secwatch.observer — SEC 8-K summary
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Issuer:     PARKE BANCORP, INC. (PKBK)
CIK:        0001315399
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001315399-24-000060
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315399/000131539924000060/0001315399-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315399/000131539924000060/pkbk-20240802.htm
  HTML page:      https://secwatch.observer/filing/0001315399-24-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer