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PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

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Parke Bancorp (NASDAQ: PKBK) has declared a quarterly cash dividend of $0.18 per share, payable on January 17, 2025, to stockholders of record as of January 3, 2025. The Board plans to continue quarterly dividend payments, subject to various factors including the company's and bank's financial condition and regulatory restrictions.

The company operates through multiple branch offices across New Jersey and Philadelphia, focusing on personal and business financial services for individuals and small businesses in Gloucester, Atlantic, Cape May counties in New Jersey, and Philadelphia area. All deposits are FDIC-insured.

Parke Bancorp (NASDAQ: PKBK) ha dichiarato un dividendo in contante trimestrale di $0,18 per azione, che sarà pagato il 17 gennaio 2025 agli azionisti registrati al 3 gennaio 2025. Il Consiglio prevede di continuare i pagamenti di dividendi trimestrali, soggetti a vari fattori tra cui la condizione finanziaria dell'azienda e della banca e le restrizioni normative.

L'azienda opera attraverso diverse filiali nel New Jersey e a Filadelfia, concentrandosi sui servizi finanziari personali e per le imprese per individui e piccole aziende nelle contee di Gloucester, Atlantic, Cape May nel New Jersey e nell'area di Filadelfia. Tutti i depositi sono assicurati dalla FDIC.

Parke Bancorp (NASDAQ: PKBK) ha declarado un dividendo en efectivo trimestral de $0,18 por acción, que se pagará el 17 de enero de 2025 a los accionistas registrados al 3 de enero de 2025. La Junta tiene la intención de continuar con los pagos trimestrales de dividendos, sujetos a varios factores, incluyendo la condición financiera de la empresa y del banco, así como las restricciones regulatorias.

La empresa opera a través de múltiples sucursales en Nueva Jersey y Filadelfia, centrándose en servicios financieros personales y empresariales para individuos y pequeñas empresas en los condados de Gloucester, Atlantic y Cape May en Nueva Jersey, y el área de Filadelfia. Todos los depósitos están asegurados por la FDIC.

Parke Bancorp (NASDAQ: PKBK)는 주당 $0.18의 분기 현금 배당금을 선언했으며, 이는 2025년 1월 17일에 2025년 1월 3일 기준 주주에게 지급될 예정입니다. 이사회는 회사 및 은행의 재정 상태와 규제 제한을 포함한 여러 요인에 따라 분기별 배당금 지급을 계속할 계획입니다.

이 회사는 뉴저지와 필라델피아 전역에 여러 가지 지점을 운영하고 있으며, 뉴저지의 글로스터, 아틀랜틱, 케이프 메이 카운티 및 필라델피아 지역의 개인과 소규모 기업을 위한 개인 및 사업 금융 서비스에 집중하고 있습니다. 모든 예금은 FDIC에 의해 보험이 적용됩니다.

Parke Bancorp (NASDAQ: PKBK) a déclaré un dividende en espèces trimestriel de $0,18 par action, qui sera payable le 17 janvier 2025 aux actionnaires inscrits au 3 janvier 2025. Le Conseil prévoit de continuer les paiements de dividendes trimestriels, sous réserve de divers facteurs, y compris la situation financière de l’entreprise et de la banque, ainsi que les restrictions réglementaires.

L'entreprise opère à travers plusieurs agences dans le New Jersey et à Philadelphie, se concentrant sur des services financiers personnels et professionnels pour les particuliers et les petites entreprises dans les comtés de Gloucester, Atlantic, Cape May dans le New Jersey, et la région de Philadelphie. Tous les dépôts sont assurés par la FDIC.

Parke Bancorp (NASDAQ: PKBK) hat eine vierteljährliche Bardividende von 0,18 $ pro Aktie erklärt, die am 17. Januar 2025 an die am 3. Januar 2025 registrierten Aktionäre ausgezahlt wird. Der Vorstand plant, die vierteljährlichen Dividendenzahlungen fortzusetzen, vorbehaltlich verschiedener Faktoren, einschließlich der finanziellen Lage des Unternehmens und der Bank sowie regulatorischer Beschränkungen.

Das Unternehmen betreibt mehrere Niederlassungen in New Jersey und Philadelphia und konzentriert sich auf persönliche und geschäftliche Finanzdienstleistungen für Privatpersonen und kleine Unternehmen in den Landkreisen Gloucester, Atlantic, Cape May in New Jersey und im Raum Philadelphia. Alle Einlagen sind durch die FDIC versichert.

Positive
  • Maintaining consistent dividend payment of $0.18 per share
  • Broad geographical presence with multiple branch locations
  • Diversified business model serving both personal and business segments
Negative
  • Future dividends may be reduced or eliminated based on financial conditions
  • Dividend payments subject to regulatory restrictions

WASHINGTON TOWNSHIP, N.J., Dec. 18, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on January 17, 2025, to its stockholders of record as of the close of business on January 3, 2025.

The Board anticipates paying cash dividends on a quarterly basis, subject to determination and declaration by 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, such dividends may be reduced or eliminated in future periods.

Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999. Parke Bancorp and Parke Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey. Parke Bank conducts business through a branch office in Northfield, New Jersey, two branch offices in Washington Township, New Jersey, a branch office in Galloway Township, New Jersey, a branch office in Collingswood, New Jersey, a branch in center city Philadelphia and a branch in Chinatown in Philadelphia. Parke Bank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small-sized businesses primarily in Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia and surrounding counties in Pennsylvania. Parke Bank's deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC). Parke Bancorp's common stock is traded on the NASDAQ Capital Market under the symbol "PKBK".

This release may contain forward-looking statements. Such forward-looking statements are subject to risks and uncertainties which may cause actual results to differ materially from those currently anticipated 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 enhance shareholder value in the future; our earnings and shareholders' equity; and the possibility of additional corrective actions or limitations on the operations of Parke Bancorp and Parke Bank being imposed by banking regulators, therefore, readers should not place undue reliance on any forward-looking statements. Parke Bancorp, Inc. does not undertake, and specifically disclaims, any obligations to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such circumstance.

Cision View original content:https://www.prnewswire.com/news-releases/parke-bancorp-inc-announces-cash-dividend-302334096.html

SOURCE Parke Bancorp, Inc.

FAQ

When will PKBK pay its latest dividend?

Parke Bancorp will pay its $0.18 per share dividend on January 17, 2025, to stockholders of record as of January 3, 2025.

What is the dividend amount for PKBK's latest announcement?

Parke Bancorp announced a cash dividend of $0.18 per share.

What is the record date for PKBK's latest dividend?

The record date for Parke Bancorp's latest dividend is January 3, 2025.

How frequently does PKBK pay dividends?

The Board anticipates paying cash dividends on a quarterly basis, subject to various factors and board approval.

What factors could affect PKBK's future dividend payments?

Future dividend payments depend on the financial condition of the company and bank, applicable legal and regulatory restrictions, and Board determination.

Parke Bancorp Inc.

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