<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex-99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>


FOR IMMEDIATE RELEASE              FOR FURTHER INFORMATION CONTACT:
---------------------              --------------------------------
January 18, 2006                   Vito S. Pantilione, President and CEO
                                   Ernest D. Huggard, Senior Vice President, CFO
                                   (856) 256-2500

Parke Bancorp, Inc. Reports Record Income of $3.5 million

Washington Township,  New Jersey - Parke Bancorp, Inc. (Nasdaq:  PKBK), the bank
holding company for Parke Bank, today announced record earnings of $3,494,421 or
$1.32 fully diluted  earnings per share for the year ended December 31, 2005, as
compared  to net  income of  $2,721,758  or $1.05  per share for the year  ended
December 31, 2004.  This  $772,663 or 28.4%  increase in net income is partially
attributable  to an increase in net interest  income of  $2,632,244  or 32.8% to
$10,652,089 for the year ended December 31, 2005.

         Net income of  $968,988,  or $0.36  diluted  income per share,  for the
three months  ended  December  31, 2005  compared to net income of $674,520,  or
$0.25 diluted income per share, for the same period last year. This represents a
43.7% increase in net income,  which is largely  attributable  to an increase in
net interest  income to $3,005,767  for the three months ended December 31, 2005
compared to $2,158,757 for the three-months ended December 31, 2004.

         Total assets grew by $73,471,881, or 32.7%, to $297,810,444 at December
31, 2005  compared to  $224,338,563  at December  31,  2004.  This  increase was
primarily  due to loan  growth of  $70,428,098,  or 37.3%,  to  $259,035,088  at
December 31, 2005 compared to $188,606,990 at December 31, 2004.

         Funding of our loan  growth was  supported  by deposits  increasing  by
$52,471,297,  or 29.2%, to $232,056,308 at December 31, 2005, from  $179,585,011
at December 31, 2004. Borrowings augmented funding by increasing by $15,881,134,
or 76.5%, to $35,966,860 at December 31, 2005, from  $20,378,726 at December 31,
2004.  During the year,  pooled trust  preferred  securities  were issued in the
amount of $10,000,000, enhancing our capital position for asset expansion.

         Interest income increased $5,570,256,  or 47.3%, to $17,336,044 for the
year ended December 31, 2005, compared to interest income of $11,765,788 for the
same twelve months in 2004. Interest expense increased $2,937,822,  or 78.4%, to
$6,683,955 for the year ended December 31, 2005,  compared to $3,746.133 for the
period in 2004 due to continued  deposit and  borrowing  growth  coupled with an
increase in interest rates.

         Non-interest  income  increased  $35,381,  or 4.1%, to $896,367 for the
year ended  December 31, 2005,  from $860,986 for year ended  December 31, 2004.
The increase is primarily attributable to loan fees.

         Non-interest  expense increased  $954,770,  or 26.6%, to $4,544,229 for
the year ended December 31, 2005,  from  $3,589,459 for the same period in 2004.
The increase is primarily  attributable to the costs associated with the holding
company reorganization.

<PAGE>

         Parke Bancorp, Inc. is a bank holding company for Parke Bank which is a
New  Jersey-chartered   commercial  bank  headquartered  at  601  Delsea  Drive,
Washington  Township,  New Jersey, with additional  branches in Northfield,  New
Jersey,  and  Washington  Township.  In  addition,  the  Bank  operates  a  loan
production  office in  Philadelphia,  Pennsylvania  which is in the  process  of
converting to a full service branch office.

         Parke  Bancorp,  Inc. was  incorporated  in January  2005. It commenced
operations on June 1, 2005 with the  acquisition  of Parke Bank.  Comparisons to
2004  year-end  and  interim  period  financial  data  relate  to the  financial
condition and results of operations of Parke Bank.  Parke Bancorp  maintains its
principal  office at 601 Delsea  Drive,  Washington  Township,  New  Jersey.  It
conducts its bank business  through  branch offices  located in Northfield,  New
Jersey and two branch offices  located in Washington  Township,  New Jersey.  In
addition,  the bank opened a loan production  office in Philadelphia in February
2004.  Parke  Bank  is a full  service  commercial  bank,  with an  emphasis  on
providing  personal and business  financial services to individuals and small to
mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey
and the Philadelphia area in Pennsylvania.  Parke Bank's deposits are insured up
to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC).
Parke  Bancorp's  common  stock is traded on the Nasdaq  Stock  Market under the
symbol "PKBK."

