DEF 14A of Parke Bancorp, Inc.
Filed Mar 20, 2026 · FY20250001437749-26-009139
Biographical Information
Biographical Information Set forth below are biographies of the nominees for director, the continuing directors and the executive officers of the Company. These biographies contain information regarding the person’s service as a director, business experience, other directorships at any point during the last five years with any other public companies, information regarding involvement with certain types of proceedings, if applicable, and the experience, qualifications, attributes or skills that caused the Nominating Committee and the Board to nominate the individual for re-election to the Board in 2026 and that qualify the Continuing Directors to continue to serve on the Board. Nominees for Director: Vito S. Pantilione. Mr. Pantilione has served as the Company’s President and Chief Executive Officer and a director since its formation in 2005. From the time of the Bank’s formation in 1998, Mr. Pantilione has served as the President and Chief Executive Officer and a director of the Bank. Mr. Pantilione previously was the President and owner of Eagle Valley, a diversified mortgage company located in Philadelphia, Pennsylvania. From 1991 to 1994, he was employed as President of First Commercial Bank of Philadelphia. In addition, he previously was the President and owner of Interstate Mortgage Management, a mortgage brokerage company located in Southern New Jersey, and was the Executive Vice President of First Federal Savings of Hammonton. Mr. Pantilione was a past member of the Federal Reserve Bank of Philadelphia’s Community Depository Institution Advisory Council. Mr. Pantilione received an Honorary Doctorate from Philadelphia University in recognition of his many accomplishments in the areas of Finance and Banking. Mr. Pantilione’s financial industries experience and expertise has been invaluable to the Company. Dr. Edward Infantolino. Dr. Infantolino began his practice of medicine in New Jersey in1977. He served as President of Ocean Internal Medicine Associates, P.A. and he is now retired from the practice of medicine in Atlantic City and Somers Point, New Jersey. Dr. Infantolino is President of the Atlantic Investment Club which invests in stocks and bonds for its participants. Dr. Infantolino is the owner and Principal Broker of Key Land Development Company LLC in Celebration, Florida. His first banking experience was as a Founder and Director of Premium Federal Savings Bank in New Jersey until it was sold. Dr. Infantolino is a Founder of Parke Bank and has been a Director since its conception. Dr. Infantolino’s business, banking, and real estate background is an asset to the Board of Directors. Elizabeth A. Milavsky. On January 21, 2020, Ms. Milavsky, who joined the Bank in 2004, retired from her position as Executive Vice President and Chief Operating Officer responsible for administration of all areas of Bank operations, human resources, information technology, and compliance. Ms. Milavsky’s banking career started in 1969 at Aetna Federal S&L at an entry level position. She worked in various departments and rose to the level of Vice President until the bank merged in 1982 with Roxborough Manayunk Bank in Philadelphia, Pennsylvania. She continued her career at Roxborough where she was appointed as Senior Vice President of Operations. Her responsibilities included Electronic Banking, Information Technology, Retirement and Check Processing Departments, as well as the operations of the retail branch network. Her detailed knowledge of the Company and the Bank and her many years of experience in the banking industry makes her a significant asset to the Board of Directors.
Practices Related to the Grant of Equity Awards
Practices Related to the Grant of Equity Awards Under the Company's practices, long-term equity incentive compensation for any of the Company's equity awards, is typically reviewed and approved by the Board of Directors at their first regularly scheduled meeting prior to the planned issuance of any awards. Neither the Board of Directors nor the Compensation Committee take into account material non-public information when determining the timing or terms of equity awards, nor does the Company time disclosure of material non-public information for the purpose of affecting the value of executive compensation.
Practices Related to the Grant of Equity Awards
| EXECUTIVE COMPENSATION |
Practices Related to the Grant of Equity Awards
Summary Compensation Table. The following table sets forth the cash and non-cash compensation awarded to or earned during the last two fiscal years by our principal executive officer and the three other highest paid executive officers whose total compensation (excluding compensation attributable to changes in pension value and non-qualified deferred compensation earnings) during the fiscal year ended December 31, 2025, exceeded $100,000 for services rendered in all capacities to the Company and the Bank. We do not have any plans providing for non-equity incentive compensation to the named executive officers (“NEOs”).
