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 Market Intelligence. The scorecard provided information based on year-end 2019 and used metrics to assess performance including profitability, asset quality and capital adequacy. The data divided banks into three asset categories: $50 billion and above, $5 billion to $50 billion and $1 billion to $5 billion. Of the banks in the report, Parke Bank’s overall performance ranking was 11th in the nation in addition to being ranked 8th, in its peer group, among banks with assets totaling $1 billion to $5 billion.
Parke Bank is proud and honored to receive this recognition.