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Regulation D Change Notification

The Federal Reserve Board announced on April 24, 2020 that it has amended Regulation D (Reg D) to permit banks to allow their customers to make more than six payments or withdrawals per month from their savings and money market accounts. This was done in part to give...

Regulation CC Change Notification

Effective July 1, 2020- Regulation CC Funds Availability thresholds have been adjusted for inflation and the amount of funds from a check deposit that we must make available next-business day has increased from $200 to $225. The threshold for check deposits requiring...

BSA Assistant II (Bank Secrecy Act Compliance)

Position: BSA Assistant II (Bank Secrecy Act Compliance) Department: Operations Branch Location: Sewell, NJ Reporting to: Compliance: BSA Officer Job Summary: Bank Secrecy Act (BSA) Compliance Assistant II will work under the direction of the BSA Officer to ensure...

Parke Bank Introduces Positive Pay

If your business relies on checks to pay vendors or employees, you should consider adding Parke Bank’s Positive Pay Service to protect your business from potential check fraud. Positive Pay is a service that allows easy detection of counterfeit and fraudulent checks...