Parke Bancorp appoints Jonathan D. Hill as CFO, to implement change-in-control severance

PARKE BANCORP, INC.

Hill, 44, named Senior VP and CFO effective Nov 29, 2023; over 20 years experience.
Earlier roles: Republic Bank Interim CFO, M&T Bank SVP Finance, Glenmede VP.
After 90 days, company intends change-in-control severance agreement with Hill.
Severance: 1.5x avg salary & cash incentive over 3 years; 18 months insurance premium.
One-year non-compete and non-solicitation after change-in-control termination.

item 5.02

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Appointed

Jonathan D. Hill

Senior Vice President and Chief Financial Officer

PKBK · PARKE BANCORP, INC.

Effective: 2023-11-29
Filed: November 30, 2023, 6:59 PM ET

On November 29, 2023, the Board of Directors of Parke Bancorp, Inc. (the “Company”) appointed Jonathan D. Hill, age 44, as Senior Vice President and Chief Financial Officer of the Company.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan D. Hill was appointed as Senior Vice President and Chief Financial Officer at PARKE BANCORP, INC..

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On November 29, 2023, the Board of Directors of Parke Bancorp, Inc. (the “Company”) appointed Jonathan D. Hill, age 44, as Senior Vice President and Chief Financial Officer of the Company.

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Source: SEC EDGAR

accession 0001315399-23-000081

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