PKBK
Parke Bancorp
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PKBK Profile
Parke Bancorp, Inc.
The holding company for Parke Bank that operates in New Jersey
601 Delsea Drive
, Washington Township
, New Jersey 08080
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Parke Bancorp, Inc., is a bank holding company incorporated in January 2005 under the laws of the State of New Jersey. The sole purpose of the company is to be the holding company of the bank. The company started operations on June 1, 2005, and the shareholders of the bank organized a reorganization of the holding company with the approval of its 2005 annual shareholders meeting. The company's business and operations mainly include the bank. The Bank is a commercial bank that began operations on January 28, 1999. The Bank is insured through the New Jersey division of the Bank and by the Federal Deposit Insurance Corporation (" FDIC "). The bank focuses on commercial loan origination for small and medium-sized businesses (typically up to $25 million in annual sales). Commercial loan products include residential and commercial real estate construction loans; working capital loans and lines of credit; demand, long-term loans; equipment and inventory and accounts receivable financing. Residential construction loans developed in tracts are also included in the commercial loan category. The bank also offers a range of deposit products to its business customers.