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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): May 27, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>Park National Corporation<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
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    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Ohio</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-13006</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>31-1179518</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

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    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>50 North Third Street, P.O. Box 3500, Newark, Ohio<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>43058-3500</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(740) 349-8451</B>


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    <TD nowrap style="border-bottom: 1px solid #000000"><B>Not Applicable<BR></B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="justify" style="font-size: 10pt"><B>ITEM 8.01 OTHER EVENTS.</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%">On May&nbsp;27, 2009, Park National Corporation (&#147;Park&#148;) and its national bank subsidiary The Park National Bank
(&#147;PNB&#148;) entered into a Distribution Agreement (the &#147;Distribution Agreement&#148;) with Sandler O&#146;Neill &#038; Partners, L.P.
(&#147;Sandler O&#146;Neill&#148;), pursuant to which Park may offer and sell common shares, without par value (&#147;Common Shares&#148;),
having aggregate sales proceeds of up to $70,000,000 from time to time through Sandler O&#146;Neill as sales agent,
provided, that in no event will the aggregate number of Common Shares offered and sold under offerings conducted
pursuant to the Distribution Agreement exceed 1,050,000 Common Shares. Sales of the Common Shares, if any, will be
made by means of ordinary brokers&#146; transactions on NYSE Amex at market prices, in block transactions or as otherwise
agreed with Sandler O&#146;Neill.


<P align="justify" style="font-size: 10pt; text-indent: 4%">Common Shares sold pursuant to the Distribution Agreement will be issued pursuant to a prospectus supplement filed
by Park with the Securities and Exchange Commission (the &#147;Commission&#148;) on May&nbsp;27, 2009, to the accompanying prospectus
filed with the Commission on May&nbsp;22, 2009, as part of Park&#146;s Registration Statement on Form S-3ASR (File
No.&nbsp;333-159454) (the &#147;Registration Statement&#148;). Interested investors should read the prospectus supplement, the
accompanying prospectus and all documents incorporated by reference therein.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The Distribution Agreement is filed as Exhibit&nbsp;99.1 to this Current Report on Form 8-K and is incorporated herein
by reference. The foregoing description of the material terms of the Distribution Agreement and the transactions
contemplated thereby does not purport to be complete and is qualified in its entirety by reference to such Exhibit
99.1.

<P align="justify" style="font-size: 10pt; text-indent: 4%">Exhibits 5.1 and 23.1 to this Current Report on Form 8-K are filed herewith in connection with Park&#146;s Registration
Statement and are incorporated therein by reference.

<P align="justify" style="font-size: 10pt; text-indent: 4%">This Current Report on Form 8-K does
not constitute an offer to sell or a solicitation of an offer to buy any Common Shares.  A
Registration Statement relating to the Common Shares has been filed with the Commission and is
effective. Copies of the prospectus supplement and accompanying prospectus relating to the
offering may be obtained when available by contacting
Sandler&nbsp;O&#146;Neill&nbsp;&#038;&nbsp;Partners,&nbsp;L.P. at
(866)&nbsp;805-4128 or by visiting EDGAR on the Commission&#146;s Internet
site at <I>http://www.sec.gov.</I>


<P align="justify" style="font-size: 10pt"><B>ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS</B>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="13%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="82%">&nbsp;</TD>
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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Opinion of Vorys, Sater, Seymour and Pease LLP regarding
the legality of the Common Shares to be offered and sold
pursuant to the Distribution Agreement, dated May&nbsp;27, 2009,
among Park National Corporation, The Park National Bank and
Sandler O&#146;Neill&nbsp;&#038; Partners, L.P.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Consent of Vorys, Sater, Seymour and Pease LLP (included
in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Distribution Agreement, dated May&nbsp;27, 2009, among Park
National Corporation, The Park National Bank and Sandler
O&#146;Neill &#038; Partners, L.P.</TD>
</TR>
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signature on following page&#093;



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<P align="center" style="font-size: 10pt"><B>SIGNATURE</B>



<P align="justify" style="font-size: 10pt; text-indent: 3%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.


