UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~January~~May 2417, 2011

PARK BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

____________________________

Delaware	000-20867	36-4082530
(State or other jurisdiction of incorporation)	(Commission file number)	(I.R.S. employer identification no.)
5400 South Pulaski Road Chicago, IL		60632 (Zip Code)
(Address of principal executive offices)

Registrant’s telephone number, including area code: (773) 582-8616

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2 below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 85.~~01 Other~~07 Submission ~~Events~~of Matters to a Vote of Security Holders.

~~Memorandum~~The Annual Meeting of ~~Understanding~~Shareholders of Park Bancorp, Inc. (the “Company”) was held on May 17, 2011. There were 1,193,174 shares of common stock entitled to be voted, and 1,041,206 shares present in person or by proxy, at the Annual Meeting.

~~Park~~Two ~~Bancorp,~~items ~~Inc. (the “Company”) entered into a Memorandum~~ of ~~Understanding~~business ~~(the~~were ~~“MOU”)~~acted ~~with~~upon ~~the~~by ~~Office~~shareholders ofat ~~Thrift Supervision (~~the ~~“OTS”)~~Annual ~~effective January 24, 2011~~Meeting. ~~Under~~ the terms of the MOU, the Company agreed with the OTS to, among other things, (1) provide the OTS with periodic cash flow plans, (2) not incur or redeem any debt or declare or pay any dividends without prior OTS approval, (3) submit any proposed Board or management changes to the OTS for prior approval, and (4) not enter into, revise or renew any existing compensation or employment agreements without OTS approval. Prior to the issuance of the MOU, the Company had already undertaken a number of the steps specified in the MOU including, but not limited to, the Company's prior suspension of dividends and redemption of stock. The ~~Company~~voting ~~believes~~results ~~that~~are itas ~~is currently in compliance with the MOU.~~follows:

~~Order~~1. Election toof ~~Cease and Desist~~Directors.

~~Effective~~Shareholders ~~January~~elected ~~24,~~all ~~2011,~~of ~~Park Federal Savings Bank (~~the ~~“Bank”), the~~ Company’s ~~savings~~nominees ~~bank~~for ~~subsidiary,~~Director ~~agreed~~for tothree-year ~~the~~terms ~~issuance~~ of an Order to Cease and Desist (the “Order”) with the OTS under which the Bank agreed to, among other things, (1) provide the OTS with a capital and business plan, (2) revise or update Bank policies relating to its allowance for loan loss, loan classification system, other real estate owned, credit concentration and administration plans and liquidity management and (3) to undertake a management review and assessmentoffice. ~~The Bank also agreed not to declare or pay any dividends or make any other capital distributions or increase its average total assets without prior OTS approval.~~

The Order replaces the supervisory agreement that the Bank entered into in September of 2007 and under which it had previously operated. The Bank has already adopted and implemented many of these requirements and intends to adopt and implement any remaining requirements within the time periods established under the Order.

	Votes For	Votes Withheld	Broker Non-Votes
John J. Murphy	620,062	54,923	366,221
Victor H. Reyes	612,957	62,028	366,221

2. Ratification of the appointment of Crowe Horwath LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2011.

Shareholders ratified the appointment of Crowe Horwath LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2011.

Votes For	Votes Against	Abstentions	Broker Non-Votes
998,891	31,290	11,025	--

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 26, 2011 PARK BANCORP, INC. By:/s/Richard J. Remijas, Jr. _ Richard J. Remijas, Jr. President and Chief Operating Officer

	PARK BANCORP, INC.

Date: May 18, 2011	By:	/s/Richard J. Remijas, Jr.
		Richard J. Remijas, Jr.
		President

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