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EX-99.1 - PRESS RELEASE DATED APRIL 17, 2018 - PARKE BANCORP, INC.ex99-1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


 
Date of Report (Date of earliest event reported)
April 17, 2018
 


PARKE BANCORP, INC.
(Exact name of registrant as specified in its charter)


New Jersey
0-51338
65-1241959
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)


601 Delsea Drive, Washington Township, New Jersey
08080
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code:  (856) 256-2500

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ] Written communications pursuant to Rule 425 under the Securities Act
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[  ] Pre-commencement to communications pursuant to Rule 13e-4(c) under the Exchange Act

PARKE BANCORP, INC.

INFORMATION TO BE INCLUDED IN THE REPORT

Section 8 – Other Events

Item 8.01  Other Events.

On April 17, 2018, the Board of Directors of the Registrant declared an 11 for 10 stock split payable to shareholders of record as of May 5, 2018, and to be paid on May 18, 2018.  The Registrant also announced that the Board of Directors had approved an increase in its quarterly cash dividend from $0.12 per share to $0.14 per share effective with the dividend to be paid in July.  A copy of the press release issued by the Registrant is attached as Exhibit 99.1 hereto and is incorporated herein by reference.


Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:









SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.


   
PARKE BANCORP, INC.
 
 

Date: April 17, 2018
 
By: 
/s/ John F. Hawkins
     
John F. Hawkins
Senior Vice President and
Chief Financial Officer
(Duly Authorized Representative)