Item 7.01 - Regulation FD Disclosure.

On February 28, 2023, The Park National Bank ("Park National Bank"), the national bank subsidiary of Park National Corporation (the "Registrant"), issued a news release announcing that Park National Bank had reached an agreement with the United States Department of Justice (the "DOJ") to increase the efforts of Park National Bank to promote home lending in the Columbus, Ohio market. The agreement, which is reflected in the proposed consent order filed today in the United States District Court for the Southern District of Ohio (the "DOJ Consent Order"), serves to voluntarily resolve all claims of the United States alleging that Park National Bank's mortgage lending practices within the Columbus, Ohio Metropolitan Statistical Area violated the Fair Housing Act and the Equal Credit Opportunity Act. A copy of the news release issued by Park National Bank is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

In accordance with the terms of the DOJ Consent Order, Park National Bank will invest $7.75 million over five years in a loan subsidy fund to increase credit opportunities for home mortgages, home improvement loans and home refinance loans for consumers applying for loans in majority minority census tracts ("MMCT's") in Fairfield, Franklin, Hocking, Licking, Morrow and Perry counties in Ohio (the "Columbus Lending Area"). Park National Bank will also devote a minimum of $500,000 over five years toward one or more community development partnership programs that provide services to residents of MMCTs in the Columbus Lending Area related to credit, financial education, homeownership and foreclosure prevention; and at least $150,000 per year over five years toward advertising, community outreach, consumer financial education and credit counseling in the Columbus Lending Area. Park National Bank will also establish one new mortgage loan production office and one new full-service branch in MMCTs in the Columbus Lending Area and hire four lenders, one of whom will be Spanish-speaking, focused on serving these communities. In addition, Park National Bank will continue to maintain, throughout the term of the DOJ Consent Order, Park National Bank's full-time Director of Community Home Lending and Development position, who will oversee Park National Bank's lending in MMCTs in the Columbus Lending Area.

The DOJ Consent Order must be approved by the United States District Court for the Southern District of Ohio, Western Division, and once approved and entered by that Court, the DOJ Consent Order will resolve all claims by the United States against Park National Bank.

The information in this Item 7.01 is being furnished pursuant to Item 7.01 of Form 8-K and shall be not deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section 18. The furnishing of information in this Item 7.01 shall not be deemed an admission as to the materiality of any information herein.

Item 9.01 - Financial Statements and Exhibits.



(a)Not applicable

(b)Not applicable

(c)Not applicable

(d)Exhibits. The following exhibits are included with this Current Report on Form 8-K:





Exhibit No.    Description

99.1 News Release issued by Park National Bank of February 28, 2023

104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)


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