In The Community
Parke Bank Named Among Top Performing Banks in the Nation
Bank Director Magazine recently published the 2020 Bank Performance Scorecard ranking Parke Bancorp, the holding company of Parke Bank, one of the top performing community banks in the nation. The 2020 Bank Performance Scorecard used data gathered from S&P Global...
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...
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...
Supporting those Most Susceptible within Our Community
The need of our community members is our top priority. In response to a medical shortage, Parke Bank was able to secure and donate a supply of masks to a South Jersey assisted living care facility. The masks will be shared among healthcare workers in a continuation...
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The Federal Deposit Insurance Corporation (FDIC) has permanently increased deposit insurance on all accounts to $250,000 per depositor.
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