Cameron
Cameron Drilling Company
Ward D. Coffman III
Coffman Law Offices
Scott D. Eickelberger
Kincaid, Taylor and Geyer Law Offices
Susan K. Hasseler, Ph.D.
Muskingum University
Patrick L. Hennessey
P&D Transportation, Inc.
Henry C. Littick II
Southeastern Ohio Broadcasting Systems
Thomas M. Lyall
Retired, Park National Bank
Timothy S. McLain, CPA
Dark Horse CPAs
Patrick L. Nash
Park National Bank
Timothy J. Thompson
Primary Aim
N O R T H R E G I O N
Robert E. Boss
Park National Bank
Mark Breitinger
Milark Industries, Inc.
Michael L. Chambers
J&B Acoustical, Inc.
Timothy R. Cowen
Cowen Truck Line
Elizabeth A. DeLaney
Spherion Mid-Ohio Employment Services
Lois J. Fisher
Lois J. Fisher & Assoc.
Christopher R. Gabrelcik
Lubrication Specialties, Inc.
Christopher R. Hiner
Park National Bank
Korey M. Kidwell
Kidwell & Cunningham, Ltd.
Michael L. Kocher
MKB Farms Ltd.
William B. Levering
Levering Management, Inc.
Daniel L. Mathie
Critchfield, Critchfield & Johnston, Ltd.
Jeffrey S. Monica
McDonald’s
Linda H. Smith
Ashwood, LLC
Chris D. Tuttle
Amish Oak Furniture Company
Gordon E. Yance
Retired, Park National Bank
W E S T R E G I O N
Dr. Richard N. Adams
Retired, Representative of Ohio General Assembly
Steven C. Badgett
Retired, Park National Bank
Tamara L. Baird-Ganley
Baird Funeral Home
Tyeis Baker-Baumann
Rebsco
Michael C. Bardo*
Retired, Hartzell Industries
R. Andrew Bell*
Marsh & McLennan Agency
John A. Brown
Park National Bank
Travis J. Faber
Faber & Associates
Travis L. Fliehman*
Fliehman Law Group
Rick M. Heinl*
Repacorp, Inc.
Jeffrey E. Hittle
Hittle Buick GMC
Douglas D. Hulme, DVM
Retired, Oakview Veterinary Hospital
Alicia Sweet Hupp
Sweet Manufacturing Company
Timothy Johnston
Consultant
Thomas P. Loftis
Midland Properties, Inc.
John McKinnon
Clark Schaffer Hackett & Co.
Scott D. Michael
Michael Farms
Michael J. Pax*
Pax Machine Works, Inc.
Dr. Karen E. Rafinski*
The Registry
W. Samuel Robinson
Retired, Murray Wells Wendeln & Robinson, CPAs
Chester L. Walthall
Walthall Holding Co. Inc.
Robert A. Warren*
Hauck Bros.
*Retired as of 12/31/22
Metro Locations
Clermont, Franklin and Hamilton counties (OH),
Jefferson County (KY), Guilford and Mecklenburg counties (NC)
MAR KE T
PRESIDE NT S
Brady Waltz
200 South Civic Center Drive
Columbus, OH 43215
W. Andrew Holden
545 South Third Street
Louisville, KY 40245
Tim Ignasher
1300 Baxter Street
Charlotte, NC 28204
Bryant Fox
3825 Edwards Road
Cincinnati, OH 45209
614-228-9915
502-975-7170
704-943-5757
513-718-6057
brady.waltz@
parknationalbank.com
andrew.holden@
parknationalbank.com
tim.ignasher@
parknationalbank.com
bryant.fox@
parknationalbank.com
T O TA L LOA N S
T O TA L D E P O S I T S
T R U S T A S S E T S
$971,773
CO MMUNIT Y DO NAT IONS
157
AS SOCIATES
7C OM M U NIT IES
3,643
VOLU NTE ER HOU R S
10OFFIC ES
Park National Corporation Annual Report | 21
Carolina Region
Buncombe and Henderson counties (NC)
Anderson, Greenville, Pickens and Spartanburg counties (SC)
RE GIONAL
PRESIDE NT
T O TA L LO A N S
John Kimberly
200 South Church Street
Spartanburg, SC 29306
864-208-0844
john.kimberly@
parknationalbank.com
RE GIONAL
LE ADE R S
Tim Camp
Commercial Banking
Leslie Minnis
Home Lending
Coleman Edmunds
Retail Banking
Jim Honeycutt
Trust and Investments
T O TA L D E P O S I T S
T R U S T A S S E T S
22 | Park National Corporation Annual Report
$231,280
C OM M U NIT Y DO NATION S
79
AS SO C IATES
6
C OM M UN ITIE S
2,375
VOLU NTE ER HOURS
7
O FFICES
Central Ohio Region
Athens, Fairfield, Hocking and Licking counties
RE GIONAL
PRESIDE NT
T O TA L LO A N S
T O TA L D E P O S I T S
T R U S T A S S E T S
Laura Tussing
50 North Third Street
Newark, OH 43055
740-681-8218
laura.tussing@
parknationalbank.com
RE GIONAL
LE ADE R S
Corey Alton
Commercial Banking
Rob Springer
Consumer Lending Director
Erica Chance
Consumer Lending
Chris Hiner
Home Lending Director
Brian Elder
Home Lending
Eric Croft
Retail Banking
