Parke Bancorp, Inc. (Parke Bank)

Parke Bancorp, Inc. is a bank holding company that operates primarily through its subsidiary, Parke Bank, a full-service commercial bank. The company's core mission is to provide personal and business financial services to individuals and small to mid-sized businesses. Its principal offices are located in Washington Township, New Jersey.

Parke Bank offers a comprehensive range of financial products and services, including various loan products such as commercial real estate, residential real estate, construction, commercial and industrial, and consumer loans. Deposit services encompass checking, savings, money market, time deposits, individual retirement accounts (IRAs), and certificates of deposit (CDs). The bank also provides modern conveniences like debit cards, internet banking, and online bill payment. Its market segments primarily cover Gloucester, Atlantic, and Cape May counties in Southern New Jersey, as well as Philadelphia and surrounding counties in Pennsylvania.

In recent news, Parke Bancorp, Inc. announced strong financial results for the second quarter of 2026, with net income available to common shareholders increasing by 47.8% year-over-year and diluted earnings per share reaching $1.03. Net interest income also saw a significant rise of 28.8%. The company's leadership includes Vito S. Pantilione as President, CEO, and Director, and Daniel J. Dalton as Chairman of the Board. Parke Bancorp continues to focus on community banking, demonstrating robust performance with an improved net interest margin and a recently approved stock repurchase plan for up to 5% of its common stock.