<P align="justify" style="font-size: 10pt; margin-left: 45%"><B>PARK NATIONAL CORPORATION</B>


<P align="justify" style="font-size: 10pt">Date: May&nbsp;27, 2009


<P align="justify" style="font-size: 10pt; margin-left: 45%; margin-top: -11pt">By:&nbsp;<U>/s/
John&nbsp;W.
Kozak&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
John W. Kozak
<BR>
Chief Financial Officer


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<P align="center" style="font-size: 10pt">&nbsp;

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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="13%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="82%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Opinion of Vorys, Sater, Seymour and Pease LLP regarding
the legality of the Common Shares to be offered and sold
pursuant to the Distribution Agreement, dated May&nbsp;27, 2009,
among Park National Corporation, The Park National Bank and
Sandler O&#146;Neill&nbsp;&#038; Partners, L.P.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Consent of Vorys, Sater, Seymour and Pease LLP (included
in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Distribution Agreement, dated May&nbsp;27, 2009, among Park
National Corporation, The Park National Bank and Sandler
O&#146;Neill &#038; Partners, L.P.</TD>
</TR>
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</TABLE>
</DIV>


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{"company-data": {"conformed-name": "PARK NATIONAL CORP /OH/", "cik": "0000805676", "assigned-sic": "6021", "irs-number": "311179518", "state-of-incorporation": "OH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13006", "film-number": "09855289"}, "business-address": {"street1": "50 NORTH THIRD ST", "city": "NEWARK", "state": "OH", "zip": "43055", "phone": "6143498451"}, "mail-address": {"street1": "P O BOX 3500", "city": "NEWARK", "state": "OH", "zip": "43058-3500"}}
Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 27, 2009
Park National Corporation
(Exact name of registrant as specified in its charter)
Ohio
1-13006
31-1179518
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
50 North Third Street, P.O. Box 3500, Newark, Ohio
43058-3500
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(740) 349-8451
Not Applicable
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS.
On May 27, 2009, Park National Corporation ("Park") and its national bank subsidiary The Park National Bank
("PNB") entered into a Distribution Agreement (the "Distribution Agreement") with Sandler O'Neill & Partners, L.P.
("Sandler O'Neill"), pursuant to which Park may offer and sell common shares, without par value ("Common Shares"),
having aggregate sales proceeds of up to $70,000,000 from time to time through Sandler O'Neill as sales agent,
provided, that in no event will the aggregate number of Common Shares offered and sold under offerings conducted
pursuant to the Distribution Agreement exceed 1,050,000 Common Shares. Sales of the Common Shares, if any, will be
made by means of ordinary brokers' transactions on NYSE Amex at market prices, in block transactions or as otherwise
agreed with Sandler O'Neill.
Common Shares sold pursuant to the Distribution Agreement will be issued pursuant to a prospectus supplement filed
by Park with the Securities and Exchange Commission (the "Commission") on May 27, 2009, to the accompanying prospectus
filed with the Commission on May 22, 2009, as part of Park's Registration Statement on Form S-3ASR (File
No. 333-159454) (the "Registration Statement"). Interested investors should read the prospectus supplement, the
accompanying prospectus and all documents incorporated by reference therein.
The Distribution Agreement is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein
by reference. The foregoing description of the material terms of the Distribution Agreement and the transactions
contemplated thereby does not purport to be complete and is qualified in its entirety by reference to such Exhibit
99.1.
Exhibits 5.1 and 23.1 to this Current Report on Form 8-K are filed herewith in connection with Park's Registration
Statement and are incorporated therein by reference.
This Current Report on Form 8-K does
not constitute an offer to sell or a solicitation of an offer to buy any Common Shares.  A
Registration Statement relating to the Common Shares has been filed with the Commission and is
effective. Copies of the prospectus supplement and accompanying prospectus relating to the
offering may be obtained when available by contacting
Sandler O'Neill & Partners, L.P. at
(866) 805-4128 or by visiting EDGAR on the Commission's Internet
site at
http://www.sec.gov.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit Number
Description
5.1
Opinion of Vorys, Sater, Seymour and Pease LLP regarding
the legality of the Common Shares to be offered and sold
pursuant to the Distribution Agreement, dated May 27, 2009,
among Park National Corporation, The Park National Bank and
Sandler O'Neill & Partners, L.P.
23.1
Consent of Vorys, Sater, Seymour and Pease LLP (included
in Exhibit 5.1).
99.1
Distribution Agreement, dated May 27, 2009, among Park
National Corporation, The Park National Bank and Sandler
O'Neill & Partners, L.P.
[Remainder of page intentionally left blank;
signature on following page]
- 2 -
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
PARK NATIONAL CORPORATION
Date: May 27, 2009
By:
/s/
John W.
Kozak
John W. Kozak
Chief Financial Officer
- 3 -
EXHIBIT INDEX
Exhibit Number
Description
5.1
Opinion of Vorys, Sater, Seymour and Pease LLP regarding
the legality of the Common Shares to be offered and sold
pursuant to the Distribution Agreement, dated May 27, 2009,
among Park National Corporation, The Park National Bank and
Sandler O'Neill & Partners, L.P.
23.1
Consent of Vorys, Sater, Seymour and Pease LLP (included
in Exhibit 5.1).
99.1
Distribution Agreement, dated May 27, 2009, among Park
National Corporation, The Park National Bank and Sandler
O'Neill & Partners, L.P.
- 4 -