Parke Bank Named One of the Top 10 Community Banks within Peer Group by Bank Director

Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) - is pleased to announce Parke Bank has been named to the Bank Director's RankingBanking Report: Small Players Dominate the Best Banks List as one of the Top 25 performing banks nationwide and held the 9th position within our peer group (less than $5 billion).

The RankingBanking Report is created by Piper Sandler & Co. using year-end 2023 data from S&P Global Market Intelligence. It evaluates the performance of public commercial and savings banks defined by S&P through four metrics: core return on average assets, core return on average equity, tangible common equity to tangible assets, and nonperforming assets to loans and other real estate owned. The banks are categorized based on assets into three groups: $50 billion and above, $5 billion to $50 billion, and Less Than $5 Billion.

Parke Bank is honored to receive this recognition and to be listed alongside the most respected banks in the country.

The Bank Director's list of Best U.S. Banks 2024 was announced on August 26, 2024 and can currently be viewed on the Bank Director website.