<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>7
<FILENAME>ex-5.txt
<DESCRIPTION>OPINION OF MALIZIA SPIDI & FISCH, PC
<TEXT>
                            Malizia Spidi & Fisch, PC
                                ATTORNEYS AT LAW

1100 New York Avenue, N.W.                            1900 South Atherton Street
Suite 340 West                                                         Suite 101
Washington, D.C.  20005                                 State College, PA  16801
(202) 434-4660                                                    (814) 272-3502
Facsimile: (202) 434-4661                             Facsimile:  (814) 272-3514

January 28, 2005

Board of Directors
Parke Bancorp, Inc.
601 Delsea Drive
Washington Township, New Jersey 08080

         Re:      Registration Statement Under the Securities Act of 1933
                  -------------------------------------------------------

Gentlemen:

         This opinion is rendered in connection with the Registration  Statement
on Form  S-4  filed  with the  Securities  and  Exchange  Commission  under  the
Securities  Act of 1933  relating to the issuance of up to  2,852,226  shares of
common stock, par value $0.10 per share (the "Common Stock"),  of Parke Bancorp,
Inc. (the "Company").  The Common Stock is proposed to be issued pursuant to the
Plan of  Acquisition  pursuant  to which  Parke  Bank will  reorganize  into the
holding company form of organization and become the  wholly-owned  subsidiary of
the Company (the "Reorganization"). The Company is incorporated under New Jersey
law.

         As special  counsel to the  Company,  we have  reviewed  the  corporate
proceedings  relating to the Plan of Acquisition and the Reorganization and such
other legal matters as we have deemed  appropriate  for the purpose of rendering
this opinion.  The opinions  expressed  herein are limited  solely to New Jersey
laws  applicable to the Company's  issuance of the Common Stock  pursuant to the
Plan of Acquisition and the Reorganization.

         We are  licensed to practice  law in,  among other  jurisdictions,  the
District  of  Columbia  and  the  Commonwealth  of  Pennsylvania.  The  opinions
expressed  herein are limited solely to the New Jersey corporate laws applicable
to our  opinion and we do not opine on the laws of any other  jurisdiction.  For
purposes of our opinion  expressed  herein,  we have assumed that the  corporate
laws of the  State  of New  Jersey  are  similar  to the  corporate  laws of the
Commonwealth of Pennsylvania.

         Based on the  foregoing,  we are of the opinion  that under the laws of
New Jersey the shares of Common  Stock of the Company  covered by the  aforesaid
Registration  Statement  will,  when issued in accordance  with the terms of the
Plan of  Acquisition  in  exchange  for  shares  of  Parke  Bank  and  upon  the
declaration of the  effectiveness of the Registration  Statement on Form S-4, be
duly authorized, legally issued, fully paid, and non-assessable shares of Common
Stock of the Company.

         We assume no  obligation  to advise you of any event that may hereafter
be brought to our attention  that may affect any statement made in the foregoing
paragraph after the declaration of effectiveness  of the Registration  Statement
on Form S-4.

<PAGE>

MALIZIA SPIDI & FISCH, PC


Board of Directors
Parke Bancorp, Inc.
January 28, 2005
Page 2
         We hereby  consent to the use of this  opinion and to the  reference to
our firm appearing in the proxy statement.  We also consent to any references to
our legal opinion in the Prospectus.

                                                  Very truly yours,


                                                  /s/MALIZIA SPIDI & FISCH, PC
                                                  ------------------------------
                                                  MALIZIA SPIDI & FISCH, PC




</TEXT>
</DOCUMENT>
