On January 19, 2021, the Board of Directors of Parke Bancorp, Inc. (the Company") appointed John S. Kaufman, to Chief Financial Officer of the Company. On that same date, John F. Hawkins retired as Chief Financial Officer of the Company. Mr. Kaufman joined the Company in July 2020 as Senior Vice President and Treasurer. Prior to joining the company, Mr. Kaufman served as First Vice President and Chief Financial Officer of MSB Financial Corp.