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Parke Bancorp announces 10% stock dividend

Parke Bancorp announced that the company's Board of Directors had declared a 10% stock dividend, payable on May 17 to stockholders of record as of May 7, 2013. As a result, the outstanding shares of the company's common stock will increase by approximately 541,612 shares, from 5,416,124 shares outstanding to 5,957,736 shares outstanding.