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Parke Bank Donates a Home to Habitat for Humanity

WASHINGTON TOWNSHIP, N.J., Aug. 20, 2012 /PRNewswire/ -- ParkeBank, headquartered in Sewell, Gloucester County, New Jersey, has recently donated a three bedroom single family home in Pitman to the Gloucester County affiliate of Habitat for Humanity.

ParkeBank, recognizing that this need for housing exists within Gloucester County, is very supportive of the Habitat mission of providing affordable housing to its "Partner Families."

Habitat builds affordable homes within the Gloucester County area for low income families and provides an alternate way for partner families to buy their first home. Each partner family is selected based upon need, willingness to partner and ability to pay. Each home is built through a combination of labor provided by each partner family, labor from volunteers and donations of funds and materials.

Danny Sulpizio , Senior Vice President of Parke Bank and Habitat for Humanity Board Member, said, "It was a fitting opportunity to give back to the community and support the Habitat Mission." As part of ParkeBank's ongoing commitment to Habitat, Sulpizio has also been teaching financial literacy courses to Habitat partner families. This assists them in managing a household budget which in the long term will help them succeed as homeowners. The property located on East Holly Avenue is close to being in ParkeBank's back yard and is in the same town of the Habitat offices and their ReStore, which through the sale of donated goods helps build new homes for additional families. Sulpizio said he is going to follow the project from start to finish. ParkeBank employee volunteers will be helping to renovate the home and he hopes to post updates on the project on the ParkeBank web site.

"We are a community bank, it is who we are. We genuinely care about the communities we serve and are always looking for a way to give back. Other banks buy billboards and sponsor big events; our employees are very active in many organizations and we support local events. We want the family that moves in to feel safe and comfortable in their new home and be an active member of the community for years to come," said Sulpizio.

Parke Bancorp, Inc. was incorporated in January 2005 while Parke Bank commenced operations in January 1999. Parke Bancorp and Parke Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey. Parke Bank conducts business through a branch office in Northfield, New Jersey, two branch offices in Washington Township, New Jersey, a branch office in Galloway Township, New Jersey and a branch in center city Philadelphia. Parke Bank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small-sized businesses primarily in Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia and surrounding counties in Pennsylvania. Parke Bank 's deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC). Parke Bancorp's common stock is traded on the NASDAQ Capital Market under the symbol "PKBK".