Luann Snyder
Trust and Investments
$1,823,954
C OM M U NIT Y DONATI ONS
194
AS SO CIATE S
13
C OM M UN ITIE S
4,770
VOLU NTE ER HOURS
17
O FFICES
Park National Corporation Annual Report | 23
Eastern Ohio Region
Coshocton, Guernsey, Muskingum, Perry and Tuscarawas counties
RE GIONAL
PRESIDE NT
T O TA L LOA N S
T O TA L D E P O S I T S
T R U S T A S S E T S
Pat Nash
14 South Fifth Street
Zanesville, OH 43701
740-455-7207
patrick.nash@
parknationalbank.com
RE GIONAL
LE ADE R S
Alton Thompson
Commercial Banking
Matt Colwell
Consumer Lending
Paula Meadows
Home Lending
Steve Haren
Retail Banking
Jody Spencer
Trust and Investments
24 | Park National Corporation Annual Report
$440,700
C OM M U NIT Y DON AT IONS
101
AS SO CIATE S
8C OM M U NITIE S
2,500
VOLU NTE ER HOURS
13O FFICES
Northern Ohio Region
Ashland, Crawford, Holmes, Knox, Marion, Morrow, Richland and Wayne counties
RE GIONAL
PRESIDE NT
T O TA L LOA N S
Bob Boss
1 South Main Street
Mount Vernon, OH 43701
740-399-5166
robert.boss@
parknationalbank.com
RE GIONAL
LE ADE R S
James Hobson
Commercial Banking
Jerry Simon
Consumer Lending
Ryan Smith
Home Lending
Rachelle Dallas
Retail Banking
Todd Hawkins
Trust and Investments
T O TA L D E P O S I T S
T R U S T A S S E T S
$1,039,177
C OM M U NIT Y DON AT IONS
230
AS SO CIATE S
18
C OM M UN ITIE S
4,000
VOLU NTEER HO URS
24
O FFICES
Park National Corporation Annual Report | 25
Western Ohio Region
Champaign, Clarke, Darke, Greene, Mercer and Miami counties
RE GIONAL
PRESIDE NT
T O TA L LOA N S
T O TA L D E P O S I T S
T R U S T A S S E T S
John Brown
40 South Limestone Street
Springfield, OH 45502
937-324-6877
john.brown@
parknationalbank.com
RE GIONAL
LE ADE R S
Pat Rastatter
Commercial Banking
Eric McKee
Consumer Lending
Scott Rasor
Home Lending
Connie Craig
Retail Banking
Ken Magoteaux
Trust and Investments
26 | Park National Corporation Annual Report
$619,767
C OM M U NIT Y DONATI ONS
188
AS SO CIATE S
17
C OM M UN ITIE S
2,653
VOLU NTEER H OURS
24
O FFICES
Shareholder Information
Stock Listing
NYSE AMERICAN Symbol – PRK
CUSIP #700658107
General Shareholder Inquiries
Park National Corporation
Brady Burt, Chief Financial Officer and Secretary
50 North Third Street
Post Office Box 3500
Newark, Ohio 43058-9983
740-399-5516
investor@parknationalbank.com
Dividend Reinvestment Plan
Park offers a plan whereby participating shareholders can purchase additional Park National Corporation common
shares through automatic reinvestment of their regular quarterly cash dividends. All commissions and fees
connected with the purchase and safekeeping of the common shares are paid by Park. Details of the plan and an
enrollment card can be obtained by contacting Park’s stock transfer agent and registrar as indicated below.
Direct Deposit of Dividends
Park shareholders may have their dividend payments directly deposited into their checking, savings or money
market account. This direct deposit of dividends is free for all shareholders. If you have any questions or need an
enrollment form, please contact Park’s stock transfer agent and registrar as indicated below.
Stock Transfer Agent and Registrar
Broadridge Shareholder Services: P.O. Box 1342, Brentwood, NY 11717
844-976-0739 | shareholder@broadridge.com | https://shareholder.broadridge.com/prk
Overnight mail:
Broadridge Shareholder Services, Attn: IWS: 1155 Long Island Avenue, Edgewood, NY 11717
Form 10-K
All forms filed by the Corporation with the SEC (including our Form 10-K for 2022) are available on our website by
clicking on the “SEC Filings” section and then the “Documents/SEC Filings” section of the “Investor Relations”
page. These forms may also be obtained, without charge, by contacting the Secretary as indicated above.
Website
parknationalcorp.com
Park National Corporation Annual Report | 27
parknationalcorp.com
50 North Third Street, Newark, OH 43055
28 | Park National Corporation Annual Report