ParkeBank is offering depositors an opportunity to save as much as $44,075 off the cost of a four-year degree. Through a partnership with SAGE Scholars, ParkeBank offers its College Tuition Rewards Program to all its personal deposit customers. Account-holders now have the opportunity to earn Tuition Reward points, similar to frequent flyer miles, which can be redeemed as tuition discounts at 289+ participating private four-year colleges and universities.

“We realize the burden that paying for a college education can place on families. That’s why we’re pleased we can offer this program to not only help a family pay for college, but to encourage them to start saving early. It is another benefit of becoming a ParkeBank customer. We are proud to be the ONLY bank in New Jersey to offer this program,” said ParkeBank Senior Vice President Daniel Sulpizio.

There is no fee for customers to participate in this unique rewards program. Quarterly, customers who are enrolled in the program will earn reward “points” equaling 1.25% of the combined asset balances in their accounts (checking, savings, certificates of deposit, money market funds, etc.). Each point is equal to and can be redeemed for $1.00 in tuition reduction at participating colleges, who use the program to recruit students. These guaranteed minimum scholarships are capped at one full year of tuition, spread evenly over four years of undergraduate study. Room and board is not included; a college’s normal admissions standards apply. The program is limited to private four-year colleges and universities that participate in the program.

The earlier that a ParkeBank customer enrolls and registers a student, the more points toward tuition they will accumulate. A registered student can receive points from multiple family members — parents, grandparents, aunts & uncles. The student enrollment deadline is Aug. 31st of the year 11th grade begins.

If you sign up now you will receive 500 Bonus Points, plus 500 Bonus for each child you enroll.

As high school seniors, students submit a rewards statement with their application for their freshman year of college. In 2011, 26,936 students joined the Tuition Rewards Program, participants submitted reward points valued at $18.1 million to participating colleges and universities with Drexel University receiving the most applications (146), followed by Duquesne University (86).

Participating Philadelphia area colleges include Arcadia University, Cabrini College, Chestnut Hill College, Delaware Valley College, Drexel University, Eastern University, Gwynedd-Mercy College, Holy Family University, Immaculata University, Moore College of Art, Rosemont College, The Restaurant School at Walnut Hill and Widener University. In 2011, the program expanded to into 45 states nationwide.

“The need for college assistance is growing. I know firsthand as my daughter is enrolled in a four-year institution,” added Sulpizio. “I wish I had the opportunity to enroll in the Tuition Rewards Program years ago; an extra $10,000 a year would significantly ease the financial burden on both her student loans and my family.”

Article is sponsored by ParkeBank. For more information on the Tuition Rewards Program, contact your local ParkeBank Branch or call 1.866.PARKEBANK (727.5325). ParkeBank maintains its principal office at 601 Delsea Drive, Washington Township, New Jersey. With branch offices in Atlantic, Gloucester and Philadelphia Counties, ParkeBank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small-sized businesses. ParkeBank’s deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC).

Saturday April 14^th 2012
9 am to 3 pm
601 Delsea Drive
Sewell, New Jersey

Help honor a fallen hero who served our nation

All proceeds will fund the “Honoring Sandrino’s Sacrifice Fund”

Day of fun will include:

Treasures to be found at the “Garage Sale”
tables sponsored by employees

Bake Sale

Games, Prizes, Basketball Shoot & More

Snacks and Beverages available

Chance to win:

Four Phillies tickets
Gas Patio Grill
Gourmet Picnic Basket

Remaining “Garage Sale items will be donated to the
Military Order of the Purple Heart Service Foundation, Inc.

***********

One year later, Parke Bank reopens after fire

Published: Friday, January 27, 2012, 12:04 PM

Nearly a year after it was destroyed by an early morning fire last January, the Parke Bank on Egg Harbor Road finally reopened its doors to the public last week.

“It was the longest year of my life,” Daniel Sulpizio Senior Vice President and Director of Retail Banking at Parke Bank said. “It was really difficult to put everything back together. The only thing that was left was the four walls.”

Sulpizio remembers that frigid January morning well. While he works at the bank’s main office on Delsea Drive, he was headed over to the Dunkin Donuts near the Egg Harbor branch for his morning cup of coffee when he noticed a commotion on Hurffville-Cross Keys Road. Thinking it was just a traffic accident—he remembers the roads were particularly icy that day—Sulpizio got closer and soon realized the gravity of the situation.

