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PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

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Parke Bancorp (NASDAQ: PKBK) has declared a $0.18 per share cash dividend, payable on October 18, 2024, to stockholders of record as of October 4, 2024. The Board anticipates paying dividends quarterly, subject to various factors and potential legal restrictions. Parke Bank, established in 1999, operates through six branch offices in New Jersey and two in Philadelphia. It focuses on providing financial services to individuals and small businesses in Gloucester, Atlantic, Cape May, and Philadelphia counties. Parke Bancorp's deposits are FDIC-insured, and its stock trades on the NASDAQ Capital Market under the symbol 'PKBK'.

Parke Bancorp (NASDAQ: PKBK) ha dichiarato un dividendo in contante di $0.18 per azione, che sarà pagato il 18 ottobre 2024, agli azionisti registrati al 4 ottobre 2024. Il Consiglio prevede di pagare dividendi su base trimestrale, soggetti a vari fattori e potenziali restrizioni legali. Parke Bank, fondata nel 1999, opera attraverso sei filiali nel New Jersey e due a Philadelphia. Si concentra sulla fornitura di servizi finanziari a privati e piccole imprese nei territori di Gloucester, Atlantic, Cape May e Philadelphia. I depositi di Parke Bancorp sono assicurati dalla FDIC e le sue azioni sono scambiate sul mercato NASDAQ Capital con il simbolo 'PKBK'.

Parke Bancorp (NASDAQ: PKBK) ha declarado un dividendo en efectivo de $0.18 por acción, que se pagará el 18 de octubre de 2024, a los accionistas registrados hasta el 4 de octubre de 2024. La Junta anticipa pagar dividendos trimestralmente, sujetos a diversos factores y posibles restricciones legales. Parke Bank, establecido en 1999, opera a través de seis sucursales en Nueva Jersey y dos en Filadelfia. Se centra en proporcionar servicios financieros a individuos y pequeñas empresas en los condados de Gloucester, Atlantic, Cape May y Filadelfia. Los depósitos de Parke Bancorp están asegurados por la FDIC, y sus acciones se cotizan en el mercado NASDAQ Capital bajo el símbolo 'PKBK'.

Parke Bancorp (NASDAQ: PKBK)는 주당 $0.18 현금 배당금을 선언했으며, 2024년 10월 18일에 지불될 예정입니다. 배당금은 2024년 10월 4일 기준 주주에게 지급됩니다. 이사회는 다양한 요인 및 법적 제약에 따라 분기별로 배당금을 지급할 계획입니다. 1999년에 설립된 Parke Bank는 뉴저지주에 여섯 개 지점을 운영하며, 필라델피아에 두 개의 지점을 두고 있습니다. Gloucester, Atlantic, Cape May, 필라델피아 카운티의 개인 및 중소기업에게 금융 서비스를 제공하는 데 주력하고 있습니다. Parke Bancorp의 예금은 FDIC에 의해 보험에 가입되어 있으며, 그 주식은 'PKBK' 기호로 NASDAQ Capital Market에서 거래되고 있습니다.

Parke Bancorp (NASDAQ: PKBK) a déclaré un dividende en espèces de 0,18 $ par action, payable le 18 octobre 2024, aux actionnaires enregistrement au 4 octobre 2024. Le Conseil prévoit de verser des dividendes trimestriellement, sous réserve de divers facteurs et éventuelles restrictions légales. La Parke Bank, fondée en 1999, opère à travers six agences dans le New Jersey et deux à Philadelphie. Elle se concentre sur la fourniture de services financiers aux particuliers et aux petites entreprises dans les comtés de Gloucester, Atlantic, Cape May et Philadelphie. Les dépôts de Parke Bancorp sont assurés par la FDIC, et ses actions se négocient sur le NASDAQ Capital Market sous le symbole 'PKBK'.

Parke Bancorp (NASDAQ: PKBK) hat eine Bardividende von $0.18 pro Aktie erklärt, die am 18. Oktober 2024 an Aktionäre ausgezahlt wird, die am 4. Oktober 2024 registriert sind. Der Vorstand plant, vierteljährlich Dividenden zu zahlen, vorbehaltlich verschiedener Faktoren und möglicher rechtlicher Beschränkungen. Die 1999 gegründete Parke Bank betreibt sechs Filialen in New Jersey und zwei in Philadelphia. Ihr Schwerpunkt liegt auf der Bereitstellung von Finanzdienstleistungen für Privatpersonen und kleine Unternehmen in den Landkreisen Gloucester, Atlantic, Cape May und Philadelphia. Die Einlagen von Parke Bancorp sind durch die FDIC versichert, und ihre Aktien werden am NASDAQ Capital Market unter dem Symbol 'PKBK' gehandelt.

Positive
  • Declaration of $0.18 per share cash dividend
  • Intention to continue quarterly dividend payments
  • Diverse branch network across New Jersey and Philadelphia
  • Focus on serving individuals and small businesses in specific counties
  • FDIC-insured deposits providing security for customers
Negative
  • Future dividends may be reduced or eliminated based on various factors
  • Dividend payments subject to legal and regulatory restrictions

WASHINGTON TOWNSHIP, N.J., Sept. 18, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on October 18, 2024, to its stockholders of record as of the close of business on October 4, 2024.

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-302251837.html

SOURCE Parke Bancorp, Inc.

FAQ

When will Parke Bancorp (PKBK) pay its recently announced dividend?

Parke Bancorp (PKBK) will pay the recently announced dividend of $0.18 per share on October 18, 2024.

What is the record date for Parke Bancorp's (PKBK) upcoming dividend?

The record date for Parke Bancorp's (PKBK) upcoming dividend is October 4, 2024.

How much is Parke Bancorp's (PKBK) latest dividend per share?

Parke Bancorp's (PKBK) latest dividend is $0.18 per share.

Does Parke Bancorp (PKBK) plan to pay dividends regularly?

Yes, Parke Bancorp (PKBK) anticipates paying cash dividends on a quarterly basis, subject to Board determination and various factors.

Where are Parke Bancorp's (PKBK) branch offices located?

Parke Bancorp (PKBK) has branch offices in Northfield, Washington Township, Galloway Township, and Collingswood in New Jersey, and two branches in Philadelphia, Pennsylvania.

Parke Bancorp Inc.

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