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P Park NATIONAL CORPORATION NEWS RELEASE Park National Corporation reports financial results for first quarter 2021 4/23/2021 NEWARK , Ohio , April 23 , 2021 ( GLOBE NEWSWIRE ) -- Park National Corporation ( Park ) ( NYSE American : PRK ) today reported financial results for the first quarter of 2021 ( three months ended March 31 , 2021 ) , including net income growth driven by continued increases in lending activity . Park's board of directors declared a quarterly cash dividend of $ 1.03 per common share , payable on June 10 , 2021 to common shareholders of record as of May 21 , 2021 . Park's net income for the first quarter of 2021 was $ 42.8 million , a 91.4 percent increase from $ 22.4 million for the first quarter of 2020. First quarter 2021 net income per diluted common share was $ 2.61 , compared to $ 1.36 in the first quarter of 2020. Like many financial institutions , Park did not experience the credit losses it had prepared for throughout the pandemic ; and Park thus recognized a recovery in the first quarter of 2021. Additionally , steady growth in its consumer and commercial lending services over the past year helped drive first quarter 2021 performance . " Business owners are financing property , equipment , and other developments throughout our communities . Columbus , Cincinnati , Charlotte and Louisville have been particularly robust , " Park Chairman and Chief Executive Officer David Trautman said . " We have been available for our business customers through periods of stress and we are here for them as the economy picks up momentum . " Park's community - banking subsidiary , The Park National Bank , reported net income of $ 45.1 million for the first quarter of 2021 , a 74.2 percent increase compared to $ 25.9 million for the same period of 2020. The bank's first 1