Practices Related to the Grant of Equity Awards
| Name and Principal Position | Year | Salary | Bonus | Option Awards(1) | Restricted Stock Units (2) | All Other Compensation(3) | Total | | Vito S. Pantilione | 2025 | $1,135,000 | $567,500 | $— | $52,000 | $60,614 | $1,815,114 | | President & Chief Executive Officer | 2024 | $1,102,500 | $551,250 | $— | $— | $54,034 | $1,707,784 | | Ralph Gallo | 2025 | $300,000 | $65,000 | $— | $68,640 | $21,300 | $454,940 | | Executive Vice President & Chief Operating Officer | 2024 | $292,200 | $60,000 | $— | $— | $21,150 | $373,150 | | Jonathan Hill | 2025 | $290,000 | $66,000 | $— | $68,640 | $17,700 | $442,340 | | Senior Vice President & Chief Financial Officer | 2024 | $265,000 | $85,000 | $44,300 | $— | $11,196 | $405,496 | | Nicholas J. Pantilione | 2025 | $280,000 | $200,000 | $— | $68,640 | $36,823 | $585,463 | | Senior Vice President & Chief Lending Officer | 2024 | $266,000 | $90,000 | $— | $— | $34,897 | $390,897 |
Practices Related to the Grant of Equity Awards
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | | | Year | PEO | Summary Compensation | Compensation Actually Paid to | Average Summary Compensation | Average Compensation Actually Paid to | Value of Initial Fixed $100 Investment Based on: | (h) | | | | Table Total for PEO | PEO | Table Total for Non-PEO NEOs | Non-PEO NEOs | Total Shareholder Return(5) | Net Income | | 2025 | Vito S. Pantilione | $1,815,114 | $1,773,714 | $494,248 | $486,410 | $126 | $37,755,000 | | 2024 | Vito S. Pantilione | $1,707,784 | $1,712,644 | $389,323 | $369,514 | $106 | $27,492,000 | | 2023 | Vito S. Pantilione | $1,580,346 | $1,599,350 | $346,245 | $347,507 | $100 | $28,436,000 |
Practices Related to the Grant of Equity Awards
| 2. | For the Non-PEO NEOs, Average Compensation Actually Paid in 2025 [column (f)] is less than the Average SCT Total [column (e)] as reported for the corresponding year in the “Total” column of the SCT resulting from adjustments in equity award values. See Footnote 4. For 2024 and 2023, the non-PEO NEOs only included Mr. Gallo and Mr. Hill. |
Practices Related to the Grant of Equity Awards
| 4. | Equity Award Adjustments for the Average Non-PEO NEO Compensation Actually Paid: The following table sets forth the adjustments made during each year to the SCT “Total Compensation” column in the Pay vs Performance Table to arrive at average compensation "actually paid" to our non-PEO NEOs during each of the years presented: |
Practices Related to the Grant of Equity Awards
| DIRECTOR COMPENSATION |
Practices Related to the Grant of Equity Awards
| Name | Fees Earned or Paid in Cash | Restricted Stock Unit Awards (1) | Stock Option Awards | Total | | Fred G. Choate | $157,550 | $52,000 | $--- | $209,550 | | Daniel J. Dalton | 305,200 | 52,000 | --- | 357,200 | | Arret F. Dobson | 181,850 | 52,000 | --- | 233,850 | | Edward Infantolino | 116,642 | 52,000 | --- | 168,142 | | Jeffrey H. Kripitz | 150,539 | 52,000 | --- | 202,539 | | Elizabeth Milavsky | 133,700 | 52,000 | --- | 185,700 | | Jack C. Sheppard, Jr. | 150,659 | 52,000 | --- | 202,659 |