Freedom Years Insider - Century National Bank

Insider
February 2015  Calendar of Events
FreedomYears
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 ParkNationalBank.com and click on ‘Learning Center’ – it’s in the box directly
under the logo – scroll down to Online Banking and click ‘view.’
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
a 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!
Scams and Consumer Protection
Saturday, February 21 • 9:30 - 10:30 am
Century National Bank Brandywine Office - Zanesville
Do you know how to recognize a scam? Join us as our security experts speak
about consumer fraud. You’ll learn how to spot fraud and beat scammers at
their own game.
Common scams we will learn more about today: grandparent scams, fake
check scams, identity theft, phishing and more.
We hope you and your guests will join us for this
complimentary informative seminar!
ONCE
The Musical
The Palace Theatre - Columbus
Wednesday, June 10
$69 per person
7:30 pm performance
Join us for this evening performance
of ONCE at the Palace Theatre in
Downtown Columbus. We will stop for
dinner (on your own) at Easton Town
Center before arriving at the theatre.
Winner of eight 2012 Tony Awards
including best musical, ONCE is a
truly original Broadway experience.
Featuring an impressive ensemble of
actor/musicians who play their own
instruments onstage, ONCE tells the
enchanting tale of a Dublin street
musician who's about to give up on
his dream when a beautiful young
woman takes a sudden interest in his
haunting love songs. As the chemistry
between them grows, his music soars
to powerful new heights... but their
unlikely connection turns out to
be deeper and more complex than
your everyday romance. Emotionally
captivating and theatrically
breathtaking, ONCE draws you in from
the very first note and never lets go.
It's an unforgettable story about going
for your dreams... not living in fear...
and the power of music to connect all
of us.
Price includes: deluxe motor coach
transportation; orchestra seats (CC-GG);
all applicable taxes, and gratuities on
included items.
Final payment due: 4/13
Call or email us! 740.455.7283 • [email protected]
A Lost
Tradition Revived
Shen Yun’s Classical Chinese Dance
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 of music and
dance, 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.
Final payment due with reservations.
Euchre Party &
Luncheon
St. Thomas Activity Center
Saturday, March 14 • 10:30 am - 1 pm
$7 per person
Join us for a fun-filled day of progressive
euchre! Whether you’re a beginner or a
seasoned player you are sure to have a
great morning. We’ll take a break midway
through and enjoy a lunch of sandwiches,
sides, dessert, soft drinks, and coffee. After
our break we’ll finish out the rest of our card
playing. We hope you and your friends will
join us for this event!
Reservations & final payment due: 2/23
Spring Mystery Tour
Somewhere, Ohio • Wednesday, April 15 • $84 per person
Join us for our mystery day trip that may or may not involve a
guided tour of breakables, lunch in a historical area, a tour filled with
incredible engineering and historical praise, and quite possibly a
chance to stroll through a place that has everything.
Final payment due: 3/9
Purses, Patterns,
and Totes…OH MY!!
Fort Wayne, Indiana • April 8 - 9
If you’ve never experienced this one-of-a-kind event, this is your
chance to get-a-way on a tour designed for ladies that just want to
have fun!
Vacation highlights:
• Round-trip deluxe motor coach transportation
• 1-night accommodations in Fort Wayne, Indiana with breakfast
• Shopping at either Jefferson Pointe Mall or Glenbrook Square in
Fort Wayne
• Timed group entrance for Vera Bradley Outlet Sale: includes special
VIP group entrance, check out, and waiting area
• Dinner at a local restaurant
Price per person: A deposit of $50 per person and the optional insurance
premium are due with reservations. $310 double occupancy
Meet Me in St. Louis
April 14 -17
Vacation highlights:
• Accommodations in downtown St. Louis and Hannibal
• Dinner at Favazza’s, Kemoll’s, and Drake’s Steak & Ale Restaurants
• Lunch aboard the Mark Twain Riverboat, with a special guest
• Guided tour of St. Louis, including the Cathedral Basilica,
Anheuser-Bush Brewery & Clydesdale Stables
• Tours of the Gateway Arch, Mark Twain Museum and the
Rockcliffe Mansion
Price per person: A deposit of $300 per person and the optional insurance
premium are due with reservation. $799 double occupancy, $969 single
occupancy
Final payment due with reservations
Las Vegas Get-a-way.... April 20 - 23
Vacation highlights: Round-trip airfare from Columbus, 3-nights
accommodations at Harrah’s Resort & Casino, transfers to/from our
hotel in Las Vegas, 3 buffet breakfasts, 1 dinner buffet at Harrah’s
Valley of Fire Tour with guide and boxed lunch, free time to explore
Vegas at your leisure, discount coupon booklet.
