---
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"
generated_at: "2026-05-22T12:39:11.573016+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315399/000143774926018179/0001437749-26-018179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000143774926018179/pkbk20260520_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-018179
- JSON: https://secwatch.observer/filing/0001437749-26-018179.json
- Plain text: https://secwatch.observer/filing/0001437749-26-018179.txt

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