Parke Bancorp, Inc. Announces Cash Dividend | Associated press

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WASHINGTON TOWNSHIP, NJ, Sept. 23, 2021 / PRNewswire / – Parke Bancorp, Inc. (the “Company”) (NASDAQ: PKBK) today announced the declaration of a cash dividend of $ 0.16 per share payable on October 20, 2021 to its shareholders of record at the close of business on October 6, 2021.

The Board expects to pay cash dividends on a quarterly basis, subject to the determination and declaration of the Board of Directors, which will take into account a number of factors, including the financial condition of the Company and the Bank, and any applicable legal and regulatory restrictions on the payment of dividends by the Company. If paid, these dividends may be reduced or eliminated in future periods.

Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank began operations in January 1999. Parke Bancorp and Parke Bank have their principal offices at 601 Delsea Drive, Washington Township, New Jersey. Parke Bank operates through a branch in Northfield, New Jersey, two branches in Washington Township, New Jersey, one branch in Galloway Township, New Jersey, one branch in Collingswood, New Jersey, a branch in downtown Philadelphia and a branch in Chinatown Philadelphia. Parke Bank is a full-service commercial bank, focused on providing personal and business financial services to individuals and small businesses, primarily in Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia and the surrounding counties in Pennsylvania. Parke Bank deposits are insured up to the legal maximum amount by the Federal Deposit Insurance Corporation (FDIC). Parke Bancorp common stock is traded on the NASDAQ Capital Market under the symbol “PKBK”.

This press release may contain forward-looking statements. These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently expected due to a number of factors; our ability to maintain a strong capital base; our ability to continue to pay a dividend in the future; our ability to increase shareholder value in the future; our results and equity; and the possibility that corrective measures or additional limitations on the operations of Parke Bancorp and Parke Bank may be imposed by banking regulators, therefore, readers should not place undue reliance on forward-looking statements. Parke Bancorp, Inc. does not undertake, and specifically disclaims, any obligation to publish the results of any revision that may be made to any forward-looking statement to reflect the occurrence of anticipated or unforeseen events or circumstances after the date of such circumstances. . .

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SOURCE Parke Bancorp, Inc.

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