secwatch.observer — SEC 8-K summary
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Issuer:     PARKE BANCORP, INC. (PKBK)
CIK:        0001315399
Form:       8-K
Filed at:   2026-05-22T12:31:26+00:00
Accession:  0001437749-26-018179
Event type: other_material
Sentiment:  positive
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315399/000143774926018179/0001437749-26-018179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315399/000143774926018179/pkbk20260520_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-018179

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