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Parke Bank


Overview / Commentary
www.parkebank.com
856-256-2500
601 Delsea Drive
Sewell, NJ 08080

Parke Bank is headquartered in Sewell and is the 19th largest bank in the state of New Jersey. It is also the 506th largest bank in the nation. It was established in 1999 and as of June of 2020, it had grown to 94 employees at 8 locations. Parke Bank's CD rates are 12% higher than the national average, and it has an A health rating.

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Reviews (1)

I Have Been A Customer For 6 Years As A Borrower And Depositor - Excellent Bank

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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.

7


Health
A

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34888
Year Established1999
Employees94
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.56%
Return on Equity - YTD14.39%
Annual Interest Income$42.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.94B$1.55B
LoansQ2 2020vs Q2 2019$1.52B$1.29B
DepositsQ2 2020vs Q2 2019$1.51B$1.25B
Equity CapitalQ2 2020vs Q2 2019$200.9MM$178.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$25.2MM$20.3MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$8.7MM$8.5MM
Real Estate OwnedQ2 2020vs Q2 2019$3.8MM$4.2MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Parke Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Parke Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$100-Passbook Savings
0.45%$100-Statement Savings
0.45%--Holiday Club
0.45%$500-Business Statement Savings

Parke Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$2.5k*-Money Market
OTHER TIERS: 0.30% → $1k - $2.5k
0.35%*$10k*-Business Money Market
OTHER TIERS: 0.30% → $2.5k - $10k

Parke Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$50k*- Platinum Now
OTHER TIERS: 0.30% → $1k - $10k | 0.35% → $10k - $50k
0.35%--Parke 55 Plus

Parke Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.34%$500-60 Month CD
1.26%$500-48 Month CD
1.21%$500-36 Month CD
1.16%$500-24 Month CD
1.11%$500-18 Month CD
1.01%$500-12 Month CD
0.75%$500-6 Month CD

Parke Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.34%$500-60 Month IRA
1.26%$500-48 Month IRA
1.21%$500-36 Month IRA
1.16%$500-24 Month IRA
1.11%$500-18 Month IRA
1.01%$500-12 Month IRA
0.75%$500-6 Month IRA
Locations


Parke Bank Locations
Spruce Street Branch1610 Spruce StreetPhiladelphia, PA 19103
Northfield Office Branch501 Tilton RoadNorthfield, NJ 08225
Washington Township Branch567 Egg Harbor Road At Hurffville Cross Keys RoadSewell, NJ 08080
Parke Bank601 Delsea DriveSewell, NJ 08080
Galloway Branch67 E Jimmie Leeds RdGalloway, NJ 08205
Collingswood Branch1150 Haddon AvenueCollingswood, NJ 08108
Arch Street Branch1032 Arch StreetPhiladelphia, PA 19107

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.