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At-a-glance - Park National Bank

February 2015 | Calendar of Events
There are multiple ways for you to stay
connected to your bank accounts with a quick click!
Our electronic banking options put you in control and make life easier.
Use Online Banking, Bill Pay, Mobile Banking, Text Banking, and our app to
make banking even easier for you!
Many of our customers enjoy using Online Banking or Bill Pay to manage
their money, view transactions, pay bills, and more. You can access online
banking on a tablet, smartphone or computer, and it’s very user-friendly!
For a demo, go to and click on ‘Learning Center’ – it’s
in the box directly under the logo – scroll down to Online Banking and click
If you have an Apple or Android smartphone, you can download our
banking app. It’s the ultimate connection to your money – and it’s free!
• View account balances and information on any account you currently
view in online banking. See recent transaction history on your checking
and savings accounts, loans and lines of credit.
• Transfer money between accounts.
• Schedule, change or cancel payments on the go.
• Use PopMoney to send cash to anyone on your contact list.
• Use the device’s camera to take a picture and deposit checks into your
PNB checking or savings account.
• Find the Park National Family of Banks office or ATM closest to you with a
few quick clicks.
Mobile alerts are great options to keep you alerted when something
happens in your account. You pick the reason you get notified, like when a
balance gets below a certain amount, when a deposit is made, and more.
You can choose to be alerted through a text message or email. If you have
questions, we’re happy to help you get connected with a banker!
Electronic Banking Class
Park National Bank Main Office • 50 North Third Street, Newark • Tuesday, February 10
Two classes to choose from: 9:30 - 11:30 am OR 1:30 - 3:30 pm
What is an e-statement? What is mobile banking? What is online banking? What is online bill pay? Want to see what all
the fuss is about when it comes to electronic banking? Trying to figure out how to pay your monthly bills when you’re
not in town? Please join us for this informative two-hour hands-on presentation to find out more about electronic
banking services that are available to you at The Park National Bank.
Call to reserve your space! (Each class limited to 10 people)
7 4 0 . 3 4 9 . 3 7 3 9 | F r e e d o m Ye a r s @ P a r k N a t i o n a l B a n k . c o m
Shen Yun’s Classical
Chinese Dance
A Lost Tradition Revived • Ohio Theatre, Columbus
Wednesday, March 11
7:30 pm performance • $106 per person
Join us for this evening performance of 5,000 years
of Civilization at the Ohio Theatre in Downtown
Columbus. We will stop for dinner (on your own) at
Easton Town Center before arriving at the theatre.
Through the universal language Shen Yun weaves
a wondrous tapestry of heavenly realms, ancient
legends, and modern heroic tales, taking you on
a journey through 5,000 years of Chinese culture.
Its stunning beauty and tremendous energy
leave audiences uplifted and inspired. A Shen Yun
performance features the world’s foremost classically
trained dancers, a unique orchestra blending East and
West, and dazzling animated backdrops—together
creating one spectacular performance.
Price includes: Deluxe motor coach transportation;
orchestra seats (Q-W); all applicable taxes, and gratuities on
included items.
Payment due: 2/16
AARP Driver Safety Program
Park National Bank Main Office
50 North Third Street - Newark
Tuesday, March 10 • 12:30 - 4:30 pm
$10 per person (special rate)
Join us for this informative class presented by Rick
Grove, certified AARP Instructor. Tune up your driving
skills and update your knowledge of the rules of the
AARP’s Driver Safety Program is the nation’s first and
largest driver refresher course and has been offered
since 1979. You will be refreshed on the following:
• Driving skills and rules of the road
• Learn defensive driving techniques
• Discover ways to handle left turns, right-of-way,
highway traffic and blind spots
Upon completion of this course, you may qualify for
an automobile insurance discount by your insurance
company (Contact your insurance agent for details).
You must complete the entire 4-hour course to be
eligible for any discounts. We hope you will join us for
this 4-hour session!
Class size limited! Payment due: 2/27
Painting 101
Park National Bank Main Office
50 North Third Street - Newark
Saturday, March 21 • 9 - 11:30 am • $30 a person
Have you ever wanted to give painting on canvas a try but you are
too nervous? No talent or experience is necessary to join our class
today! Join us for a morning of fun as local artist, Kathy Anderson
(, provides you with plenty of guidance to
ensure that you leave at the end of the session with a completed
Price includes: Canvas, easel, paints, brushes, light refreshments.
