Parke Bancorp, Inc. Extends Stock Repurchase Program

SEC Filing 8-K (0001437749-25-024336)

Parke Bancorp, Inc. (NASDAQ: PKBK) announced on August 1, 2025, that its Board of Directors has approved a six-month extension of the stock repurchase program originally announced on August 2, 2024. The program, which allows for the repurchase of up to 5% of the Company’s outstanding common stock, was initially set to expire on August 2, 2025, but will now remain in effect until February 2, 2026, unless the 5% threshold is reached sooner. The repurchases will be conducted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934 and are subject to various regulatory and market conditions. The Company’s common stock is traded on the NASDAQ Capital Market under the symbol 'PKBK'.