Price per person: $993 double occupancy, $1,179 single occupancy
Final payment due with reservation.
| \-
Northern California
Featuring… Sacramento, San Francisco,
Trains & Gold Country!
April 23 - 30
Vacation highlights:
• Round-trip airfare
• 7 nights at Embassy Suites Sacramento Riverfront
Promenade
• Breakfast daily, 3 dinners
• 3 lunches including gourmet luncheon on Napa Valley
Wine Train
• Sacramento “River City” tour including California State
Capitol Building & Casa Gardens
• San Francisco city tour
• Visit to California State Railroad Museum in Old
Sacramento
• Tour to Angel Island
• Tour to Gold Discovery Sites in Colomo and Placerville
• Visit to Napa Valley with tasting at Merryvale Winery
in St. Helena
• Tour to Lake Tahoe including a ride on the California
Zephyr Train
Price per person: A deposit of $300 per person and the optional
insurance premium are due with reservations.
$2,999 double occupancy, $3,799 single occupancy
Call for a detailed brochure! Final payment due: 2/2
Niagara Falls &
Niagara on the Lake
June 12 - 15 • Featuring the Canadian side of the Falls
Vacation highlights:
• Deluxe motor coach transportation
• 3-night accommodations at the Embassy Suites
with “Falls” view room
• 3 full breakfasts and 2 dinners
• Guided tour of Niagara Falls including scenic Niagara
River Parkway with views of the Horsehoe Falls,
American Falls, Whirlpool Rapids, Power Dams, Floral
Clock, Queenston Heights, Brock’s Monument, and the
Welland Canal
• Guided tour through beautiful countryside to Niagaraon-the-Lake, often called the loveliest town in Ontario
• Hornblower Cruise (formerly Maid of the Mist)
Price per person: A deposit of $300 per person and optional
insurance premium are due with reservations.
$799 double occupancy, $999 single occupancy
**A valid passport is required for travel**
Call for a detailed brochure. Final payment due: 4/1
Alaska & Yukon by
Land & Sea
Holland America • July 7 - 19
Vacation highlights:
• Airfare from Columbus to Anchorage and from Vancouver
to Columbus
• 7-night land tour in Alaska and Yukon with hotel
accommodations in Anchorage, Denali, Fairbanks,
Dawson City, and Whitehorse
• Rail transportation onboard McKinley Explorer domed
rail cars
• Tundra Wilderness tour in Denali National Park (6 - 8
hours)
• Visit to Gold Dredge 8 in Fairbanks
• Flight from Fairbanks to Dawson City (2 hours)
• Yukon River Paddlewheel Cruise onboard the Klondike
Spirit
• White Pass and Yukon Route Railroad from Fraser, BC to
Skagway (1¾ hours)
• 4 nights onboard Holland America’s Noordam
• Port stop in Ketchikan and cruising in Glacier Bay and
Inside Passage
• 1-night stay in Vancouver, British Columbia
• Sightseeing tour of Vancouver
• Holland America meal plan for land portion of tour
Price per person: Ranging from $5,399 to $6,295 depending on
your stateroom selection. A deposit of $1,000 per person and the
optional insurance premium are due with reservation.
**A valid passport is required for travel**
Call for detailed brochure! Final payment due: 4/2
Experience Shipshewana!
