Parke Bank

Parke Bank offers the best of both worlds in Commercial Banking – local, experienced community-bankers that offer solutions designed to fit the needs of your business.

Our goal is to be your partner and help you grow your business. Our pricing is always competitive, and all loan decisions are made locally. We value your time and relationship by having you meet personally with a member of our management team.

Business Banking Offerings

Cannabis Banking: Cannabis-related businesses need access to specific banking solutions from a bank they can trust. As the cannabis industry continues to evolve, businesses need a bank that is dedicated to evolving along with them. Parke Bank was at the forefront, as one of only six banks in the country serving the medicinal cannabis industry when it was first approved in New Jersey. Our team of professionals collectively offer a decade of experience and expertise. Parke Bank’s Cannabis-related Business (CRB) banking solutions can provide you with the secure, reliable and effective banking your growing business needs.

We work with:

• Dispensaries
• Wholesalers
• Cultivators
• Testing labs
• Armored transportation

Business Checking Account: Parke Bank’s Business Checking makes banking simple. This account is available to proprietorship, partnerships and corporations. No minimum balance is required. Check printing charges do apply.

Business Savings Account: Our Business Statement Savings account offers several tiers of interest rates which increase as your balances increase. There are no service charges provided a minimum daily balance of $500.00 is maintained. A monthly fee of $7 will be charged if the minimum balance falls below $500.

Exclusive Business Services: We understand that no two businesses are exactly alike, and that most businesses have needs that are ever-changing. That’s why Parke Bank offers a long list of Exclusive Business Banking Services to business owners, including QuickBooks, Merchant Services, Business Debit Cards, Business Bill Pay Premier, Night Drop Deposit, and more.

Commercial Loan Products: Expensive upfront costs and regulatory hurdles can prevent businesses of any size from expanding the way they need to. A commercial loan is a debt-based funding arrangement between a business and a financial institution, typically used to fund major capital expenditures and/or cover operational costs. While they are subject to credit approval, Parke Bank’s Commercial Loan products are made available to business owners to overcome this hurdle.

Business Account Tools: Beyond Parke Bank’s Business Account options, we aim to provide you with the necessary tools and resources to manage all financial aspects of your business conveniently, and efficiently. Below you will find tools and resources that address FDIC information, taxes, financial statements, switching to Parke Bank, eStatements and deposit rates.