“When I got to where PJ [Whelihans] is, I was looking over, rubbernecking to see the accident and I see flames shooting out of my building. I was just in amazement,” Sulpizio said.

By the time he got to the scene at around 7:40 a.m., the fire had been spreading for about 10 minutes. There was only one fire truck on scene, but once the fire escalated to two alarms, more of the Washington Township crews were on scene, in addition to a truck from Deptford Township.

Thankfully, no one was in the bank at the time. But Sulpizio knew he’d have his work cut out for him.

Standing in the parking lot of the destroyed building until his toes went numb from the bitter cold, he had to figure out how to handle the bank’s cash, left unharmed in the vaults.

By the time the fire was extinguished in the afternoon, the Washington Township Police Department was on hand to make sure no opportunistic burglars took advantage of the bank’s unarmed state. Sulpizio and his employees moved quickly to transfer the cash to the bank’s main office.

“It was certainly very scary. It was dripping wet. We didn’t know how safe the structure really was,”

While all of the customer information was backed up on the bank’s computer servers in multiple locations, they had to deal with the unique challenges in protecting and transitioning a financial institution.

The bank only had about 20 safe-deposit boxes at the location, but they had to make sure that the contents—which, by bank standards, are not insured by the Federal Deposit Insurance Corp.—remained safe.

“Because we care so much for the customers, we hired the Washington Township Police Department for 24 hours a day, seven days a week surveillance since there were no alarms in building to guard [the safe-deposit boxes,]” Sulpizio said.

Once they were able to clear a path and ensure the structure’s safety, they allowed customers into the bank’s charred remains to collect their belongings. The bank rented a heated trailer so customers would have a warm, private place to retrieve their most important documents and valuables.

While they know the fire started in the bank’s computer room, months of extensive investigations by every manufacturer that had equipment in the room turned up nothing. The official cause of the blaze remains inconclusive. But Sulpizio said they still learned a few lessons from the incident.

“Until you actually experience it, you don’t realize ‘What about this? What about that?’ Things you’d never given thought to, like the safe-deposit box issue. I don’t know of any other banks that’ve ever burned,” Sulpizio said.

After waiting months and months for the fire investigations to be completed, the building was finally handed back over to the bank, and construction to rebuild the location began last summer.

Luckily, the bank still held on to the original blue prints and plans for the building. They contacted their original vendors, and aside from some updates to building codes, they built an exact replica of the bank that once stood in its place.

“We were able to get everything put back together. It took a long time to get to that point,” Sulpizio said.

But it was well worth it. He said that branch’s employees, who were transferred to the banks’ headquarters while their location was rebuilt, were happy to finally see the new doors open. “They’re very happy to be back,” Sulpizio said. “It’s a small, community bank, we’re very family-oriented. They’re very happy to be back in their home.”

Source:  http://www.nj.com/washington-township-times/index.ssf/2012/01/
one_year_later_parke_bank_reop.html

Parke Bancorp reported net income available to common shareholders of $1.32 million, or $0.27 per diluted common share, for the September 30, 2011 quarter, compared to net income of $1.58 million, or $0.32 per diluted common share, reported forthequarter ended September 30, 2010, a decrease of 16.6%. The following is a recap of significant items that impactedthethird quarter of 2011 compared tothesame quarter last year: a $297,000 increase in net interest income primarily attributable to a lower cost of deposits; a $116,000 increase in gain on sale of loans recorded bytheBank’s SBA joint venture, of whichtheBank owns 51%; a $250,000 increase intheloan loss provision; a $243,000 increase in salary expense attributable to annual increases and additional staffing. In addition,theCompany wrote-downthecarrying value of OREO by $480,000 due to signed agreement of sales and deterioration of real estate values in our region. Net income available to common shareholders year-to-date was $5.26 million or $1.05 per diluted common share, compared to $4.89 million, or $0.98 per diluted common share, reported forthenine months ended September 30, 2010, an increase of 7.6%.

At September 30, 2011, Parke Bancorp’s total assets increased to $767.0 million from $756.9 million at December 31, 2010, an increase of $10.2 million or 1.3%.

Parke Bancorp’s total loans increased to $638.2 million from $626.7 million at December 31, 2010, an increase of $11.5 million or 1.8%.

At September 30, 2011, Parke Bancorp had $38.8 million in non-performing loans representing 5.1% of total assets, an increase from $27.4 million at December 31, 2010. Loans past due 30 to 89 days were $4.5 million at September 30, 2011, a decrease of $11.4 million from December 31, 2010 and an increase of $1.2 million from June 30, 2011.

