Nicholas Pantilione
About Nicholas Pantilione
Senior Vice President and Chief Lending Officer at Parke Bancorp (PKBK). He joined via internship in 2005 and began full-time in 2009; he currently manages the Bank’s lending staff (7 people: 4 loan officers and 3 underwriters) and also oversees Business Development and Marketing (3 BDOs and 1 Marketing Director). He holds a BS in Finance from Stockton University and is the son of CEO Vito S. Pantilione, a governance consideration for independence and succession planning . Company performance context: net income declined from $41.823M (FY2022) to $27.512M (FY2024), and cumulative TSR in the SEC pay-versus-performance disclosure translated a hypothetical $100 investment to $152 in 2022 and $151 in 2023 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Parke Bancorp/ Parke Bank | Intern (while attending Rowan University) | 2005 | Early exposure to bank operations; pipeline to lending |
| Parke Bancorp/ Parke Bank | Lending roles → Senior Vice President & Chief Lending Officer | 2009–present | Leads lending, manages 7-person team; runs Business Development & Marketing (3 BDOs, 1 Marketing Director) |
External Roles
No external directorships or public-company roles disclosed for Nicholas Pantilione in PKBK’s proxy statements .
Fixed Compensation
Not disclosed for Nicholas Pantilione (he is not included among PKBK’s named executive officers (NEOs) in the Summary Compensation Table for 2022–2024; NEOs are CEO Vito S. Pantilione, COO Ralph Gallo, SVP/Credit Paul Palmieri, and CFO Jonathan Hill) .
Performance Compensation
Not disclosed for Nicholas Pantilione; proxy indicates no non-equity incentive compensation for NEOs in presented periods, but Nicholas is not an NEO and therefore his incentive structure is not detailed in the filings .
Equity Ownership & Alignment
| Metric | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|
| Shares Beneficially Owned (#) | 13,495 | 19,430 | 24,430 |
| Percent of Class | <1% | <1% | <1% |
- No explicit disclosure of Nicholas’s vested vs. unvested share breakdown or options; NEO option tables do not include Nicholas (as he is not an NEO) .
- Policy risk: PKBK has not adopted anti-hedging or anti-pledging policies for directors and officers; pledging is permitted. A footnote indicates 50,000 shares pledged by Director Dobson; no pledging disclosures for Nicholas .
Employment Terms
| Clause | Term / Value | Notes |
|---|---|---|
| Change-in-Control Severance | 1.5x most recent salary + bonus | Under Management Change in Control Agreement implemented for Nicholas as SVP & Chief Lending Officer in prior disclosure; also 18 months reimbursement for medical/dental/life premiums; subject to 280G limits |
| CIC Agreement Status in 2024 Proxy | Not listed among CIC agreements (only Gallo and Palmieri noted) | 2024 proxy references CIC agreements for Gallo (1.5x) and Palmieri (2.5x), omits Nicholas; current status not specified in that filing |
| Stock Trading Policy | Adopted; filed as exhibit to 10-K | Framework for insider trading compliance; details not enumerated in proxy |
Company Performance Context
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Net Income - (IS) (USD) | $41,823,000 | $28,462,000 | $27,512,000 |
| PVP Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Cumulative TSR – Value of $100 Investment | $148 | $152 | $151 |
Investment Implications
- Retention and CIC economics: Nicholas previously had a CIC agreement providing 1.5x salary+bonus and 18 months of benefits, indicating potential retention costs in an M&A event; 2024 proxy omits him from CIC listings, leaving status uncertain and warranting monitoring in future filings .
- Alignment and selling pressure: Ownership has increased from 13,495 (2022) to 24,430 shares (2024), but remains <1% of shares outstanding; limited disclosure on options/RSUs suggests low scheduled vesting-related selling pressure visible in filings, though Form 4 monitoring is advisable for near-term signals .
- Governance risk: Familial relationship to CEO (son) can create perceived conflicts and succession/independence considerations; combined with the company’s allowance of hedging/pledging, governance posture is below best-practice norms and may be viewed as a risk by some investors .
- Execution lens: As Chief Lending Officer responsible for originating and managing credit, his performance influence maps to loan growth and credit quality; against a backdrop of declining net income (FY2022–FY2024), credit discipline and margin management are key levers to track through quarterly disclosures and credit performance commentary .