#USA #Dividend #Parke Bancorp #Washington Township #Parke Bank

Parke Bancorp, Inc. Announces Cash Dividend

Parke Bancorp, Inc. has made a significant announcement regarding its shareholder benefits. On March 19, 2025, the company declared a cash dividend of $0.18 per share. This dividend is scheduled to be distributed on April 18, 2025, to those shareholders who are on record as of the end of business on April 4, 2025.

The decision to declare dividends highlights the board’s intention to return value to its shareholders and is part of the broader strategy to foster ongoing engagement with investors. While the company anticipates maintaining a quarterly dividend distribution, it's important to note that future payments will be contingent upon various factors. The company's financial condition, regulatory requirements, and market conditions will all be taken into account during dividend declarations. This ensures that the board can make informed decisions that align with the best interests of the company and its shareholders.

About Parke Bancorp

Incorporated in January 2005, Parke Bancorp, Inc. is the holding company for Parke Bank, which has been operational since January 1999. The headquarters of Parke Bancorp is located at 601 Delsea Drive, Washington Township, New Jersey. The bank has expanded its reach and now operates multiple branches, including locations in Northfield, Washington Township, Galloway Township, Collingswood, and two branches in Philadelphia, Pennsylvania. The emphasis of Parke Bank is on providing comprehensive financial services tailored to individuals and small businesses, predominantly in the counties of Gloucester, Atlantic, and Cape May in New Jersey, as well as in Philadelphia and its vicinity.

Parke Bank is a full-service commercial bank, and the deposits made with the institution are insured by the Federal Deposit Insurance Corporation (FDIC) to the maximum legal limits. This regulation provides an added layer of security for the bank’s clientele. Trading under the NASDAQ Capital Market, Parke Bancorp’s stock is listed under the symbol PKBK, making it accessible for potential investors interested in bank-related investments.

Looking Ahead

The company also communicated caution regarding the future condition of its dividends. Current financial metrics indicate a stable trajectory; however, external factors and regulatory pressures may influence future declarations. Statements concerning anticipated operations and dividends should be viewed with consideration of inherent risks. These include the ability to uphold a robust capital base and fulfill expectations surrounding shareholder value enhancement.

It's vital for investors to remain informed about potential fluctuations in dividends or other corrective actions that may arise due to regulatory scrutiny. Parke Bancorp, Inc. is committed to transparency and does not intend to voluntarily disclose revisions to forward-looking statements unless required by law.

As Parke Bancorp embarks on this new chapter with dividend declarations, both existing investors and potential stakeholders will be keenly watching the company’s performance in the coming quarters. The declaration of dividends not only signifies a prosperous moment for the company but also sets the stage for ongoing shareholder engagement in a dynamic banking environment.