Parke Bancorp AGM: Shareholders Reelect Directors, OK Auditor; Board Hikes Dividend to $0.20

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Sat, April 25, 2026 astatine 2:02 PM CDT 5 min read

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Shareholders reelected Vito S. Pantilione, Dr. Edward Infantolino, and Elizabeth A. Milavsky to three-year presumption and ratified S.R. Snodgrass, P.C. arsenic the autarkic auditor; the advisory ballot connected wage drew a plurality favoring yearly votes.
The committee approved a quarterly currency dividend summation to $0.20 per share, effectual successful the second 4th of 2026.
Parke delivered beardown results: 2025 nett income roseate 37.3% to $37.8 million with assets up 5% to $2.25 billion and loans up 8.9%, and Q1 2026 nett income accrued 52.3% to $11.8 million alongside improved efficiency, ROA, and ROE.
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Parke Bancorp (NASDAQ:PKBK) shareholders elected 3 directors, ratified the company’s autarkic auditor, and formed advisory votes connected enforcement compensation during the company’s virtual yearly meeting, chaired by Board Chairman Daniel J. Dalton.

Dalton said the company’s records showed 11,730,950 shares of communal banal outstanding arsenic of the March 11, 2026 grounds date. He besides said a quorum was contiguous online oregon by proxy.

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Shareholders voted connected 4 proposals:

Election of directors: Vito S. Pantilione, Dr. Edward Infantolino, and Elizabeth A. Milavsky, each for a three-year word expiring successful 2029
Auditor ratification: S.R. Snodgrass, P.C. arsenic autarkic auditor for the fiscal twelvemonth ending Dec. 31, 2026
Say-on-pay: An advisory, non-binding ballot connected enforcement compensation
Say-on-pay frequency: Whether the advisory ballot should hap each 1, 2, oregon 3 years

On the 4th proposal, Dalton said the committee recommended holding the enforcement compensation advisory ballot erstwhile each 3 years, citing some the clip needed for shareholders “to decently measure the impact” of compensation changes and the outgo of adding docket items.

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After votes were tallied, the Inspector of Elections reported that a quorum was successful attendance for each purposes. The operator, speechmaking the inspector’s report, said shareholders elected Pantilione, Infantolino, and Milavsky to caller three-year presumption expiring successful 2029.

The study besides stated that more than a majority of shares contiguous voted to ratify S.R. Snodgrass, P.C. arsenic autarkic auditor for 2026.

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On the say-on-pay frequence proposal, the study said a plurality of votes favored holding advisory votes connected enforcement compensation every year. (The gathering transcript did not see the numerical ballot totals oregon explicitly authorities the result of connection 3 beyond its statement arsenic an advisory vote.)

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