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Parke Bancorp (PKBK) is a holding company that was created in 2005 for Parke Bank, a commercial bank with operations in South Jersey and the Philadelphia area. It is quite small, with a loan portfolio of $660mm, $611mm in deposits, 5 branches, a $20mm investment portfolio, and 61 full-time and 13 part-time employees as of the end of 2012.
The bank focuses on individuals and small businesses. Its commercial loan originations are targeted at small businesses with up to $25mm in annual sales. The bank provides...
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