---
schema_version: "secwatch.filing_event.v1"
accession: "0001315399-23-000081"
form_type: "8-K"
ticker: "PKBK"
cik: "0001315399"
company_name: "PARKE BANCORP, INC."
filed_at: "2023-11-30T23:59:59+00:00"
generated_at: "2026-06-07T19:48:09.207261+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001315399-23-000081
- form_type: 8-K
- ticker: PKBK
- cik: 0001315399
- company_name: PARKE BANCORP, INC.
- filed_at: 2023-11-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000081/0001315399-23-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000081/pkbk-20231129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315399-23-000081
- JSON: https://secwatch.observer/filing/0001315399-23-000081.json
- Plain text: https://secwatch.observer/filing/0001315399-23-000081.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000081/0001315399-23-000081-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.