Parke Bank is headquartered in Sewell and is the 25th largest bank in the state of New Jersey. It is also the 658th largest bank in the nation. It was established in 1999 and as of March of 2018, it had grown to 81 employees at 8 locations. Parke Bank has an A+ 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.
|FDIC Certificate #||34888|
|Return on Assets - YTD||2.06%|
|Return on Equity - YTD||15.88%|
|Annual Interest Income||$13.5MM|
|Assets and Liabilities|
|Assets||Q1 2018vs Q1 2017||$1.17B$1.02B|
|Loans||Q1 2018vs Q1 2017||$1.03B$871.2MM|
|Deposits||Q1 2018vs Q1 2017||$903.9MM$788.3MM|
|Equity Capital||Q1 2018vs Q1 2017||$151.5MM$142.4MM|
|Loan Loss Allowance||Q1 2018vs Q1 2017||$17.1MM$15.5MM|
|Unbacked Noncurrent Loans||Q1 2018vs Q1 2017||$4.2MM$10.4MM|
|Real Estate Owned||Q1 2018vs Q1 2017||$6.8MM$9.8MM|
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Rates for Parke Bank are currently being reviewed.
|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|