WASHINGTON TOWNSHIP, N.J., Sept. 28,
2023 /PRNewswire/ -- Parke Bancorp, Inc. (the
"Company") (NASDAQ: PKBK) – is pleased to announce
Parke Bank has been named to the
Bank Director's Ranking Banking: The Best U.S. Banks 2023 as one of
the Top 20 performing banks across the nation amongst its peer
group ($1 billion to $5 billion). Bank Director analyzed a consistent
set of metrics to assess performance, based on calendar year 2022
results: return on average equity and return on average assets, the
tangible common equity ratio, nonperforming assets and total
shareholder return. The data divided banks into three asset
categories: $50 billion and above,
$5 billion to $50 billion and $1
billion to $5 billion. S&P
Global Market Intelligence provided the data, which was analyzed by
Piper Sandler & Co.
Parke Bank is honored to receive
this recognition and to be listed alongside the most respected
banks in the country.
The Bank Director's list of Best U.S. Banks 2023 was announced
on August 15, 2023 and can currently
be viewed on the Bank Director website.
About Parke Bank
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".
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SOURCE Parke Bancorp, Inc.