Parke Bancorp Names South Jersey Entrepreneur to Board
Parke Bancorp has appointed Michael L. Regina, a prominent entrepreneur from South Jersey and South Carolina, to its board of directors.
Parke Bancorp, Inc., the Washington Township, N.J.-based holding company for Parke Bank, announced Thursday the appointment of entrepreneur Michael L. Regina to its board of directors, expanding the panel's regional business expertise.
Regina, known for his entrepreneurial activity across South Jersey and South Carolina, brings extensive private-sector experience to the NASDAQ-listed bank holding company, traded under the ticker PKBK. The appointment signals the company's interest in deepening ties to business communities in both states.
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Parke Bank operates as a community-focused institution, and board additions of this nature typically reflect a strategic effort to align governance with the markets the bank serves. Regina's background in entrepreneurship may offer the board perspective on small-business lending and regional economic development.
The appointment takes effect as community banks across the country continue navigating a competitive lending environment shaped by elevated interest rates and shifting deposit dynamics. Adding directors with strong local business networks has become a common strategy among regional institutions seeking to maintain deposit relationships and loan growth.
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