Parke Bank is headquartered in SEWELL and is the 18th largest bank in the state of New Jersey. It is also the 580th largest bank in the nation. It was established in 1999 and as of March of 2023, it had grown to 109 employees at 8 locations. Parke Bank has a B+ health rating.
I have been with Parke Bank for six years. They are fabulous to deal with as a business owner. They call if there is an issue (like a check coming through with insuffient funds) so I can resolve it without incurring fees, they stay open late to wait for me if I am running over, they bend over backwards for customer service and when the recession hit and I had multiple projects with the bank as lender they stood behind me to help see the projects to completion. Vito Pantileone who is the CEO is a man of his word and combines common sense and banking (a miracle in this age) and is an old fashioned - handshake is his word - kind of guy. I may not get the cheapest rates but they are a bank that is reliable, has outstanding customer service and who I cannot recommend highly enough.
| Overall | |
|---|---|
| FDIC Certificate # | 34888 |
| Year Established | 1999 |
| Employees | 109 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.42% |
| Return on Equity - YTD | 15.34% |
| Annual Interest Income | $26.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $1.96B$2.05B |
| Loans | Q1 2023vs Q1 2022 | $1.73B$1.47B |
| Deposits | Q1 2023vs Q1 2022 | $1.47B$1.68B |
| Equity Capital | Q1 2023vs Q1 2022 | $315.2MM$282.5MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $31.5MM$30.0MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $16.1MM$3.9MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $1.7MM$0 |
Sorry, we do not have rate data for Parke Bank.
| Parke Bank Locations | ||
|---|---|---|
| Spruce Street Branch | 1610 Spruce Street | Philadelphia, PA 19103 |
| Northfield Office Branch | 501 Tilton Road | Northfield, NJ 08225 |
| Collingswood Branch | 1150 Haddon Avenue | Collingswood, NJ 08108 |
| Washington Township Branch | 567 Egg Harbor Road At Hurffville Cross Keys Road | Sewell, NJ 08080 |
| Parke Bank | 601 Delsea Dr | Sewell, NJ 08080 |
| Galloway Branch | 67 E Jimmie Leeds Rd | Galloway, NJ 08205 |
| Arch Street Branch | 1032 Arch Street | Philadelphia, PA 19107 |