Parke Bancorp appoints Michael L. Regina to board, removes bylaw eligibility rules
Parke Bancorp appointed entrepreneur Michael L. Regina to its Board of Directors on September 22, 2026, and its board also approved amendments removing a director residency requirement and a minimum share ownership requirement from the bylaws. The filing contains no financial results, so the changes are governance matters rather than a direct measure of the bank's performance.
Key points
- Michael L. Regina appointed to the board on September 22, 2026; he will serve until the next annual meeting and committee assignments are to be determined later.
- Bylaw Section 3 removed: it had required directors to live within 50 miles of the Parke Bank office.
- Bylaw Section 16 removed: it had required directors to own at least 25,000 shares of common stock.
- Regina co-founded Big Sky Enterprises and Global Post Auditing Solutions, according to the press release filed as Exhibit 99.1.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.