Parke Bancorp

Parke Bancorp

Parke Bancorp was founded in 1998 as a single-bank holding company for Parke Bank, chartered in Sewell, New Jersey. President and CEO Vito S. Pantilione led the founding and remains the firm's defining operator, steering strategy from the Washington Township headquarters. Unlike most family offices, Parke is a publicly-traded commercial bank (NASDAQ: PKBK) — a structure that subjects its loan book to quarterly disclosure but also provides permanent equity capital. The bank's revenue engine is commercial real estate lending, with a loan portfolio concentrated in New Jersey and eastern Pennsylvania. Asset classes include multifamily, retail, office, and construction loans, often to small and mid-sized developers in the Philadelphia metro area. Parke also runs a modest residential mortgage operation and a deposit-gathering retail branch network across southern New Jersey. Its funding profile is traditional: core deposits fund loans, with net interest margin driving profitability. No venture capital, no direct tech investments — it is a pure-play community bank. The firm operates 6 retail branches and reported approximately $2.0 billion in total assets as of year-end 2023 (per public filings). In September 2023, the bank completed a $15 million stock repurchase program — a capital-return signal typical of mature regional lenders. John S. Kaufman, Senior Vice President, is the second named executive in public filings, reflecting a lean senior management layer. No separate family office or philanthropic vehicle is disclosed in regulatory records. Parke Bancorp's structural distinction is its public-company chassis wrapped around what functions like a private commercial lender. Deposit insurance, quarterly SEC filings, and a traded stock create a permanent capital base — giving the management team staying power through real estate cycles that private lenders often lack. The Pantilione-led board exercises tight control (insiders own a meaningful minority of shares), making the governance closer to a publicly-listed family partnership than a typical bank.