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

PARKE BANCORP, INC.

Board approved repurchase program for up to 5% of common stock within next twelve months.
Purchases will be in open market under SEC Rule 10b-18; timing depends on price and conditions.
Repurchase authorization may be completed earlier or extended; no minimum repurchase obligation.
Company had approximately 11.5M shares outstanding; 5% equates to ~575,000 shares (based on last filing).
Program signals management confidence; funded from existing cash and capital.

item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001437749-26-018179
form_type: 8-K
ticker: PKBK
cik: 0001315399
company_name: PARKE BANCORP, INC.
filed_at: 2026-05-22T12:31:26+00:00
discovered_at: 2026-05-22T12:35:00.510133+00:00
generated_at: 2026-05-22T12:39:11.573016+00:00
sec_items: ["8.01", "9.01"]
event_type: other_material
sentiment: positive
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001437749-26-018179
json_url: https://secwatch.observer/filing/0001437749-26-018179.json
markdown_url: https://secwatch.observer/filing/0001437749-26-018179.md
text_url: https://secwatch.observer/filing/0001437749-26-018179.txt
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review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

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