Parke Bancorp, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Vito S. Pantilione
- Full Time Employees
- 99
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 601 Delsea Drive Washington Township NJ United States of America 08080
- IPO Date
- Jun 23, 2003
- CIK
- 0001315399
- Website
- parkebank.com
- Similar Companies
- Business
- Parke Bancorp, Inc. (PKBK) operates as the holding company for Parke Bank, a full-service commercial bank that provides personal and business financial services to individuals, small to mid-sized businesses, and other customers primarily in southern New Jersey counties including Camden, Atlantic, Burlington, Cape May, Cumberland, Gloucester, and Salem, as well as Philadelphia and Delaware counties in Pennsylvania; the bank offers deposit products such as checking accounts, savings accounts, money market deposits including Parke Select Personal or Business Money Market, time deposits, certificates of deposit, and individual retirement accounts; its loan portfolio encompasses residential loans, commercial real estate loans (including owner-occupied and non-owner occupied), construction loans, commercial and industrial loans, multi-family loans, and consumer loans, complemented by services including debit cards, internet banking, online bill payment, Zelle money transfers, business loans, cannabis banking solutions, and a Special Purpose Credit Program for home loans with low down payments in approved Philadelphia census tracts; Parke Bank maintains its corporate headquarters at 601 Delsea Drive in Washington Township, New Jersey, with seven branch offices in Washington Township and Northfield in New Jersey, Collingswood in New Jersey, and Center City Philadelphia and Chinatown in Philadelphia, and its deposits are insured by the Federal Deposit Insurance Corporation up to applicable limits. Founded in 1999, the company, with approximately 108 employees and led by President and CEO Vito S. Pantilione, trades on the Nasdaq Capital Market under the ticker PKBK and reports total assets of $2.17 billion, gross loans of $1.96 billion, and total deposits of $1.75 billion as of September 30, 2025. Recent developments include robust loan portfolio growth of 4.9% to $1.96 billion and deposit expansion of 7.5% to $1.75 billion year-over-year through September 30, 2025, driven by increased demand, addition of lending staff, and new originations of $144 million in the first nine months; repayment of $30.0 million in 6.5% subordinated debt and $75.0 million in Federal Home Loan Bank of New York advances during the period, bolstering the balance sheet and reducing interest expense; total equity growth to $314.8 million from $300.1 million at year-end 2024 amid net income of $26.7 million for the nine months ended September 30, 2025 (up 32.7% year-over-year); and maintenance of strong asset quality with nonperforming loans at 0.63% of total loans and an allowance for credit losses at 1.73% as of that date.
PARKE BANCORP, INC. ANNOUNCES STOCK REPURCHASE PLAN
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