Payment due: 3/2
Spring Mystery Tour
Somewhere in Ohio • Tuesday, April 14 • $84 a person
Join us for our Spring Mystery Day Tour to somewhere in Ohio!
Which direction will we drive today?…. Only the driver knows!
We are sure to have a grand time visiting one of the oldest (blank)
in the United States; visit some famous voices of America; have
lunch in a historic building; and a little shopping time to explore
at your leisure. We hope you will join us!
Price includes: All included sightseeing; lunch and all applicable taxes
and gratuities.
Payment due: 3/14
A Spring Happening
Featuring…The John Schwab Duo
Highwater Congregational Church
1213 Dutch Lane Rd - Newark
Thursday, April 16 • 5:30 pm dinner • $23 per person
Join us for a Freedom Years Spring Happening! Tonight you will be
treated to a home cooked dinner and an exclusive entertaining
performance by the John Schwab Duo! John Schwab is the former
lead guitarist and vocalist for the McGuffey Lane Band. John’s
repertoire includes country, songs from the 50’s, and more! We are
sure to enjoy the Duo’s performance this evening! We hope you will
join us for our Spring Happening!
Price includes: A plated dinner of pork loin, scalloped potatoes, green
beans, tossed salad, and assorted homemade pies, rolls, coffee, iced tea,
coffee, lemonade; and an exclusive performance by the John Schwab Duo.
Call today to reserve your seats for you and your friends!
Payment due: 3/23
Sister Act ~ The Musical
Palace Theatre, Columbus • Wednesday, April 29
7:30 pm performance • $56 per person
Join us for this evening performance of Sister Act at the Palace
Theatre in Downtown Columbus. We will stop for dinner (on
your own) at Easton Town Center before arriving at the theatre.
Sister Act is Broadway's feel-amazing musical comedy smash!
Featuring original music by 8-time Oscar® winner Alan Menken,
Sister Act tells the story of Deloris Van Cartier, a wannabe diva
whose life takes a surprising turn when she witnesses a crime
and the cops hide her in the last place anyone would think
to look—a convent! Under the suspicious watch of Mother
Superior, Deloris helps her fellow sisters find their voices as she
unexpectedly rediscovers her own. A sparkling tribute to the
universal power of friendship, Sister Act is reason to rejoice!
Price includes: Deluxe motor coach transportation; orchestra
seats (AA-FF); all applicable taxes, and gratuities on included
Freedom Years Vacations
We have some terrific extended vacations planned for
you! Please call us to receive a detailed brochure and
reservation information on any or all of the following:
Payment due: 3/27
Lighthouses of the
Featuring Ocean City, Baltimore and Virginia Beach
May 5 -11
Vacation highlights:
• Deluxe motor coach transportation
• 2-nights accommodations in Baltimore, MD
• 1-night accommodation in Ocean City, MD
• 3-nights accommodations in Virginia Beach, VA
• Deluxe continental breakfast daily
• 6 dinners and 1 lunch, including a Maryland Crab Feast
• Visits to many historic lighthouses along the way
• Visits to Fort McHenry, the Naval Academy, Chesapeake
Bay maritime Museum, Ward Museum of Wildfowl Art,
the Wright Brothers National Memorial, and the Norfolk
Naval Station
• Scenic Annapolis lunch cruise
• Scenic wild pony viewing cruise onboard Assateague
• Visit to Outerbanks, NC and tour of Whalehead Club
• Visit to winery with tasting
• All luggage handling
• All taxes and gratuities on included features
Price per person: A deposit of $300 per person is due with reservation
$1,799 double occupancy, $2,149 single, $1,699 triple occupancy,
$1,649 quad occupancy.
Final payment due: 3/2
Northern California Escape
April 23 - 30
Featuring… Sacramento, San Francisco, Angel Island,
Napa Valley Wine Train, the California Zephyr Train &
Price per person: A deposit of $300 a person due with
reservations. $2,999 double occupancy,
$3,799 single occupancy
Alaska Yukon by Land & Sea
July 7 - 19
Aboard Holland America’s Noordam
Featuring… Denali National Park, Fairbanks, Dawson,
Whitehorse, Glacier Bay, Ketchikan, Vancouver, Canada
& Inside Passage
Price per person ranging (depending on cabin category
on ship): A deposit of $1,000 a person due with reservations.
