Parke Bank’s parent, Parke Bancorp (NASDAQ: PKBK), reported last week that its cannabis-related deposits surged nearly 57% in the fourth quarter, showing signs of recovery as interest rates begin to ease.
Overall annual profits dipped 3.3% to $27.5 million in 2024, while fourth-quarter earnings fell 9.5% to $7.4 million despite revenue…
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