Parke Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.15%	2-year CD	2.80% - Capital One 24 Month 360 CD
0.95%	18-month CD	2.75% - Synchrony Bank 18 Month CD
1.80%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD

View all Parke Bank rates »

Overview / Commentary

www.parkebank.com

856-256-2500

601 Delsea Drive
Sewell, NJ 08080

Parke Bank is headquartered in Sewell and is the 22^nd largest bank in the state of New Jersey. It is also the 594^th largest bank in the nation. It was established in 1999 and as of September of 2018, it had grown to 94 employees at 8 locations. Parke Bank has an A+ health rating.

5/9/11 - Competitive CD Rates at Parke Bank in New Jersey & Pennsylvania - Local Only
8/30/10 - Special 11-Mo & 18-Mo Cds At Parke Bank In PA & NJ
6/8/10 - Special 11-Month CD and IRA CD Rate at Parke Bank in PA & NJ - Local Only
12/2/09 - 2.00% 15-Month CD and CD IRA at Parke Bank in NJ & PA - Local Only
8/20/09 - 2.15% 15-Month CD and CD IRA at Parke Bank in NJ & PA - Local Only
6/5/07 - 5.25% Money Market Account at Parke Bank in Philadelphia

Reviews (1)

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

Posted by: rdiamond | Nov 20, 2012

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.

Comment

6

Health

A+

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	34888
Year Established	1999
Employees	94
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	2%
Return on Equity - YTD	16.08%
Annual Interest Income	$44.4MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$1.34B$1.10B
Loans	Q3 2018vs Q3 2017	$1.16B$938.9MM
Deposits	Q3 2018vs Q3 2017	$1.07B$845.1MM
Equity Capital	Q3 2018vs Q3 2017	$160.4MM$148.0MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$17.9MM$15.8MM
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$3.1MM$5.7MM
Real Estate Owned	Q3 2018vs Q3 2017	$5.0MM$7.5MM

Rates

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Money Market
Checking
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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$50k^*	-	Platinum Now
OTHER TIERS: 0.30% → $1k - $10k \| 0.35% → $10k - $50k
0.35%	-	-	Parke 55 Plus

Parke Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.80%	$500	-	60 Month CD
1.40%	$500	-	48 Month CD
1.30%	$500	-	36 Month CD
1.15%	$500	-	24 Month CD
0.95%	$500	-	18 Month CD
0.85%	$500	-	12 Month CD
0.40%	$500	-	6 Month CD

Parke Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.80%	$500	-	60 Month IRA
1.40%	$500	-	48 Month IRA
1.30%	$500	-	36 Month IRA
1.15%	$500	-	24 Month IRA
0.95%	$500	-	18 Month IRA
0.85%	$500	-	12 Month IRA
0.40%	$500	-	6 Month IRA

Locations

Parke Bank Locations
Northfield Office Branch	501 Tilton Road	Northfield, NJ 08225
Washington Township Branch	567 Egg Harbor Road At Hurffville Cross Keys Road	Sewell, NJ 08080
Parke Bank	601 Delsea Drive	Sewell, NJ 08080
Galloway Branch	67 E Jimmie Leeds Rd	Galloway, NJ 08205
Collingswood Branch	1150 Haddon Avenue	Collingswood, NJ 08108
Spruce Street Branch	1610 Spruce Street	Philadelphia, PA 19103
Arch Street Branch	1032 Arch Street	Philadelphia, PA 19107

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