$5,399 - $6,295 double occupancy
American Empress Riverboat Cruise
August 8 -16
Featuring… The Columbia & Snake Rivers and the
beauty of the Pacific Northwest
Price per person ranging (depending on cabin category
on riverboat): A deposit of $1,000 a person due with
reservations. $5,500 - $7,699 double occupancy
Trip/Event Cancellation Policy:
The cancellation of Freedom
Years one-day trips or events
will be non-refundable
after payment is made
unless the space is filled
from an available wait list
or a substitution is made by
another member. Trips may
be paid for by cash, check,
or VISA. Checks should
be made payable to Park
National Bank - Freedom
Years. Refund policies on
extended vacations vary
from trip to trip. Please
review the cancellation
policy included on each trip
Travel/Health Policy: It is
required that persons
needing assistance
be accompanied by a
companion who is capable
and totally responsible for
providing that assistance.
Neither Freedom Years nor
its suppliers may assist with
medications, wheelchairs,
or physically lift persons
onto transportation vehicles.
Travelers needing special
assistance must notify
Freedom Years when they
make their reservations.
Please note that the
Americans With Disabilities
Act does not apply outside
the United States.
Day Trips
Anything Goes
the Musical
The Ohio Theatre
Facebook Class
PNB Main Office
Banking Class
PNB Main Office
Details enclosed!
Euchre Night 2015
PNB Main Office
Call for availability!
Mamma Mia!
The Musical
Ohio Theatre
Columbus, Ohio
MARCH 10 New!
AARP Driver Safety
PNB Main Office
Details enclosed!
Shen Yun’s Classical
Chinese Dance
Ohio Theatre Ne
Details enclosed!
Painting 101
PNB Main Office
Details enclosed!
South Pacific!
The Musical
La Comedia Dinner
Springboro, Ohio
Spring Mystery Tour
Somewhere, Ohio New
Details enclosed!
Sister Act, The Musical
Palace Theatre
Details enclosed!
MAY 13
A Derby Celebration!
Newark, Ohio
Details coming soon!
Spring Happening N
Congregational Church
Details enclosed!
Extended Vacations & Get-a-ways...
APRIL 8 - 9, 2015
Vera Bradley
Outlet Fun!
Fort Wayne, IN
APRIL 20 - 23
Las Vegas Get-A-Way
Las Vegas, NV
Call for availbility!
APRIL 23 - 30
California Escape
Sacramento, San
Francisco &
Gold Country
Highlights enclosed!
MAY 5 - 11
Lighthouses of the
Featuring Ocean
City, Baltimore
and Virginia Beach
Details enclosed!
JULY 7 - 19
Alaska Yukon by
Land & Sea
Aboard Holland
America’s Noordam
Highlights enclosed!
Greenbrier at
White Sulphur Springs
Details coming soon!
San Antonio
San Antonio, Texas
Details coming soon!
FY Adventure Collection...
JANUARY 26 - 31
Walt Disney World
Freedom Years Style!
Orlando, FL
MAY 16 - 24
A Scottish Dream
Scotland & England
AUGUST 8 - 16
American Empress
Riverboat Cruise
Portland, OR
Highlights enclosed!
A Southern
Africa Safari!
South Africa, Zambia
& Botswana
Call for availability!
7 4 0 . 3 4 9 . 3 7 3 9 | F r e e d o m Ye a r s @ P a r k N a t i o n a l B a n k . c o m
Member FDIC
Trust & Investment Services
50 North Third Street
Post Office Box 3500
Newark, Ohio 43058-3500
Phone: 740.349.3900
A good year
A review and outlook for the financial markets and the economy.
January 2 — The economic recovery in the U.S., now in its sixth year, produced much good news in 2014:
• The S&P 500 rose 11.4%, and the Dow Jones Industrial Average posted a 7.5% gain on the year, following
the stellar performance of stocks in 2013.
• The six months of economic growth that included the 5% spurt in the third quarter were best half-year
period since 2003.
• 2.7 million jobs were added through November, the best year for employment growth since 1999.
• Oil prices declined sharply in 2014, bringing major relief at the gas pump to U.S. consumers. All signs
point to lower oil prices for the intermediate future.
But the picture is not entirely rosy, it never is. While the U.S. is doing well, Europe and Japan are not.