At September 30, 2011, Parke Bancorp’s allowance for loan losses was $16.5 million. The ratio of allowance for loan losses to total loans increased to 2.6% at September 30, 2011 from 2.4% at December 31, 2010. During thequarter Parke Bancorp charged-off $2.4 million in loans, primarily due to estimated collateral deficiencies on impaired loans. The ratio of allowance for loan losses to non-performing loans was 42.5% at September 30, 2011, compared to 53.9% at December 31, 2010.

Parke Bancorp’s total investment securities portfolio decreased to $26.4 million from $29.7 million at December 31, 2010, a decrease of $3.3 million or 11.1%.

OREO at September 30, 2011 was $18.2 million, compared to $16.7 million at December 31, 2010. The real estate owned consisted of 13 properties,thelargest being a condominium development recorded at $12.3 million. This property was sold and financed by Parke Bank in 2010 but does not qualify for a sales treatment under Generally Accepted Accounting Principles (GAAP).

At September 30, 2011, Parke Bancorp’s total deposits increased to $622.0 million from $604.7 million at December 31, 2010, an increase of $2.8 million or 2.9%.

Parke Bancorp’s total borrowings decreased to $64.0 million from $75.6 million at December 31, 2010, a decrease of $11.6 million or 15.3%.

Parke Bancorp’s total equity increased to $76.3 million at September 30, 2011 from $70.7 million at December 31, 2010, an increase of $5.6 million or 7.9%.

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp and Parke Bank, providedthefollowing statement:

“We continue to generate very strong earnings through very tight controls on our expenses and a robust net interest margin. Our year to date net income increased 8% over the same period last year, which was a record year for Parke Bank earnings. The real estate market remains a major challenge to the economy and our Bank. We have made substantial progress on working out the challenges in our loan portfolio; however, we still have work to do. The struggling economy combined with the regulatory environment makes it very difficult to work through challenging assets and generate new loans for our bank. Despite this, we are proud that Parke Bank continues to generate a double digit return to our shareholders, 11.91% through the first three quarters of 2011.”

Parke Bancorp, Inc. was incorporated in January 2005 while Parke Bank commenced operations in January 1999. Parke Bancorp and Parke Bank maintaintheir principal offices at601 Delsea Drive,Washington Township,New Jersey. Parke Bank conducts business through a branch office inNorthfield,New Jersey, two branch offices inWashington Township,New Jersey, a branch office inGalloway Township,New Jerseyand a branch in center cityPhiladelphia. 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 inGloucester, Atlantic and Cape May counties inNew JerseyandPhiladelphiaand surrounding counties inPennsylvania. Parke Bank’s deposits are insured up tothemaximum legal amount bytheFederal Deposit Insurance Corporation (FDIC). Parke Bancorp’s common stock is traded ontheNASDAQ Capital Market underthesymbol “PKBK”.

This release may contain forward-looking statements. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, 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.

Danny Sulpizio and the ParkeBank Team at a Habitat Build

PITMAN, NJ: Gloucester County Habitat for Humanity is pleased to announce a new addition to the Board of Directors membership.

Daniel Sulpizio: Senior Vice President, Parke Bank; Washington Township, New Jersey. Daniel has over 27 years of retail banking experience that has included consumer and commercial lending, relationship management, sales and marketing and government banking. He is responsible for all of Parke Bank’s retail banking activities, sales and marketing and municipal government relationships. Daniel is currently an active member of the Washington Township, Gloucester  County and Greater Atlantic City Chambers of Commerce, also a member of the Galloway Township Business Association. Daniel is past President of the Washington Township Breakfast Rotary Club and has been a Rotarian and Board member since 1992.

As Executive Director of Gloucester County Habitat for Humanity, I speak for the entire organization in welcoming the new board members. “Under their leadership and direction, we look forward to another successful year of building homes for deserving families.” Said Evelyn Leverett

About Gloucester County Habitat for Humanity

Gloucester County Habitat for Humanity is a non-profit ecumenical Christian Organization providing home-ownership opportunities for low income partner families. We offer A Hand Up…Not A Hand Out. GCHFH works with integrity to build communities that are founded on the conviction that all of God’s children deserve a decent and affordable place to live. To learn more about Gloucester County Habitat for Humanity or to make a donation, call (856) 256-9400 or visit www.gc-habitat.org

About Habitat for Humanity International

Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built 300,000 houses worldwide, providing simple, decent and affordable shelter for more than 1.5 million people. For more information, visit www.habitat.org.

