PKBK

Parke Bancorp, Inc. operates as the bank holding company for Parke Bank, a commercial bank serving businesses and individuals primarily in New Jersey and southeastern Pennsylvania. Headquartered in Washington Township, New Jersey, the company was founded in 1999 and conducts its operations through multiple branch locations across its market area. Parke Bank focuses on relationship-based commercial banking, offering commercial real estate loans, construction financing, multi-family residential loans, and business lines of credit as its primary lending products. The bank also provides traditional deposit products including checking accounts, savings accounts, money market accounts, and certificates of deposit. With approximately $2 billion in total assets, Parke Bancorp positions itself as a community-oriented commercial bank emphasizing personalized service and quick decision-making for small to medium-sized businesses. The company maintains a loan portfolio heavily concentrated in commercial real estate, which comprises the majority of its lending activity. Parke Bank differentiates itself through its focus on local market knowledge and direct access to senior management for loan decisions. The bank employs around 90 people and operates as a closely-held institution with significant insider ownership. Recent performance reflects the company's strategy of maintaining disciplined underwriting standards while growing its commercial lending relationships within its established geographic footprint in the greater Philadelphia and New Jersey markets.