Parke Bancorp Declares $0.20 Quarterly Dividend

The board of directors intends to maintain a quarterly dividend schedule, though future payments remain contingent on the company’s ongoing financial health and regulatory requirements. Officials noted that these distributions could be reduced or eliminated depending on prevailing economic conditions and potential constraints imposed by banking authorities.

Headquartered at 601 Delsea Drive in New Jersey, Parke Bancorp operates through its subsidiary, Parke Bank. The institution provides commercial and personal financial services across southern New Jersey and the Philadelphia area, maintaining branches in locations including Northfield, Galloway, Collingswood, and Philadelphia’s Chinatown. The bank’s common stock trades on the NASDAQ Capital Market under the ticker symbol PKBK.