Vito S. Pantilione, President and CEO

John F. Hawkins , Senior Vice President, CFO

(856) 256-2500

WASHINGTON TOWNSHIP, NJ, July 25, 2011 – Parke Bancorp, Inc. (“Parke Bancorp”) (NASDAQ: “PKBK”), the parent company of Parke Bank, announces its operating results for the quarter ended June 30, 2011.

Parke Bancorp reported net income available to common shareholders of $1.89 million, or $0.38 per diluted common share, for the June 30, 2011 quarter, compared to net income of $1.76 million, or $0.35 per diluted common share, reported for the quarter ended June 30, 2010, an increase of 8.2%. The following is a recap of significant items that impacted the second quarter of 2011 compared to the same quarter last year: a $527,000 increase in net interest income primarily attributable to a lower cost of deposits; a $223,000 increase in gain on sale of loans recorded by the Bank’s SBA joint venture, of which the Bank owns 51%; a $100,000 decrease in the loan loss provision; a $123,000 increase in salary expense attributable to annual increases and additional staffing: and increased other real estate owned (“OREO”) expenses and other loan related expenses of $163,000. Net income available to common shareholders year-to-date was $3.94 million or $0.79 per diluted common share, compared to $3.30 million, or $0.66 per diluted common share, reported for the six months ended June 30, 2010, an increase of 18.4%.

At June 30, 2011, Parke Bancorp’s total assets decreased to $745.5 million from $756.9 million at December 31, 2010, a decrease of $11.4 million or 1.5%. The decrease was largely due to a planned run-off of brokered deposits.

Parke Bancorp’s total loans increased to $630.3 million from $626.7 million at December 31, 2010, an increase of $3.6 million or 0.6%.

At June 30, 2011, Parke Bancorp had $34.6 million in non-performing loans representing 4.6% of total assets, an increase from $27.4 million at December 31, 2010. Loans past due 30 to 89 days were $3.3 million at June 30, 2011, a decrease of $12.5 million from December 31, 2010.

At June 30, 2011, Parke Bancorp’s allowance for loan losses was $16.5 million. The ratio of allowance for loan losses to total loans increased to 2.6% at June 30, 2011 from 2.4% at December 31, 2010. During the quarter Parke Bancorp charged-off $381,000 in loans, primarily due to estimated collateral deficiencies on impaired loans. The ratio of allowance for loan losses to non-performing loans was 47.8% at June 30, 2011, compared to 53.9% at December 31, 2010.

Parke Bancorp’s total investment securities decreased to $27.2 million from $29.7 million at December 31, 2010, a decrease of $2.5 million or 8.5%.

OREO at June 30, 2011 was $18.7 million, compared to $16.7 million at December 31, 2010. The real estate owned consisted of 14 properties, the largest being a condominium development valued at $11.7 million. This property was sold and financed by Parke Bank in 2010 but does not qualify for a sales treatment under Generally Accepted Accounting Principles (GAAP).

At June 30, 2011, Parke Bancorp’s total deposits decreased to $601.9 million from $604.7 million at December 31, 2010, a decrease of $2.8 million or 0.5%. The decrease was due to a planned run-off of brokered deposits.

Parke Bancorp’s total borrowings decreased to $64.1 million from $75.6 million at December 31, 2010, a decrease of $11.5 million or 15.2%.

Parke Bancorp’s total equity increased to $75.0 million at June 30, 2011 from $70.7 million at December 31, 2010, an increase of $4.3 million or 6.0%.

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp and Parke Bank, provided the following statement:

“Second quarter earnings remained strong, with an 8% increase over the 2nd quarter of 2010. We are also pleased that our net income for the first six months of 2011 increased more than 19% over the first six months in 2010. We are most proud that our shareholders received a return on equity of 13.61% for the first six months of 2011. I am concerned that the economic recovery is weak at best. Loan demand remains very soft with our loan payoffs equaling our new loan generation. The good news is that we have seen a substantial decline in loans past due 30 to 89 days, dropping $12.5 million from the previous quarter. Although this is very encouraging, I believe there are many challenges that remain in our loan portfolio. We maintained a very conservative position by adding an additional $2.1 million to our allowance for loan loss.”

