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Stock impact report

Parke Bancorp, Inc. Announces 10% Stock Dividend

Parke Bancorp, Inc. (PKBK) 
US:NASDAQ Investor Relations: parkebank.com/about-parke-bank
Company Research Source: PR Newswire
WASHINGTON TOWNSHIP, N.J., Feb. 3, 2020 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (Nasdaq: "PKBK"), the bank holding company of Parke Bank, today announced that the Company's Board of Directors had declared a 10% stock dividend.  The stock dividend is payable on March 3, 2020, to stockholders of record as of February 18, 2020.Vito S. Pantilione, President of the Company, stated that the Board of Directors "was pleased to declare this dividend as another method to increase shareholder value in the Company.  As a result of the Board's action today, the outstanding shares of the Company's common stock will increase by approximately 1,077,206 shares, from 10,772,057 shares outstanding to 11,849,263 shares outstanding."Parke Bancorp, Inc. is the holding company for Parke Bank, which operates from its corporate headquarters in Washington Township, New Jersey and 6 branch offices in Washington Township, New Jersey, Northfield, New Jersey, Galloway Township, New Jersey, Collingswood Show less Read more
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