Parke Bank is headquartered in Sewell and is the 22nd largest bank in the state of New Jersey. It is also the 540th largest bank in the nation. It was established in 1999 and as of June of 2019, it had grown to 96 employees at 8 locations. Parke Bank's CD rates are 22% higher than the national average, and it has an A health rating.
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I Have Been A Customer For 6 Years As A Borrower And Depositor - Excellent Bank
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.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34888 |
| Year Established | 1999 |
| Employees | 96 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.96% |
| Return on Equity - YTD | 17.38% |
| Annual Interest Income | $38.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $1.55B$1.29B |
| Loans | Q2 2019vs Q2 2018 | $1.29B$1.09B |
| Deposits | Q2 2019vs Q2 2018 | $1.25B$1.02B |
| Equity Capital | Q2 2019vs Q2 2018 | $178.1MM$156.0MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $20.3MM$17.3MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $8.5MM$3.2MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $4.2MM$6.2MM |
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 | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $500 | - | 60 Month CD | |
| 1.60% | $500 | - | 48 Month CD | |
| 1.55% | $500 | - | 36 Month CD | |
| 1.50% | $500 | - | 24 Month CD | |
| 1.20% | $500 | - | 18 Month CD | |
| 1.10% | $500 | - | 12 Month CD | |
| 0.75% | $500 | - | 6 Month CD |
Parke Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $500 | - | 60 Month IRA | |
| 1.60% | $500 | - | 48 Month IRA | |
| 1.55% | $500 | - | 36 Month IRA | |
| 1.50% | $500 | - | 24 Month IRA | |
| 1.20% | $500 | - | 18 Month IRA | |
| 1.10% | $500 | - | 12 Month IRA | |
| 0.75% | $500 | - | 6 Month IRA |
| Parke Bank Locations | ||
|---|---|---|
| Spruce Street Branch | 1610 Spruce Street | Philadelphia, PA 19103 |
| 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 |
| Arch Street Branch | 1032 Arch Street | Philadelphia, PA 19107 |