Overview / Commentary
601 Delsea Drive
Sewell, NJ 08080

Parke Bank is headquartered in Sewell and is the 21st largest bank in the state of New Jersey. It is also the 560th largest bank in the nation. It was established in 1999 and as of December of 2018, it had grown to 93 employees at 8 locations. Parke Bank's CD rates are 22% higher than the national average, and it boasts an A+ health rating.

Related Posts

13 Month CD With 3.10% APY - 2/4/2019

$500 minimum deposit, must be new money. Advertised in the Philadelphia Sunday Inquirer.

ParkeBank (NJ/PA) Adds 13-Month CD Special - 5/17/2018

ParkeBank (NJ/southeast PA) has added a limited-time 13-month CD, earning 2.50% APY. Minimum deposit is $500 of new money, with no stated balance cap.

13 Month CD At 2.50% APY - 5/16/2018

Per Philadelphia Inquirer ad in May 13th newspaper, page A8. Minimum deposit of $500 required. Offer valid for new deposits only. I was unable to locate the offer on the ParkeBank website.

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Reviews (1)

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.


Health Grade Components

FDIC Certificate #34888
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2%
Return on Equity - YTD16.37%
Annual Interest Income$61.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.47B$1.14B
LoansQ4 2018vs Q4 2017$1.22B$996.7MM
DepositsQ4 2018vs Q4 2017$1.19B$868.0MM
Equity CapitalQ4 2018vs Q4 2017$166.0MM$147.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$19.1MM$16.5MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$3.1MM$4.5MM
Real Estate OwnedQ4 2018vs Q4 2017$5.1MM$7.2MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

13 Month CD With 3.10% APY

edinperk   |  
$500 minimum deposit, must be new money. Advertised in the Philadelphia Sunday Inquirer.

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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

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

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

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

Parke Bank CD Rates

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

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
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
Spruce Street Branch1610 Spruce StreetPhiladelphia, PA 19103
Arch Street Branch1032 Arch StreetPhiladelphia, PA 19107

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