“Community banks play a significant role in any economic recovery. The current regulatory environment is hampering lending that is needed to sustain the economic recovery. It is critical for the government to recognize that the overzealous regulations being implemented are hindering this recovery.”

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 and a branch in center city 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. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, 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.

Vito S. Pantilione, President and CEO

John F. Hawkins , Senior Vice President, CFO

(856) 256-2500

WASHINGTON TOWNSHIP, NJ, April 25, 2011 – Parke Bancorp, Inc. (“Parke Bancorp”) (NASDAQ: “PKBK”), the parent company of Parke Bank, announces its operating results for the quarter ended March 31, 2011.

Parke Bancorp reported net income available to common shareholders of $2.04 million, or $0.45 per diluted common share, for the March 31, 2011 quarter, compared to net income of $1.55 million or $0.35 per diluted common share for the prior year quarter, an increase of 32.2%. The following is a recap of significant items that impacted the first quarter of 2011 compared to the same quarter last year: a $660,000 increase in net interest income primarily attributable to a lower cost of deposits; a $2.1 million increase in gain on sale of loans recorded by the Bank’s fully consolidated SBA joint venture subsidiary; a $299,000 increase loan loss provision ; a $221,000 increase in salary expense attributable to annual increases and additional staffing: and increased other real estate owned (“OREO”) expenses and other loan related expenses of $350,000. The increase in gain on sale of loans is a result of a change in the SBA sales agreement; warranty language was removed from the sales agreement and Parke Bancorp is no longer required to defer the recognition of the gain for 90 days. The gain recorded represents loans sold during the quarter ended March 31, 2011 and previously deferred gains from the quarter ended December 31, 2010.

At March 31, 2011, Parke Bancorp’s total assets decreased to $725.4 million from $756.9 million at December 31, 2010, a decrease of $31.4 million or 4.2%. The decrease was largely due to a planned run-off of brokered deposits.

Parke Bancorp’s total loans decreased to $622.7 million from $626.7 million at December 31, 2010, a decrease of $4.0 million or 0.6%.

At March 31, 2011, Parke Bancorp had $29.7 million in non-performing loans representing 4.1% of total assets, an increase from $27.4 million at December 31, 2010. Loans past due 30 or more days and accruing were $15.2 million at March 31, 2011, a decrease of $646,000 from December 31, 2010.

At March 31, 2011, Parke Bancorp’s allowance for loan losses was $14.8 million. The ratio of allowance for loan losses to total loans increased to 2.38% at March 31, 2011 from 2.36% at December 31, 2010. During the quarter Parke Bancorp charged-off $2.4 million in loans, primarily due to estimated collateral deficiencies on impaired loans. The ratio of allowance for loan losses to non-performing loans was 49.8% at March 31, 2011, compared to 53.9% at December 31, 2010.

Parke Bancorp’s total investment securities decreased to $28.2 million from $29.7 million at December 31, 2010, a decrease of $1.5 million or 5.2%.

OREO at March 31, 2011 was $16.0 million, compared to $16.7 million at December 31, 2010. The real estate owned consisted of 10 properties, the largest being a condominium development at $9.7 million. This property was sold in 2010 but does not qualify for a sales treatment under Generally Accepted Accounting Principles (GAAP).

At March 31, 2011, Parke Bancorp’s total deposits decreased to $584.5 million from $604.7 million at December 31, 2010, a decrease of $20.3 million or 3.3%. The decrease was due to a planned run-off of brokered deposits.

Parke Bancorp’s total borrowings decreased to $64.1 million from $75.6 million at December 31, 2010, a decrease of $11.5 million or 15.2%.

Parke Bancorp’s total equity increased to $72.7 million at March 31, 2011 from $70.7 million at December 31, 2010, an increase of $2.0 million or 2.8%.

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp and Parke Bank, provided the following statement:

“We are disappointed that the market has remained soft causing weak loan demand, with our loan portfolio remaining relatively flat from 2010 yearend. Although our assets have decreased due to the runoff of $20,000,000 in brokered deposits, we are proud to report a 32% increase in Net Income to $2,043,000, which is $.45 per share. There continues to be challenges in our loan portfolio due to the weak real estate market. Therefore, we increased our provision for loan losses to $2,400,000 for the quarter. Our SBA joint venture, 44 Business Capital, had a very strong quarter, making a significant contribution to our revenues. The increase in our net income supported a return on average equity of 14.37%, providing an excellent return to our shareholders. The continued increase in regulations and regulatory pressure on community banks, combined with a very sluggish economic recovery supports concern for the banking industry in 2011. However, we are confident that our focus on controlling costs, a strong net interest margin and the revenues generated by our SBA joint venture will support the continued strong performance of 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 and a branch in center city 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. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, 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.

