**SECTION 302 CERTIFICATION**

 

|   | I, Vito S. Pantilione, President and Chief Executive                            Officer, certify that: |
|--------|--------------------------------------------------------------------------------------------------------|

 

| 1. | I have reviewed this annual report on Form 10-K of Parke                            Bancorp, Inc.; |
|----|----------------------------------------------------------------------------------------------------|

 

2.         Based on my            knowledge, this report does not contain any untrue statement of a material fact or omit            to state a material fact necessary to make the statements made, in light of the            circumstances under which such statements were made, not misleading with respect to the            period covered by this report;

 

3.         Based on my            knowledge, the financial statements, and other financial information included in this            report, fairly present in all material respects the financial condition, results of            operations and cash flows of the registrant as of, and for, the periods presented in            this report;

 

4.         The            registrant’s other certifying officer and I are responsible for establishing and            maintaining disclosure controls and procedures (as defined in Exchange Act Rule            13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in            Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a)         Designed such            disclosure controls and procedures, or caused such disclosure controls and procedures            to be designed under our supervision, to ensure that material information relating to            the registrant, including its consolidated subsidiaries, is made known to us by others            within those entities, particularly during the period in which this report is being            prepared;

 

(b)       Designed such internal            control over financial reporting, or caused such internal control over financial            reporting to be designed under our supervision, to provide reasonable assurance            regarding the reliability of financial reporting and the preparation of financial            statements for external purposes in accordance with generally accepted accounting            principles;

 

(c)         Evaluated the            effectiveness of the registrant’s disclosure controls and procedures and            presented in this report our conclusions about the effectiveness of the disclosure            controls and procedures, as of the end of the period covered by this report based on            such evaluation; and

 

(d)        Disclosed in this            report any change in the registrant’s internal control over financial reporting            that occurred during the registrant’s most recent fiscal quarter that has            materially affected, or is reasonably likely to materially affect, the            registrant’s internal control over financial reporting; and

 

5.                    The registrant’s other certifying            officer and I have disclosed, based on our most recent evaluation of internal control            over financial reporting, to the registrant’s auditors and the audit committee of            the registrant’s board of directors:

 

(a)         All significant            deficiencies and material weaknesses in the design or operation of internal control            over financial reporting which are reasonably likely to adversely affect the            registrant’s ability to record, process, summarize and report financial            information; and

             

(b)        Any fraud, whether or not            material, that involves management or other employees who have a significant role            in the registrant’s internal control over financial reporting.

 

| Date: March 28, 2008 |   | By:    | /s/ Vito S. Pantilione                                    |
|----------------------|--------|--------|-----------------------------------------------------------|
|                 |   |   | Vito S. Pantilione

President and Chief Executive Officer |

 

 

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**SECTION 302 CERTIFICATION**

 

|   | I, Robert A. Kuehl, Senior Vice President and Chief                            Financial Officer, certify that: |
|--------|-----------------------------------------------------------------------------------------------------------------|

 

| 1. | I have reviewed this annual report on Form 10-K of Parke                            Bancorp, Inc.; |
|----|----------------------------------------------------------------------------------------------------|

 

2.         Based on my            knowledge, this report does not contain any untrue statement of a material fact or omit            to state a material fact necessary to make the statements made, in light of the            circumstances under which such statements were made, not misleading with respect to the            period covered by this report;

 

3.         Based on my            knowledge, the financial statements, and other financial information included in this            report, fairly present in all material respects the financial condition, results of            operations and cash flows of the registrant as of, and for, the periods presented in            this report;

 

4.         The            registrant’s other certifying officer and I are responsible for establishing and            maintaining disclosure controls and procedures (as defined in Exchange Act Rule            13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in            Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a)         Designed such            disclosure controls and procedures, or caused such disclosure controls and procedures            to be designed under our supervision, to ensure that material information relating to            the registrant, including its consolidated subsidiaries, is made known to us by others            within those entities, particularly during the period in which this report is being            prepared;

 

(b)       Designed such internal            control over financial reporting, or caused such internal control over financial            reporting to be designed under our supervision, to provide reasonable assurance            regarding the reliability of financial reporting and the preparation of financial            statements for external purposes in accordance with generally accepted accounting            principles;

 

(c)         Evaluated the            effectiveness of the registrant’s disclosure controls and procedures and            presented in this report our conclusions about the effectiveness of the disclosure            controls and procedures, as of the end of the period covered by this report based on            such evaluation; and

 

(d)        Disclosed in this            report any change in the registrant’s internal control over financial reporting            that occurred during the registrant’s most recent fiscal quarter that has            materially affected, or is reasonably likely to materially affect, the            registrant’s internal control over financial reporting; and

 

5.                    The registrant’s other certifying            officer and I have disclosed, based on our most recent evaluation of internal control            over financial reporting, to the registrant’s auditors and the audit committee of            the registrant’s board of directors:

 

(a)         All significant            deficiencies and material weaknesses in the design or operation of internal control            over financial reporting which are reasonably likely to adversely affect the            registrant’s ability to record, process, summarize and report financial            information; and

 

(b)        Any fraud, whether or            not material, that involves management or other employees who have a significant role            in the registrant’s internal control over financial reporting.

 

| Date: March 28, 2008 |   | By:    | /s/ Robert A. Kuehl                                                                           |
|----------------------|--------|--------|-----------------------------------------------------------------------------------------------|
|                 |   |   | Robert A. Kuehl

Senior Vice President and Chief Financial                            Officer |