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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 April 18, 2025, to stockholders of record as of April 4, 2025. The Board plans to continue quarterly dividends, subject to various factors including the company's and bank's financial condition and regulatory restrictions.

Parke Bank operates through multiple branches across New Jersey, including Northfield, Washington Township, Galloway Township, and Collingswood, as well as two Philadelphia locations. The bank specializes in providing personal and business financial services to small-sized businesses, primarily serving Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia area in Pennsylvania.

Parke Bancorp (NASDAQ: PKBK) ha dichiarato un dividendo in contante trimestrale di $0,18 per azione, che sarà pagato il 18 aprile 2025, agli azionisti registrati al 4 aprile 2025. Il Consiglio prevede di continuare a distribuire dividendi trimestrali, soggetti a vari fattori, tra cui la situazione finanziaria della società e della banca e le restrizioni normative.

Parke Bank opera attraverso diverse filiali nel New Jersey, tra cui Northfield, Washington Township, Galloway Township e Collingswood, oltre a due sedi a Filadelfia. La banca è specializzata nella fornitura di servizi finanziari personali e aziendali a piccole imprese, servendo principalmente le contee di Gloucester, Atlantic e Cape May nel New Jersey e l'area di Filadelfia in Pennsylvania.

Parke Bancorp (NASDAQ: PKBK) ha declarado un dividendo en efectivo trimestral de $0.18 por acción, que se pagará el 18 de abril de 2025, a los accionistas registrados hasta el 4 de abril de 2025. La Junta planea continuar con los dividendos trimestrales, sujetos a varios factores, incluyendo la situación financiera de la empresa y del banco, así como las restricciones regulatorias.

Parke Bank opera a través de múltiples sucursales en Nueva Jersey, incluyendo Northfield, Washington Township, Galloway Township y Collingswood, así como en dos ubicaciones en Filadelfia. El banco se especializa en ofrecer servicios financieros personales y comerciales a pequeñas empresas, sirviendo principalmente a los condados de Gloucester, Atlantic y Cape May en Nueva Jersey y al área de Filadelfia en Pennsylvania.

Parke Bancorp (NASDAQ: PKBK)는 주당 $0.18의 분기 현금 배당금을 선언했으며, 2025년 4월 18일에 2025년 4월 4일 기준 주주에게 지급될 예정입니다. 이사회는 회사와 은행의 재무 상태 및 규제 제한을 포함한 다양한 요인에 따라 분기 배당금을 계속 지급할 계획입니다.

Parke Bank는 뉴저지 전역에 여러 지점을 운영하고 있으며, Northfield, Washington Township, Galloway Township 및 Collingswood를 포함하고, 필라델피아에 두 개의 지점이 있습니다. 이 은행은 뉴저지의 Gloucester, Atlantic 및 Cape May 카운티와 펜실베이니아의 필라델피아 지역에 주로 서비스를 제공하는 소규모 비즈니스에 개인 및 비즈니스 금융 서비스를 제공하는 데 전문화되어 있습니다.

Parke Bancorp (NASDAQ: PKBK) a déclaré un dividende en espèces trimestriel de 0,18 $ par action, payable le 18 avril 2025, aux actionnaires enregistrés au 4 avril 2025. Le Conseil prévoit de continuer à verser des dividendes trimestriels, sous réserve de divers facteurs, y compris la situation financière de l'entreprise et de la banque, ainsi que des restrictions réglementaires.

Parke Bank opère à travers plusieurs agences dans le New Jersey, y compris Northfield, Washington Township, Galloway Township et Collingswood, ainsi que deux emplacements à Philadelphie. La banque est spécialisée dans la fourniture de services financiers personnels et commerciaux aux petites entreprises, servant principalement les comtés de Gloucester, Atlantic et Cape May dans le New Jersey et la région de Philadelphie en Pennsylvanie.

Parke Bancorp (NASDAQ: PKBK) hat eine vierteljährliche Bar-Dividende von 0,18 $ pro Aktie erklärt, die am 18. April 2025 an die Aktionäre ausgezahlt wird, die am 4. April 2025 im Aktienregister stehen. Der Vorstand plant, vierteljährliche Dividenden fortzusetzen, vorbehaltlich verschiedener Faktoren, einschließlich der finanziellen Lage des Unternehmens und der Bank sowie regulatorischer Einschränkungen.

Die Parke Bank betreibt mehrere Filialen in New Jersey, darunter Northfield, Washington Township, Galloway Township und Collingswood sowie zwei Standorte in Philadelphia. Die Bank ist auf die Bereitstellung von persönlichen und geschäftlichen Finanzdienstleistungen für kleine Unternehmen spezialisiert, die hauptsächlich in den Landkreisen Gloucester, Atlantic und Cape May in New Jersey sowie im Raum Philadelphia in Pennsylvania tätig sind.

Positive
  • Maintaining regular quarterly dividend payments of $0.18 per share
  • Strong geographical presence with 7 branch locations across New Jersey and Philadelphia
  • FDIC insurance coverage for deposits
Negative
  • Potential for future dividend reduction or elimination based on financial conditions
  • Subject to regulatory restrictions that may limit operational flexibility

WASHINGTON TOWNSHIP, N.J., March 19, 2025 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on April 18, 2025, to its stockholders of record as of the close of business on April 4, 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-302404815.html

SOURCE Parke Bancorp, Inc.

FAQ

What is the amount and payment date of Parke Bancorp's (PKBK) latest dividend?

Parke Bancorp declared a $0.18 per share dividend, payable on April 18, 2025, to stockholders of record as of April 4, 2025.

How many branch locations does Parke Bank (PKBK) currently operate?

Parke Bank operates 7 branches: one in Northfield, two in Washington Township, one in Galloway Township, one in Collingswood, and two in Philadelphia (center city and Chinatown).

What are the primary service areas for Parke Bank (PKBK)?

Parke Bank primarily serves Gloucester, Atlantic and Cape May counties in New Jersey, and Philadelphia and surrounding counties in Pennsylvania.

What factors could affect PKBK's future dividend payments?

Future dividends depend on the company's and bank's financial condition, applicable legal and regulatory restrictions, and Board of Directors' determination, and may be reduced or eliminated.
Parke Bancorp Inc

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