Parke Bancorp CEO Buys 600 Shares

Vito Pantilione increases ownership stake in Pennsylvania-based community bank

Mar. 2, 2026 at 1:28pm

Got story updates? Submit your updates here. ›

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito Pantilione acquired 600 shares of the company's stock in a transaction on February 27th. Pantilione purchased the shares at an average cost of $28.50 per share, for a total transaction value of $17,100. Following the purchase, Pantilione now directly owns 17,942 shares in the company, valued at $511,347.

Why it matters

Insider buying, especially by a company's CEO, is often seen as a positive signal by investors, as it suggests the executive has confidence in the organization's future prospects. Parke Bancorp is a community-oriented bank headquartered in Kittanning, Pennsylvania, serving retail and commercial clients.

The details

Pantilione's purchase represents a 3.46% increase in his ownership stake in Parke Bancorp. The transaction was disclosed in a filing with the Securities and Exchange Commission. Parke Bancorp's stock has traded between $16.94 and $29.50 over the past 52 weeks and currently has a market capitalization of $327.54 million.

  • The share purchase transaction occurred on Friday, February 27th.

The players

Vito Pantilione

CEO of Parke Bancorp, Inc.

Parke Bancorp, Inc.

A community-oriented financial institution headquartered in Kittanning, Pennsylvania that provides a full range of retail and commercial banking services.

Got photos? Submit your photos here. ›

The takeaway

Pantilione's insider purchase of Parke Bancorp shares signals his confidence in the bank's future performance and aligns his interests with those of shareholders. Insider buying is often viewed positively by the market, as it suggests the company's leadership believes the stock is undervalued.