Vito S. Pantilione, President and CEO

John F. Hawkins , Senior Vice President, CFO

(856) 256-2500

WASHINGTON TOWNSHIP, NJ, February 4, 2011 – Parke Bancorp, Inc. (“Parke Bancorp”) (NASDAQ: “PKBK”), the parent company of Parke Bank, announces its operating results for the quarter and year ended December 31, 2010.

Parke Bancorp reported net income available to common shareholders of $1.47 million, or $0.33 per diluted common share, for the December 31, 2010 quarter, compared to net income of $1.45 million or $0.33 per diluted common share reported for the quarter ended December 31, 2009, an increase of 1.0%. Net income available to common shareholders for the year was $6.4 million or $1.41 per diluted common share, compared to $5.2 million or $1.17 per diluted common share reported for the year ended December 31, 2009, an increase of 22.1%.The following is a recap of significant items that impacted the fourth quarter of 2010 compared to the same quarter last year: increased loan loss provision ($500,000), increased salary expense attributable to annual increases and the formation of our SBA joint venture ($461,000), and increased other real estate owned (“OREO”) expenses ($278,000).

At December 31, 2010, Parke Bancorp’s total assets increased to $758.4 million from $654.2 million at December 31, 2009, an increase of $104.2 million or 15.9%. The increase was largely due to an effective deposit promotion and an opening of a new retail branch location in Galloway Township, NJ. Cash and due from banks increased to $57.6 million from $4.1 million at December 31, 2009, an increase of $53.5 million. Parke Bancorp will utilize the cash to pay off maturing brokered CDs and fund future loan growth.

Parke Bancorp’s total loans increased to $626.7 million from $603.4 million at December 31, 2009, an increase of $23.3 million or 3.9%. The change reflects an increase in commercial loans of $11.0 million, residential mortgage loans of $9.6 million and consumer loans of $2.7 million.

At December 31, 2010, Parke Bancorp had $27.4 million in non-performing loans or 3.6% of total assets, an increase from $25.5 million at December 31, 2009. The three largest relationships in non-performing loans are a $6.1 million residential loan, a $3.2 million residential construction loan, and a $2.4 million residential construction loan. Loans past due 30 to 89 days were $15.8 million at December 31, 2010, an increase of $8.5 million from December 31, 2009.

At December 31, 2010, Parke Bancorp’s allowance for loan losses increased to $14.8 million from $12.4 million at December 31, 2009, an increase of $2.4 million or 19.2%. The ratio of allowance for loan losses to total loans increased to 2.36% at December 31, 2010 from 2.06% at December 31, 2009. During the quarter Parke Bancorp charged-off $1.2 million in loans, primarily due to estimated collateral deficiencies on impaired loans.

Parke Bancorp’s total investment securities decreased to $29.7 million from $31.9 million at December 31, 2009, a decrease of $2.2 million or 6.9%.

OREO at December 31, 2010 was $16.7 million, compared to none at December 31, 2009. The real estate owned consisted of 12 properties, the largest being a condominium development at $7.9 million. This property was sold in 2010 but does not qualify for a sales treatment under Generally Accepted Accounting Principles (GAAP).

At December 31, 2010, Parke Bancorp’s total deposits increased to $604.7 million from $520.3 million at December 31, 2009, an increase of $84.4 million or 16.2%, consisting of increases in certificate of deposits of $44.2 million, money market accounts of $11.0 million, savings accounts of $25.1 million and checking accounts of $4.1 million resulting from successful promotions and the opening on our new branch in the 2nd quarter of 2010.

Parke Bancorp’s total borrowings increased to $77.1 million from $67.8 million at December 31, 2009, an increase of $9.3 million or 13.7%.

Parke Bancorp’s total equity increased to $70.7 million at December 31, 2010 from $62.0 million at December 31, 2009, an increase of $8.7 million or 14.1%.

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp and Parke Bank, provided the following statement:

“We are proud to report record earnings for 2010. Net Income increased over 20% for the year compared to 2009. Our bank’s assets and deposits grew 16% compared to 2009 and although the economy and the real estate market continue to be sluggish, our loan portfolio grew nearly 4%. We opened a new full service branch in Galloway Township, NJ in April, which has already made a major contribution to our retail deposit growth. I am also happy to report that our new SBA Company, 44 Business Capital, generated substantial profits in its first full year of operation.

