On February 3, 2010, Park Bancorp Inc. received a letter from The NASDAQ Stock Market approving the Companys voluntary application to transfer the listing of its common stock from the NASDAQ Global Market (the Global Market) to the NASDAQ Capital Market (the Capital Market). As previously disclosed, the Company received a letter from NASDAQ on November 6, 2009 providing notice that for the 30 consecutive trading days prior to November 6, 2009, the Company had not maintained a minimum market value of publicly held shares of at least $5 million as required for continued listing on the Global Market by NASDAQ Listing Rule 5450(b)(1)(C). Prior to the expiration of the 90-day grace period provided to allow the Company to regain compliance with this Global Market continued listing standard, the Company requested, and on February 3, 2010 received approval from NASDAQ, to transfer the listing of its common stock from the Global Market to the Capital Market. Accordingly, the Companys common stock will begin trading on the Capital Market on February 5, 2010.

Park Bancorp, Inc. announced that it had received a letter from the NASDAQ Stock Market on November 6, 2009 providing notice that, for the last 30 consecutive trading days, the Companys common stock had not maintained a minimum market value of publicly held shares of at least $5 million as required for continued listing on the NASDAQ Global Market by NASDAQ Listing Rule 5450(b)(1)(C). For NASDAQ purposes, MVPHS is the market value of the Companys publicly held shares, and is calculated by subtracting all shares held by officers, directors or beneficial owners of 10% or more of the total shares outstanding. Such notification has no effect on the listing of the Companys shares at this time. NASDAQ has provided the Company 90 calendar days, or until February 4, 2010, to regain compliance with its rules. If, at any time before February 4, 2010, the MVPHS is at least $5 million for a minimum of 10 consecutive trading days, NASDAQ will provide written notification that the Company has achieved compliance with Listing Rule 5450(b)(1)(C) and the Companys shares will continue to trade on The NASDAQ Global Market. No guarantee exists that the Company will be able to regain compliance with this listing rule. The Company may elect to transfer its securities to the NASDAQ Capital Market, which has a reduced MVPHS requirement, if it satisfies the requirement for continued inclusion in that market. David Remijas, Chairman of the Company, noted that, The trading price of the Companys common stock, as well as that of many other bank holding companies, has traded at historically low price to book value ratios during the recent months. The Company remains well-capitalized and intends to actively monitor the market value for its common stock between now and February 4, 2010. We will consider available options, including application for listing in the NASDAQ Capital Market, if we can satisfy the requirements for initial listing, if necessary.

On April 21, 2009, Allen H. Koranda was appointed to the Board of Directors of Park Bancorp Inc. and Park Federal Savings Bank. Mr. Koranda was appointed as a member of the class of directors of the company whose term expires at the Company's 2010 annual stockholders meeting. The appointment of Mr. Koranda fills a vacancy created by an increase in the size of the Board. The company expects to appoint Mr. Koranda to the Board's Audit Committee after the Company's 2009 annual stockholders meeting in May.

PARK BANCORP INC Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;

Park Bancorp, Inc. Receives Nasdaq Notice of Non-Compliance with Minimum Market Value Requirement

PARK BANCORP INC Files SEC form 10-Q, Quarterly Report

PARK BANCORP INC Files SEC form 10-Q/A, Quarterly Report

PARK BANCORP INC Files SEC form 10-Q, Quarterly Report

PARK BANCORP INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits

PARK BANCORP INC Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;

PARK BANCORP INC Files SEC form 10-Q, Quarterly Report

Park Bancorp, Inc. Receives Nasdaq Notice of Non-Compliance with Minimum Market Value Requirement