Park Bancorp Exploring Strategic Alternatives

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On October 11, 2011, the Board of Directors of Park Bancorp (NASDAQ: PFED) announced that the Company has retained the investment banking firm of Keefe, Bruyette & Woods, Inc. to assist the Company and its banking subsidiary, Park Federal Savings Bank, in exploring and evaluating its strategic alternatives to enhance stockholder value, which may include (but may not be limited to) a possible sale, merger or other business combination involving the Company and/or the Bank, or the continued execution of the Company's business plan.

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