Parke Bancorp Declares $0.18 Dividend, Emphasizing Growth and Shareholder Value

Parke Bancorp Announces Quarterly Cash Dividend Amid Growth Focus

Parke Bancorp, Inc. announces a cash dividend of $0.18 per share, scheduled for payment on October 17, 2025, to stockholders of record as of October 3, 2025. This development underscores the company’s commitment to returning value to its shareholders while balancing its growth strategy. The Board of Directors indicates that future dividends will be issued quarterly, dependent on the financial health of Parke Bancorp and its subsidiary, Parke Bank. This approach reflects a measured strategy that aligns with the bank's ongoing growth and stability in the competitive commercial banking landscape.

Founded in January 2005, Parke Bancorp operates Parke Bank, which has been serving customers since January 1999. Headquartered in Washington Township, New Jersey, the bank has established a significant presence across the state with multiple branches in Northfield, Galloway Township, and Collingswood, as well as two branches in Philadelphia. As a full-service commercial bank, Parke Bank focuses on providing personal and business financial services tailored to the needs of individuals and small businesses in Gloucester, Atlantic, and Cape May counties in New Jersey, along with areas in Pennsylvania. The bank's commitment to serving local communities is reflected in its robust service offerings and regional focus.

The announcement of the cash dividend aligns with Parke Bancorp's ongoing strategy to reinforce its financial position while cautiously navigating the regulatory landscape. The company emphasizes that future dividend payments will be contingent upon various factors, including the overall economic environment and any legal or regulatory constraints that may arise. This cautious stance is necessary as the company navigates potential risks and uncertainties, which it openly addresses in its forward-looking statements. Parke Bancorp disclaims any obligation to update these statements as circumstances evolve, highlighting the dynamic nature of the banking industry.

In addition to the dividend declaration, Parke Bank continues to strengthen its market position through strategic branch expansions and enhanced service offerings. The bank prioritizes the security of its customers' deposits, which are federally insured by the FDIC up to the maximum legal limit. This assurance, combined with Parke Bank's community-focused approach, positions the bank favorably in a competitive marketplace, appealing to individuals and businesses seeking reliable financial services.

As Parke Bancorp moves forward, its commitment to shareholder value, community engagement, and regulatory compliance will be critical in navigating the complexities of the banking sector.