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Parke Bancorp (PKBK) will raise its quarterly dividend to $0.12 per share.

The dividend will be paid on July 28, 2017, to shareholders of record of the Company as of the close of business on July 14, 2017. "Our Board of Directors is strongly committed to enhancing shareholder value in our Company. We are able to increase the dividend as a result of the continued strong performance of the Company," remarked Vito S. Pantilione, President and Chief Executive Officer, of the Company.

Parke Bancorp, Inc. is a bank holding company of Parke Bank. The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania.