Parke Bancorp Inc., Washington Township, the parent bank holding company of Parke Bank, announced recently that the company's board of directors had declared a 10-percent stock dividend.
The stock dividend was payable on April 23 to stockholders of record as of April 12.
Vito S. Pantilione, president of the company, stated that the board of directors "was pleased to dclare this dividend as another method to increase shareholder value in the company and also increase the liquidity of the stock."