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<title>pkbk-20220524</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN180L2ZyYWc6ZGExMWNmYmExNDU2NGMwMjhhNjQ1MDkwNWUxNzE3NTUvdGFibGU6OWE2MTU0MDJmMzY2NGQ0Y2IzN2E0NThiMWU4MDk1NDAvdGFibGVyYW5nZTo5YTYxNTQwMmYzNjY0ZDRjYjM3YTQ1OGIxZTgwOTU0MF8wLTEtMS0xLTU3MTA1_1404fde9-0274-49c5-9400-e913577667e9">0001315399</ix:nonNumeric><ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:AmendmentFlag" format="ixt:fixed-false" 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style="-sec-extract:summary;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:17.352%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.352%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.090%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.352%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.354%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div><span><br/></span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:79.464%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:700;line-height:100%">FORM <ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGFibGU6MjE1MjdlNmQ3ODJjNDRhNWJmNmUzN2YyZTRkOGQzMWQvdGFibGVyYW5nZToyMTUyN2U2ZDc4MmM0NGE1YmY2ZTM3ZjJlNGQ4ZDMxZF8wLTEtMS0xLTU3MTA1L3RleHRyZWdpb246YzhmYzM4NmJmZTBkNDA2NWFjYzQ4NDY5NDFmZGU3ZGNfOQ_eee800c9-c9ec-4452-a3db-050188a9152e">8-K</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pursuant to Section 13 or 15(d) </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">of the Securities Exchange Act of 1934</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Date of Report (Date of earliest event reported) <ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" 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id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGFibGU6YzRhZGIyNjBiZThmNDk0OWIzYWNjNGM2YjczZWRiOWYvdGFibGVyYW5nZTpjNGFkYjI2MGJlOGY0OTQ5YjNhY2M0YzZiNzNlZGI5Zl8wLTQtMS0xLTU3MTA1_40b0aec0-f812-4ac7-b09b-062d09c99ae0">65-1241959</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(State or other jurisdiction</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(Commission</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(IRS Employer</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">of incorporation)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">File Number) </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Identification No.)</span></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.303%"><tr><td style="width:1.0%"></td><td style="width:52.010%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.206%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:41.484%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGFibGU6NTkyNzAzMmFkMmRjNDVkNzhjZDE0MGVkYTk5YTRmYjAvdGFibGVyYW5nZTo1OTI3MDMyYWQyZGM0NWQ3OGNkMTQwZWRhOTlhNGZiMF8wLTAtMS0xLTU3MTA1L3RleHRyZWdpb246NjUwNGY3NWY1NzJhNDA5YTk0YmU3MTFhMWU1MTcxNTBfNA_d372fe31-5d12-46cb-a721-3a07e5e8eb3a">601 Delsea Drive</ix:nonNumeric>, <ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGFibGU6NTkyNzAzMmFkMmRjNDVkNzhjZDE0MGVkYTk5YTRmYjAvdGFibGVyYW5nZTo1OTI3MDMyYWQyZGM0NWQ3OGNkMTQwZWRhOTlhNGZiMF8wLTAtMS0xLTU3MTA1L3RleHRyZWdpb246NjUwNGY3NWY1NzJhNDA5YTk0YmU3MTFhMWU1MTcxNTBfOA_201c8cf9-93c4-4af9-8233-771203867581">Washington Township</ix:nonNumeric>, 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id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGFibGU6NTkyNzAzMmFkMmRjNDVkNzhjZDE0MGVkYTk5YTRmYjAvdGFibGVyYW5nZTo1OTI3MDMyYWQyZGM0NWQ3OGNkMTQwZWRhOTlhNGZiMF8wLTItMS0xLTU3MTA1_f5a618b0-d716-44c0-b53e-0f612c6a94aa">08080</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(Address of principal executive offices) </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#160;(Zip Code) </span></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Registrant&#8217;s telephone number, including area code: (<ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGV4dHJlZ2lvbjozNWUxYWRhYThiNzk0NTA2ODUyMjY4ZDRkNWNhMjkwMl8yMjQy_4affc1b2-cf18-4651-a5fd-cfae5ba2773b">856</ix:nonNumeric>) <ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGV4dHJlZ2lvbjozNWUxYWRhYThiNzk0NTA2ODUyMjY4ZDRkNWNhMjkwMl8yMjM2_d99f992d-d83a-47e3-9b57-9b9dc4894043">256-2500</ix:nonNumeric> </span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Not Applicable </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Former name or former address, if changed since last report)  </span></div><div style="margin-bottom:1pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.726%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:  </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGV4dHJlZ2lvbjozNWUxYWRhYThiNzk0NTA2ODUyMjY4ZDRkNWNhMjkwMl8yMjMz_f96391ec-d8fb-4c1e-94a2-382a89d888f0">&#9744;</ix:nonNumeric> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGV4dHJlZ2lvbjozNWUxYWRhYThiNzk0NTA2ODUyMjY4ZDRkNWNhMjkwMl8yMjM4_68a8ea7b-c5e9-4f6c-a645-eaed657c76e7">&#9744;</ix:nonNumeric> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGV4dHJlZ2lvbjozNWUxYWRhYThiNzk0NTA2ODUyMjY4ZDRkNWNhMjkwMl8yMjM5_12420584-79c5-459d-96e6-b5e01d98cf24">&#9744;</ix:nonNumeric> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGV4dHJlZ2lvbjozNWUxYWRhYThiNzk0NTA2ODUyMjY4ZDRkNWNhMjkwMl8yMjQx_e9d6047d-87a8-468b-ac30-6ded40b96435">&#9744;</ix:nonNumeric> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:  </span></div><div style="margin-bottom:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:34.