<SEC-DOCUMENT>0001144204-12-013122.txt : 20120427
<SEC-HEADER>0001144204-12-013122.hdr.sgml : 20120427
<ACCEPTANCE-DATETIME>20120306091113
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001144204-12-013122
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20120306

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARK NATIONAL CORP /OH/
		CENTRAL INDEX KEY:			0000805676
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				311179518
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		50 NORTH THIRD ST
		CITY:			NEWARK
		STATE:			OH
		ZIP:			43055
		BUSINESS PHONE:		6143498451

	MAIL ADDRESS:	
		STREET 1:		P O BOX 3500
		CITY:			NEWARK
		STATE:			OH
		ZIP:			43058-3500
</SEC-HEADER>
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<TYPE>CORRESP
<SEQUENCE>1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">March 6, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Via EDGAR Transmission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Mr. Christian Windsor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Special Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">United States</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">100 F Street, NE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">RE:</TD><TD STYLE="text-align: justify">Park National Corporation</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">Form 10-K for the Year Ended December 31,
2010</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">Filed February 28, 2011</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">Form 10-Q for the Quarter Ended June 30,
2011</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">Filed August 15, 2011</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">File No. 001-13006</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dear Mr. Windsor:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In response to the comments of the Securities and Exchange
Commission (the &ldquo;Commission&rdquo;) provided in your letter dated September 29, 2011, related to the Form 10-K of Park
National Corporation (&ldquo;Park&rdquo;, the &ldquo;Company&rdquo; &ldquo;we&rdquo; or &ldquo;our&rdquo;) for the year ended
December 31, 2010 (the &ldquo;2010 Form 10-K&rdquo;) and the Form 10-Q of Park for the quarterly period ended June 30, 2011
(the &ldquo;June 30, 2011 Form 10-Q&rdquo;), we previously submitted communication to you via EDGAR transmission on October
11, 2011. Park&rsquo;s management subsequently participated in conversations with various Commission personnel regarding the
status of our appeal of the findings by Vision Bank&rsquo;s regulators regarding our ASC 310 impairment analysis for certain
impaired commercial loans at Vision Bank which were the subject of guarantor support. This co<FONT STYLE="color: black">mmunication
is being submitted to provide via EDGAR transmission e-mail correspondence that had been shared directly with Commission
personnel.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As noted below, Park is contemporaneously submitting requests for
confidential treatment pursuant to 17 C.F. R. Section 200.83 (each, a &ldquo;Confidential Treatment Request&rdquo;) with respect
to the documents referred to in the respective e-mail correspondence as they are the subject of exemptions provided under the Freedom
of Information Act. These documents are being supplied to the respective members of the Staff of the Division of Corporation Finance
of the Commission separately from this correspondence and accompanied by appropriate written requests for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following e-mail correspondence had previously been shared directly
with Commission personnel and is being submitted herewith via EDGAR transmission:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">1)</TD><TD STYLE="text-align: justify">On Tuesday, December 13, 2011, John Kozak, Chief Financial
Officer of Park, sent an e-mail to Erin Purnell, which included the following message:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">We received this e-mail on Friday afternoon from the FDIC
concerning our appeal of the examination report for Vision Bank. As we discussed a few minutes ago, we are in the process of filing
a Form 8-K to indicate that we have received the letter and we are talking to our external auditors about our next step. Our auditors
continue to feel strongly that our accounting for these loans is in accordance with GAAP. The letter indicates that we should re-file
the Call Report for Vision Bank at year-end 2010. Our external auditors do not believe that we should restate our financial statements
at year-end 2010. They prefer that we write-off the remaining loans during the fourth quarter of 2011. The proposed restatement
is for $19 million, but the loan balances have been reduced to $9 million by September 30, 2011. As we discussed, I would like
to talk to someone at the SEC about this. Thanks for all of your help.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">The letter referenced in the e-mail communication above
is excluded from this correspondence and being separately submitted as an appendix to a Confidential Treatment Request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">2)</TD><TD STYLE="text-align: justify">On Friday, January 13, 2012, Matt Miller, a Vice President
in Park&rsquo;s accounting department, sent an e-mail to Hugh West, which included the following message:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Please find attached the confidential memo that John Kozak
mentioned in his voice mail to you earlier this morning.&nbsp; The memo addresses the questions that you and your team from the
SEC provided during our call on Monday, January 9<SUP>th</SUP>.&nbsp; After you have a chance to read through the memo, please
give John a call at 740-349-3792 to discuss any questions that you may have and next steps.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">The confidential memo referenced in the e-mail communication
above is excluded from this correspondence and being separately submitted as an appendix to a Confidential Treatment Request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In responding to the Commission&rsquo;s comments and supplemental
questions, management of Park acknowledges the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Park&rsquo;s
management is responsible for the adequacy and accuracy of the disclosures in Park&rsquo;s filings;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Staff
comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect
to a filing; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Park
may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities
laws of the United States.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Park takes very seriously our responsibility to provide complete
and accurate disclosures to the users of the information included in our filings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If you have any questions regarding this correspondence, please
contact me at (740) 349-3792.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">/s/ John W. Kozak</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">John W. Kozak</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Financial Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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