SELECTED FINANCIAL CONDITION DATA

--------------------------------------------------------------------------------
                                       December         December       Change
--------------------------------------------------------------------------------
                                         2005             2004           %
--------------------------------------------------------------------------------
                                    (in thousands)    (in thousands)
--------------------------------------------------------------------------------
Total assets                            297,810           224,339       32.7%
--------------------------------------------------------------------------------
Cash and cash equivalents                 4,380             1,802      143.1%
--------------------------------------------------------------------------------
Investment securities                    24,429            24,590      (0.7)%
--------------------------------------------------------------------------------
Loans receivable, net                   255,461           185,986       37.3%
--------------------------------------------------------------------------------
Deposits                                232,056           179,585       29.2%
--------------------------------------------------------------------------------
Other borrowings                         35,967            20,379       76.5%
--------------------------------------------------------------------------------
Stockholders' equity                     27,193            22,829       19.1%
--------------------------------------------------------------------------------

SELECTED FINANCIAL RATIOS

--------------------------------------------------------------------------------
        Twelve months ended            December         December
--------------------------------------------------------------------------------
                                         2005             2004
--------------------------------------------------------------------------------
                                    (in thousands)    (in thousands)
--------------------------------------------------------------------------------
Return on average assets                1.35%             1.45%
--------------------------------------------------------------------------------
Return on average equity               13.91%            13.24%
--------------------------------------------------------------------------------
Interest rate spread                    4.16%             4.20%
--------------------------------------------------------------------------------
Net interest rate margin                4.34%             4.60%
--------------------------------------------------------------------------------
Efficiency ratio                       39.40%            40.40%
----------------------------------------------------------------------------

<PAGE>

SELECTED OPERATIONS DATA

--------------------------------------------------------------------------------
        Twelve months ended            December         December        Change
--------------------------------------------------------------------------------
                                         2005             2004             %
--------------------------------------------------------------------------------
                                    (in thousands)    (in thousands)
--------------------------------------------------------------------------------
Interest and dividend income            17,336           11,766           47.3%
--------------------------------------------------------------------------------
Interest expense                         6,684            3,746           78.4%
--------------------------------------------------------------------------------
   Net interest income                  10,652            8,020           32.8%
--------------------------------------------------------------------------------
Provision for loan losses                1,180              825           43.0%
--------------------------------------------------------------------------------
Net interest income after
   provision for loan losses             9,472            7,194           31.7%
--------------------------------------------------------------------------------
Non-interest income                        896              861            4.1%
--------------------------------------------------------------------------------
Non-interest expense                     4,544            3,589           26.6%
--------------------------------------------------------------------------------
Income before income taxes               5,824            4,466           30.4%
--------------------------------------------------------------------------------
Provision for income taxes               2,330            1,744           33.6%
--------------------------------------------------------------------------------
Net income                               3,494            2,722           28.4%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Basic income per share                    1.55             1.26           23.0%
--------------------------------------------------------------------------------
Diluted income per share                  1.32             1.05           25.7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted shares - basic                  2,254            2,152
--------------------------------------------------------------------------------
Weighted shares - diluted                2,647            2,599
--------------------------------------------------------------------------------

ASSET QUALITY DATA

--------------------------------------------------------------------------------
                                       December         December
--------------------------------------------------------------------------------
                                         2005             2004
--------------------------------------------------------------------------------
                                    (in thousands)    (in thousands)
--------------------------------------------------------------------------------
Allowance for loan losses                3,574            2,621
--------------------------------------------------------------------------------
Percentage of allowance for
   loan losses of total loans             1.38%            1.39%
--------------------------------------------------------------------------------
Non-accrual loans                        1,935              241
--------------------------------------------------------------------------------
Real estate owned                         None             None
--------------------------------------------------------------------------------

         This release may contain  forward-looking  statements.  We caution that
such statements may be subject to a number of  uncertainties  and actual results
could differ materially and, therefore,  readers should not place undue reliance
on any forward-looking  statements.  Parke Bancorp, Inc. does not undertake, and
specifically  disclaims,  any obligation to publicly  release the results of any
revisions  that may be made to any forward-  looking  statements  to reflect the
occurrence of anticipated or  unanticipated  events or  circumstances  after the
date of such statements.

</TEXT>
</DOCUMENT>
