Welcome to our dedicated page for Parke Bancorp news (Ticker: PKBK), a resource for investors and traders seeking the latest updates and insights on Parke Bancorp stock.
Parke Bancorp, Inc. reports recurring developments as the bank holding company for Parke Bank, a full-service commercial bank serving individuals and small businesses primarily in southern New Jersey and the Philadelphia area. Company news centers on quarterly earnings, loan and deposit trends, net interest income and margin, interest expense, provision for credit losses, and the mix of deposits and borrowings.
Updates also cover cash dividend declarations and changes to the dividend rate, with Board determinations tied to the financial condition of the company and the bank and applicable banking restrictions. Parke Bank operates through branches in New Jersey and Philadelphia, and its deposits are insured by the FDIC up to legal limits.
Parke Bancorp, trading under NASDAQ: PKBK, has declared a $0.18 per share cash dividend, payable on July 19, 2024, to stockholders of record as of July 5, 2024.
The Board plans to issue dividends quarterly, contingent on the company's financial health and regulatory conditions, but may reduce or eliminate future dividends if necessary.
Parke Bancorp, established in 2005, operates through multiple branches in New Jersey and Philadelphia, focusing on personal and business financial services.
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