The banking regulatory environment continues to be very difficult with many new regulations and restrictions being passed, which has caused a substantial increase in costs for community banks. We continue to have many challenges in our loan portfolio, which we are working aggressively to resolve. During these difficult times we have increased our allowance for loan losses to 2.36% of our loan portfolio, maintaining a very conservative position. 2010 was a very difficult year for the economy and the banking industry, but thanks to the hard work of our staff and the quality of our customers we generated a return on equity for our shareholders in excess of 12%.”

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 and a branch in center city 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. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, 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.

Vito S. Pantilione, President and CEO

John F. Hawkins , Senior Vice President, CFO

(856) 256-2500

WASHINGTON TOWNSHIP, NJ, October 25, 2010 – Parke Bancorp, Inc. (“Parke Bancorp”) (NASDAQ: “PKBK”), the parent company of Parke Bank, announces its operating results for the quarter ended September 30, 2010.

Parke Bancorp reported net income available to common shareholders of $1.58 million, or $0.35 per diluted common share, for the September 30, 2010 quarter, compared to net income of $1.45 million or $0.32 per diluted common share reported for the quarter ended September 30, 2009, an increase of 9.0%. Net income available to common shareholders year-to-date was $4.9 million or $1.09 per diluted common share, compared to $3.7 million or $0.85 per diluted common share reported for the nine months ended September 30, 2009, an increase of 30.3%.The following is a recap of significant items that impacted the third quarter of 2010 compared to the same quarter last year: increased loan loss provision ($650,000), a charge related to the funding of a letter of credit due to a borrower’s nonperformance ($618,000), increased salary expense attributable to annual increases and the formation of our SBA joint venture ($210,000), and increased professional fees ($111,000). Last year’s quarter was negatively impacted by the write-down of investment securities totaling $1.1 million.

At September 30, 2010, Parke Bancorp’s total assets increased to $742.9 million from $654.2 million at December 31, 2009, an increase of $88.7 million or 13.6%. The increase was largely due to an effective deposit promotion and an opening of a new retail branch location in Galloway Township, NJ. Cash and due from banks increased to $51.2 million from $4.1 million at December 31, 2009, an increase of $47.1 million. The Company will utilize the cash to pay off maturing brokered CDs maturing in the 4th quarter and fund future loan growth.

Parke Bancorp’s total loans increased to $633.7 million from $603.4 million at December 31, 2009, an increase of $30.3 million or 5.0%. The change reflects an increase in commercial loans of $21.2 million, residential mortgage loans of $7.1 million and consumer loans of $2.0 million.

At September 30, 2010, the Company had $23.3 million in non-performing loans or 3.1% of total assets, a decrease from $25.5 million at December 31, 2009. The three largest relationships in non-performing loans are a $6.1 million residential loan, a $3.2 million residential construction loan, and a $2.3 million residential construction loan. Loans past due 30 to 89 days were $6.9 million at September 30, 2010, a decrease of $400,000 from December 31, 2009.

At September 30, 2010, Parke Bancorp’s allowance for loan losses increased to $13.4 million from $12.4 million at December 31, 2009, an increase of $1.0 million or 8.3%. The ratio of allowance for loan losses to total loans increased to 2.12% at September 30, 2010 from 2.06% at December 31, 2009. During the quarter the Company charged-off $3.6 million in loans, primarily due to estimated collateral deficiencies on impaired loans. The Company had previously established $2.8 million in specific reserves on these loans.

Parke Bancorp’s total investment securities decreased to $29.9 million from $31.9 million at December 31, 2009, a decrease of $2.0 million or 6.4%.

Other Real Estate Owned (“OREO”) at September 30, 2010 was $7.8 million, compared to none at December 31, 2009. The real estate owned consisted of 9 properties, the largest being a country club totaling $2.5 million.

At September 30, 2010, Parke Bancorp’s total deposits increased to $599.3 million from $520.3 million at December 31, 2009, an increase of $79.0 million or 15.2%, consisting of increases in certificate of deposits of $51.7 million, money market accounts of $8.1 million, savings accounts of $14.6 million and checking accounts of $4.6 million resulting from successful promotions and the opening on our new branch in the 2nd quarter of 2009.

Parke Bancorp’s total borrowings increased to $69.5 million from $67.8 million at December 31, 2009, an increase of $1.7 million or 2.5%.

