Parke Bank Named One of the Top 20 Community Banks by Bank Director
WASHINGTON TOWNSHIP, N.J., Sept. 28, 2023 /PRNewswire/ — Parke Bancorp, Inc. (the “Company”) (NASDAQ: PKBK) – is pleased to announce Parke Bank has been named to the Bank Director’s Ranking Banking: The Best U.S. Banks 2023 as one of the Top 20 performing banks across the nation amongst its peer group ($1 billion to $5 billion). Bank Director analyzed a consistent set of metrics to assess performance, based on calendar year 2022 results: return on average equity and return on average assets, the tangible common equity ratio, nonperforming assets and total shareholder return. The data divided banks into three asset categories: $50 billion and above, $5 billion to $50 billion and $1 billion to $5 billion. S&P Global Market Intelligence provided the data, which was analyzed by Piper Sandler & Co.