Parke Bancorp authorizes repurchase of up to 5% of common stock over 12 months

PARKE BANCORP, INC.

Board approved repurchase of up to 5% of common stock over twelve months, effective August 2, 2024.
Open market purchases subject to SEC Rule 10b-18 and other price, volume, and timing constraints.
President/CEO Vito Pantilione says stock is attractive at current prices; buyback enhances shareholder value.
Repurchase timing and number of shares depend on price, corporate/regulatory requirements, and market conditions.

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