Business Context and Reporting Period
Parke Bancorp, Inc. filed a Form 8-K reporting actions taken on September 22, 2026. The company is the parent of Parke Bank and its common stock trades on Nasdaq under the symbol PKBK. The report was signed and includes a press release dated September 24, 2026.
Key Financial Metrics
The filing does not provide revenue, net income, cash flow, margins, debt, liquidity, capital, or other operating metrics.
Material Changes Versus the Prior Comparable Period
- The Board appointed Michael L. Regina as a director of Parke Bancorp, Inc., to serve until the next annual meeting of stockholders.
- Mr. Regina was also appointed to the Board of Directors of Parke Bank. His company committee assignments will be determined later.
- The Board amended the bylaws to remove the requirement that directors reside within 50 miles of Parke Bank’s office.
- The Board also removed the requirement that directors own at least 25,000 shares of common stock.
Outlook, Risks, and Unusual Items
Mr. Regina is the founder and co-owner of Big Sky Enterprises, a project management and general contracting business, and Global Post Auditing Solutions, a freight-payment auditing business.
The filing states that Mr. Regina’s appointment was not made pursuant to any arrangement or understanding with another party. It also reports no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K. No financial guidance, outlook, contingencies, or other unusual financial items are disclosed.
Facts Investors Should Verify
- Review the amended and restated bylaws, particularly the removal of director residency and minimum share-ownership requirements.
- Confirm Mr. Regina’s committee assignments and participation on both the holding company and bank boards.
- Review the September 24, 2026 press release filed as Exhibit 99.1 for additional information about the appointment.
- Assess whether the bylaw amendments affect board composition, governance, or future director appointments.
- Obtain the company’s periodic financial filings for current revenue, earnings, capital, liquidity, credit quality, and other financial metrics, which are not included in this 8-K.