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) January 21, 2020
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 |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class |
Trading Symbol(s) |
Name of Each Exchange on Which Registered | ||
| Common Stock, Par Value $0.10 per share |
PKBK | The Nasdaq Stock Market, LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
PARKE BANCORP, INC.
INFORMATION TO BE INCLUDED IN REPORT
Section 5 – Corporate Governance and Management
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 21, 2020, the Board of Directors appointed of Ralph Gallo, age 62, to Executive Vice President and Chief Operating Officer. On that same date John F. Hawkins, age 65, Senior Vice President and Chief Financial Officer, was appointed Executive Vice President and Chief Financial Officer.
Mr. Gallo joined the Company in 2010 as Vice President. In 2016, he was appointed Senior Vice President and Chief Workout Officer responsible for the management of the Company’s foreclosed assets and nonperforming loan portfolio. He has over thirty-five years of banking experience primarily in banking operations and customer relationship management. As a Vice President at Mellon Bank, he managed Lockbox, Research & Adjustments and International Operations supporting commercial banking customers. As a Vice President at Image Remit, he managed a private label multi-state lockbox operation supporting regional banks in the Northeast US.
Mr. Hawkins joined the Company in 2008 as Controller. In March 2010, he was appointed Senior Vice President and Chief Financial Officer. Prior to joining the Company, he was Controller for Susquehanna Bank DV, headquartered in Camden from 2006 to 2008. Mr. Hawkins was Senior Vice President/Investment Officer at Minotola National Bank from 1993 to 2006. Mr. Hawkins has over 28 years’ experience in banking with a career focus on asset and liability management, planning, analytics and financial reporting.
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: May 14, 2020 |
By: |
/s/ John F. Hawkins | ||
| John F. Hawkins Executive Vice President and Chief Financial Officer (Duly Authorized Representative) | ||||