Countries using the Euro have not yet surpassed their pre-recession economic output, as the U.S. has. The
Dow Jones World Index, which excludes the U.S., fell 5.5% in 2014. Robust, stable economic growth requires
strong economic partners.
CAPE fears
Higher stock prices are powered by two factors: increased profits and increased investor optimism.
Optimism is generally measured by the price/earnings ratio. A high ratio means that investors are willing to
pay a high price for future profits, and it suggests that they expect those profits to grow.
Nobel Laureate Robert Shiller has traced a cyclically adjusted price earnings (CAPE) ratio from 1871 to the
present. His CAPE ratio includes an inflation adjustment and a ten-year time frame for smoothing annual
variability. For the 20th century, the average CAPE ratio was 15.21. At this writing the CAPE ratio stands at
27.34. Speaking historically, that number is in the stratosphere. That’s where it was in 2007, just before the
financial meltdown. In 1929, before the Black Friday crash, it stood 32.56. Before the dot-com bubble burst,
CAPE reached 43.83.
A high CAPE ratio for the stock market is not necessarily a sell signal, even though it may be suggestive of
“irrational exuberance.” High stock prices may also be a reflection of the absence of satisfactory alternatives
for investing. However, once the CAPE has reached high levels, future increases in stock prices will have to be
fueled primarily by increased profits, not improved investor sentiment.
Another cloud on the horizon is the housing market. New home sales in November were 1.6% below the
year-earlier figure, and existing home sales fell 6.1%. Home price growth has slowed, following the recovery
of the recession lows. Historically, the success of the housing industry has closely tracked the ups and downs
of the economy generally. An uptick in interest rates in 2015 would not be helpful to home buyers or sellers.
Continued on reverse...
Page 1 of 2
Serving families, businesses & our communities for generations!
Interest rates
Throughout 2014 investors were concerned about what the Federal Reserve Board would do, and when they
would do it. When interest rates go up, the value of existing bonds necessarily goes down, with the longest
maturities hit the hardest. As it turned out, investors’ worst fears did not materialize.
The story could be different in 2015, however. In December the Federal Open Market Committee
reconfirmed its patience with below-normal interest rates so long as projected inflation remains below a
target of 2% annually. Given the drop in oil prices rippling through the economy, that target is not likely to
be breached in the near term. On the other hand, another quarter of 5% growth might stimulate the Fed to
accelerate a plan of lifting interest rates back to normal levels.
Additional comments from portfolio manager, Brad Zellar, Vice President and Trust Officer with Park National
Bank's Trust and Investments:
The Standard & Poor’s 500 Index is widely considered a good measure of the “broad” domestic stock market. As
the article indicates, the Index rose 11.4% last year. Including dividends, the total return of the S&P 500 in 2014
was 13.7%. It marked the third consecutive year, and the fourth year of the last five, the Index had double-digit
returns. The average annualized total rate of the return of the S&P 500 the last five years, through December 31,
2014, was 15.4%.
It would be unrealistic, in our opinion, for investors to expect returns like these to continue when virtually every
major global economy but ours is experiencing weakness. The article mentions Japan and Europe. China, too,
is experiencing much slower growth than in its recent past. Even though exports account for less than 15% of
economic output in our country, we are not immune from the effects of a global slowdown.
At the risk of being too doom and gloom, which we are not, we recognize it has been more than three years since
the last stock market “correction.” A correction is commonly defined as a decline of 10% or more in stock prices
from a near-term high. Corrections are common – they occur about every 1 ½ - 2 years; and they are healthy –
they provide patient, disciplined investors an opportunity to buy stocks at more attractive valuations. It brings to
mind a quote from Warren Buffett, who reminds us that “markets are designed to transfer money from the active
to the patient.”
A message from… Kathy Myers, Trust & Investments 740.349.3903
Park National now has over $4.2 billion of assets under management. We’ll continue to adhere to a long
term investment strategy, focus on risk reduction, and actively manage portfolios that routinely perform
well relative to their benchmarks.
If you have questions or would like to learn more just give me a call. We’ll schedule a time to meet. Thank you!
Page 2 of 2
Not FDIC insured. Not bank guaranteed. May lose value. | Source: M.A. Co. © 2015 | All rights reserved. | February 2015
Serving families, businesses & our communities for generations!
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