Shipshewana, Indiana • August 4 - 6
Vacation highlights:
• Round-trip deluxe motor coach transportation
• 2-nights accommodations at the Van Buren Hotel
• Full breakfast daily, 1 lunch, 2 dinners
• Visits to: Das Essen Haus & Village, Midwest’s Largest
Outdoor Flea Market, Cultural Interpretive Center,
Mennhoff Museum (history of the Amish), Amish Carriage
Maker/Amish Chime Making Shop, The Amish Bakery/
Amish Quilt Shop/Bulk Food Store, and Hostetler’s Hudson
Auto Museum
• Blue Gate Dinner Theatre, Josiah for President – The Musical
• Shopping time at The Mercantile, Harrison & Morton Streets
• All luggage handling
• All applicable taxes and gratuities on included items
Price per person: A deposit of $100 per person due with
reservations. $489 double occupancy, $470 triple occupancy,
$759 single occupancy
2015
Trip/Event Cancellation
Policy: The cancellation
of Freedom Years one-day
trips or events will be nonrefundable 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 brochure.
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.
EQUAL HOUSING
LENDER
Member FDIC
At-a-glance
Day Trips...
FEBRUARY 21
Consumer Protection Seminar
CNB Brandywine Office,
Zanesville
Details enclosed!
APRIL 15
Spring Mystery Tour
Somewhere, OH Ne
w!
Details enclosed!
MARCH 4
MAMMA MIA
Palace Theatre, Columbus
Waitlist!
APRIL 29
Sister Act ,The Musical
Palace Theatre, Columbus
Waitlist!
MARCH 11
A Lost Tradition Revived
Ohio Theatre, Columbus
Details enclosed!
JUNE 10
New!
ONCE
Palace Theatre, Columbus
Details enclosed!
On Safari
with Freedom Years
October 28 - November 9
Space limited!
MARCH 14
Euchre Party & Luncheon
Details enclosed!
MARCH 26
South Pacific
LaComedia Dinner Theatre
Waitlist!
Extended Vacations & Get-A-Ways...
APRIL 8 - 9
Purses, Patterns & Totes
…OH MY!
Fort Wayne, Indiana
Details enclosed!
APRIL 14 - 17
Meet Me in St. Louis
Details enclosed!
APRIL 20 - 23
Las Vegas Escape
Details enclosed!
APRIL 23 - 30
Northern California
Sacramento, San Francisco
Details enclosed!
MAY 5 - 11
Lighthouses of the
Mid-Atlantic
Ocean City, Baltimore
& Virginia Beach
Call for a detailed brochure!
MAY 16 - 24
A Scottish Dream
Edinburgh, Glasgow,
Loch Lomond & More!
Waitlist!
JUNE 12 -15
Niagara Falls
Details enclosed!
An optional 2 night extension to
Camp Xakanaxa available
Per person prices: A deposit
of $1,000 per person and the
optional insurance premium
are due with reservation.$7,995
double occupancy, $9,995 single
occupancy
JULY 7 -19
Alaska Yukon by Land
& Sea
Onboard Holland America’s
Noordam
Waitlist!
Call for a detailed brochure!
Final payment due: 7/20
JULY 14 - 26
Alaska Yukon by Land & Sea
All categories available New
AUGUST 4 - 6
Shipshewana New!
Details enclosed!
A once in a lifetime experience
awaits us in South Africa,
Zambia, and Botswana. This tour
combines the best of everything
from a school visit with children,
a village stop in Zambia, and
unbelievable views of nature at
its best up close.
!
AUGUST 8 - 16
American Empress
Riverboat Cruise
Call for availability!
OCTOBER 28 NOVEMBER 9
A Southern
Africa Safari!
South Africa, Zambia
& Botswana
Call for availability!
Make reservations today! 740.455.7283 | [email protected]
Trust & Investment Services
14 South Fifth Street
Zanesville, Ohio 43701
CenturyNationalBank.com
Phone: 740.455.7324
INGLE RETIREES
RETIREES
INGLE
FINANCIAL
FINANCIAL MANAGEMENT
MANAGEMENT FOR
FOR SIN
SIN
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.
Housing
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.
FINANCIAL MANAGEMENT FOR SI
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….Jody Spencer Century National Bank , Trust & Investments
I invite you to find out more about us and our investment management capabilities. If you have
questions, or would like to schedule a time to meet, just give me a call! My direct line is 740.455.7252.
I’ll look forward to hearing from 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!