Parke Bancorp’s total equity increased to $68.8 million at September 30, 2010 from $62.0 million at December 31, 2009, an increase of $6.8 million or 11.1%.

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp and Parke Bank, provided the following statement:

“The sputtering economic recovery continues to create many challenges in the real estate and banking industries. The residential housing sector continues to be the hardest hit in the country and the region. New construction and existing home sales hover at record lows, with additional pressure on the industry created by the recent moratorium on residential foreclosures by the big banks. The threat of Congress to stop all foreclosures could push an already shaky economy back into a recession.

The banking industry’s earnings and capital have also been impacted by the dramatic increase in banking regulations and the examination process. The regulatory environment has made it very difficult for the banking industry to provide needed credit to the business community. The cost to community banks to comply with all of these new regulations and restrictions is staggering, which further hurts earnings and capital.

These many obstacles are formidable; however, we continue to generate very strong core earnings with a 9% increase in quarterly net income from the third quarter of 2009. We continue to carefully monitor our loan portfolio and have recorded a loan loss provision of $2.1 million in the third quarter based on an analysis of our portfolio and our best estimates of inherent losses. Although we have seen increased activity in real estate sales, the uncertainty in the political landscape continues to adversely impact a strong recovery.”

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 and a branch in center city 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. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, 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.

Patricia Quigley (856) 256-4241

(856) 256-2500

Anthony J. Jannetti, president and CEO of Pitman-based Anthony J. Jannetti, Inc., has contributed $50,000 to the Rowan University Foundation to establish an endowment to fund scholarships for students in the University’s RN-to-BSN program.

Jannetti’s is the first-ever gift to support that program and the first endowment for any program that is a part of Rowan’s College of Graduate and Continuing Education, home of the RN-to-BSN program.

The A.J. Jannetti/Marriott Nursing Endowment Scholarship Fund — named in part for Marriott International, which contributes to a scholarship fund in Jannetti’s name — will provide financial assistance for one or more nurses a year who need monetary support to complete the program as they seek to advance their careers. Jannetti works closely on scholarship activities with Marriott Vice President and Market General Manager Michael Stengel, who also is a Rowan alumnus.

“We are in the nursing education business. All the work we do focuses on the continuing education of the nursing profession. Because of that and the success of our company, we feel a need to give back. We have donated, during the last 38 years, more than $1.1 million in nursing scholarships. We do this nationally and through affiliations with our clients,” said Jannetti. “We decided we should do something locally. We have about five Rowan alumni in this company, and we expect the Rowan program is going to be outstanding for the nursing profession. We’re excited about it and pleased to start this endowment.”

Founded by Rowan in conjunction with the University of Medicine and Dentistry (UMDNJ) the RN-to-BSN program is designed for registered nurses with an associate’s or diploma degree who want to complete their bachelor’s degree and possibly go further with their education. About 125 nurses are enrolled in the program and attend classes at Virtua healthcare system and Shore Memorial Hospital, and 75 have enrolled in a program starting this fall at Underwood Memorial Hospital.

Another 100 nurses are enrolled in the program and take classes at Rowan, UMDNJ and online. The program focuses primarily on undergraduate studies, offering two graduate-level classes that provide a steppingstone for nurses who want to pursue a master’s degree in their field. Classes held at UMDNJ are geared to graduate, doctoral and second-career nursing students. A part-time offering that can be completed in as little as 20 months (121 credits), the RN-to-BSN program allows students to stay in their professional positions while attending classes.

“This endowment provides wonderful opportunities for nurses working toward their BSN,” said program director Virginia Wilson, MSN, RN, NEA-BC, NE-BC, PhDc. “We are grateful to Mr. Jannetti and his organization. We appreciate his generosity and his recognition that nurses completing their BSN better their own careers and also impact the health care of everyone in South Jersey.”

Founded in 1972, Anthony J. Jannetti, Inc. is a full-service association management, marketing and publishing company serving the health care industry and specialty nursing associations. With a staff of more than 70, the firm is accredited as an association management company by the Association Management Company Institute and manages such organizations as the Academy of Medical-Surgical Nurses, American Nephrology Nurses’ Association and Medical-Surgical Nursing Certification Board. The company also produces nursing journals and publications, such as Dermatology Nursing, Pediatric Nursing, Nursing Economic$, Nephrology Nursing, Urologic Nursing and MEDSURG Nursing.