Fred G. Choate has reported an acquisition of 500 shares in Parke Bancorp, Inc., a transaction that occurred on October 21, 2026. This event is significant as it highlights Choate's continued investment in the bank, which may indicate confidence in its future performance.

Background

Choate Fred G is an individual investor with a history of transactions related to Parke Bancorp, Inc. The company operates within the state commercial banking sector. Parke Bancorp is listed under the ticker symbol PKBK and is incorporated in New Jersey. Recent filings include a Form 4 on November 5, 2026, and a Form 5 on February 12, 2026.

What the Filing Says

The filing reveals that Choate acquired 500 shares of common stock on October 21, 2026. Following this transaction, he now owns a total of 4,498 shares. The filing states, "transaction code M" indicating a purchase of shares.

Impact

This acquisition could affect Parke Bancorp's investor sentiment as it reflects Choate's ongoing commitment to the bank. His actions may encourage other investors to consider their positions in the company, particularly within the competitive landscape of state commercial banks.

What's Next

The filing does not say what happens next.

Additional Transactions

In addition to the acquisition of 500 shares, the filing indicates that Choate also acquired 500 restricted stock units on the same date, October 21, 2026. These restricted stock units convert into common stock upon vesting, with a vesting schedule of 20% per year over five years. Following this transaction, Choate's total ownership of shares increased to 2,000 shares from these units.

Ownership Structure

Fred G. Choate is not only an investor but also serves as a director of Parke Bancorp, which further emphasizes his role and influence within the company. His direct ownership of shares and stock options reflects a significant commitment to the bank's growth and performance.

Details of Derivative Holdings

The filing also outlines several derivative holdings held by Choate, including stock options with varying exercise prices and expiration dates. Notably, he holds options to purchase 4,500 shares at an exercise price of $12.29, which expire on April 24, 2030, and options for 12,375 shares at $20.14, expiring on August 22, 2028. Additionally, there are options for 5,000 shares at an exercise price of $21.66, expiring on June 13, 2032. These holdings indicate a strategic approach to leveraging his investment in Parke Bancorp.

Conclusion

The filing provides a comprehensive view of Choate's investment activities, showcasing his ongoing commitment to Parke Bancorp through both direct share acquisitions and derivative holdings. This level of engagement may signal to other investors the potential for future growth within the company.