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.841%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.841%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Title of Each Class</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Trading Symbol(s)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Name of Each Exchange on Which Registered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGFibGU6MzFlMzViMTJkMDM1NDczNmFjMDc1YTQ5ODdhNDc1MDAvdGFibGVyYW5nZTozMWUzNWIxMmQwMzU0NzM2YWMwNzVhNDk4N2E0NzUwMF8xLTAtMS0xLTU3MTA1_019196e3-08d9-4de3-a003-0c966fe8d1ad">Common Stock, Par Value $0.10 per share</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#160;<ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGFibGU6MzFlMzViMTJkMDM1NDczNmFjMDc1YTQ5ODdhNDc1MDAvdGFibGVyYW5nZTozMWUzNWIxMmQwMzU0NzM2YWMwNzVhNDk4N2E0NzUwMF8xLTItMS0xLTU3MTA1_8d8b694e-34ef-4057-a16f-4b850ece97b6">PKBK</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGFibGU6MzFlMzViMTJkMDM1NDczNmFjMDc1YTQ5ODdhNDc1MDAvdGFibGVyYW5nZTozMWUzNWIxMmQwMzU0NzM2YWMwNzVhNDk4N2E0NzUwMF8xLTQtMS0xLTU3MTA1_e5e6ae53-9c13-47aa-91e9-32967510b08e">The Nasdaq Stock Market, LLC</ix:nonNumeric></span></td></tr></table></div><div style="margin-bottom:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.726%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).  </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company  <ix:nonNumeric contextRef="i70ee536716b547da8f290929139c3a5a_D20220524-20220524" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOmQwODVhYjRmYzA1MzQwNjA5NGZlYTFiY2I0OTBhN2I3L3NlYzpkMDg1YWI0ZmMwNTM0MDYwOTRmZWExYmNiNDkwYTdiN18xL2ZyYWc6MzVlMWFkYWE4Yjc5NDUwNjg1MjI2OGQ0ZDVjYTI5MDIvdGV4dHJlZ2lvbjozNWUxYWRhYThiNzk0NTA2ODUyMjY4ZDRkNWNhMjkwMl8yMjM1_f7ca52b7-b15e-48b3-995c-2d060f575e1e">&#9744;</ix:nonNumeric> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  &#9744; </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.702%"><tr><td style="width:1.0%"></td><td style="width:18.302%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.302%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.586%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.302%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.008%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> PARKE BANCORP, INC.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">INFORMATION TO BE INCLUDED IN THE REPORT</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">Section 4 &#8211; Matters Related to Accountants and Financial Statements</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">            </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">(a)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">        </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Audit Committee (the "Audit Committee") of the Board of Directors of Parke Bancorp, Inc. (the "Registrant") recently conducted a competitive selection process to determine the Registrant's independent registered public accounting firm for the fiscal year ending December 31, 2022. As a result of this process, on May 24, 2022, the Registrant dismissed RSM US LLP ("RSM") as the Registrant's independent registered public accounting firm. The dismissal of RSM was recommended by the Audit Committee, and approved by the Registrant's Board of Directors, and will become effective immediately.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">            </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">RSM's audit reports on the Registrant's consolidated financial statements as of and for the years ended December 31, 2021 and December 31, 2020 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">            In </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">connection</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%"> with the audits of the Company's consolidated financial statements for the fiscal years ended December 31, 2021 and 2020, and in the subsequent interim period through May 24, 2022, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">there were (i) no disagreements between the Registrant and RSM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which, if not resolved to the satisfaction of RSM, would have caused RSM to make reference thereto in their reports on the consolidated financial statements for such years, and (ii) no "reportable events" as that term is defined in Item 304(a)(1)(v) of Regulation S-K.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">            </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Registrant has provided RSM a copy of the disclosures in this Form 8-K and has requested that RSM furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the Registrant's statements in this Item 4.01. A copy of the letter dated May 26, 2022 is filed as Exhibit 16.1 to this Form 8-K.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">            </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">(b)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">        </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">On May 24, 2022, the Audit Committee of the Registrant's Board of Directors engaged S.R. Snodgrass, P.C. ("Snodgrass") as the Registrant's independent registered public accounting firm, effective May 24, 2022. During the fiscal years ended December 31, 2021 and December 31, 2020 and the subsequent interim period preceding the selection of Snodgrass, the Registrant did not consult with Snodgrass regarding: (1) the application of accounting principles to a specified transaction, either completed or proposed; (2) the type of audit opinion that might be rendered on the Registrant's financial statements, and Snodgrass did not provide any written report or oral advice that Snodgrass concluded was an important factor considered by the Registrant in reaching a decision as to any such accounting, auditing or financial reporting issue; or (3) any matter that was either the subject of a disagreement with RSM on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure or the subject of a "reportable event", as such term is defined in Item 304(a)(1)(v) of Regulation S-K.</span></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">Section 9 -- Financial Statements and Exhibits</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">Item 9.01 Financial Statements and Exhibits.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">            </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">(d) Exhibits.