Website: N/A
Stock Symbol: NASDAQ: PFED
Market Value: N/A (in millions)
Park Bancorp, Inc. (“Company”) was incorporated under the laws of the state of
Delaware in 1996, as the holding company for Park Federal Savings Bank (“Bank”),
our banking subsidiary. The Bank, which was organized as a mutual savings and
loan association and has been operating since 1921, formed the holding company
in connection with its conversion from a mutual to a stock savings institution.
The Bank is engaged in the business of retail banking, with operations conducted
through its main office and two branch offices located in Chicago and Westmont,
Illinois. We also engage in residential real estate development through our
subsidiary, GPS Development Corporation.
The Bank attracts retail deposits from the general public in the areas
surrounding its offices and invests those deposits, together with funds
generated from operations and other borrowings, primarily in fixed-rate,
one-to-four-family residential mortgage loans and securities.