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">            </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%;text-decoration:underline">Exhibit No.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">      </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%;text-decoration:underline">Description</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">            </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">16.1</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">     </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline" href="sec_accountantxletter.htm">Letter of RSM US LLP dated May 2</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline" href="sec_accountantxletter.htm">6</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline" href="sec_accountantxletter.htm">, 2022</a></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">            </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">104</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">      </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div><span><br/></span></div><div style="margin-bottom:1pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:180pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">            Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  </span></div><div style="padding-left:18pt;padding-right:18pt;text-align:center;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">PARKE BANCORP, INC.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:17.352%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.352%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:49.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.384%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date: May 26, 2022 </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ John S. Kaufman  </span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">John S. Kaufman</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Senior Vice President and Chief Financial Officer</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Duly Authorized Representative)</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
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pkbk-20220524
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
May 24, 2022
PARKE BANCORP, INC.
(Exact name of registrant as specified in its charter)
New Jersey
0-51338
65-1241959
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
601 Delsea Drive
,
Washington Township
,
New Jersey
08080
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (
856
)
256-2500
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol(s)
Name of Each Exchange on Which Registered
Common Stock, Par Value $0.10 per share
PKBK
The Nasdaq Stock Market, LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
PARKE BANCORP, INC.
INFORMATION TO BE INCLUDED IN THE REPORT
Section 4 – Matters Related to Accountants and Financial Statements
(a)
The Audit Committee (the "Audit Committee") of the Board of Directors of Parke Bancorp, Inc. (the "Registrant") recently conducted a competitive selection process to determine the Registrant's independent registered public accounting firm for the fiscal year ending December 31, 2022. As a result of this process, on May 24, 2022, the Registrant dismissed RSM US LLP ("RSM") as the Registrant's independent registered public accounting firm. The dismissal of RSM was recommended by the Audit Committee, and approved by the Registrant's Board of Directors, and will become effective immediately.
RSM's audit reports on the Registrant's consolidated financial statements as of and for the years ended December 31, 2021 and December 31, 2020 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
In
connection
with the audits of the Company's consolidated financial statements for the fiscal years ended December 31, 2021 and 2020, and in the subsequent interim period through May 24, 2022,
there were (i) no disagreements between the Registrant and RSM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which, if not resolved to the satisfaction of RSM, would have caused RSM to make reference thereto in their reports on the consolidated financial statements for such years, and (ii) no "reportable events" as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
The Registrant has provided RSM a copy of the disclosures in this Form 8-K and has requested that RSM furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the Registrant's statements in this Item 4.01. A copy of the letter dated May 26, 2022 is filed as Exhibit 16.1 to this Form 8-K.
(b)
On May 24, 2022, the Audit Committee of the Registrant's Board of Directors engaged S.R. Snodgrass, P.C. ("Snodgrass") as the Registrant's independent registered public accounting firm, effective May 24, 2022. During the fiscal years ended December 31, 2021 and December 31, 2020 and the subsequent interim period preceding the selection of Snodgrass, the Registrant did not consult with Snodgrass regarding: (1) the application of accounting principles to a specified transaction, either completed or proposed; (2) the type of audit opinion that might be rendered on the Registrant's financial statements, and Snodgrass did not provide any written report or oral advice that Snodgrass concluded was an important factor considered by the Registrant in reaching a decision as to any such accounting, auditing or financial reporting issue; or (3) any matter that was either the subject of a disagreement with RSM on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure or the subject of a "reportable event", as such term is defined in Item 304(a)(1)(v) of Regulation S-K.
Section 9 -- Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
16.1
Letter of RSM US LLP dated May 2
6
, 2022
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
PARKE BANCORP, INC.
Date: May 26, 2022
By
/s/ John S. Kaufman
John S. Kaufman
Senior Vice President and Chief Financial Officer
(Duly Authorized Representative)