Ponce Financial Group Inc (PDLB)

Ponce Financial Group, Inc. is a financial holding company and the parent of Ponce Bank. Through the bank, the company provides a range of banking products and services to individuals, businesses, and nonprofit organizations. Its deposit base includes demand, NOW/IOLA, money market, individual retirement, savings, reciprocal, and certificate of deposit accounts. Lending activities cover real estate-secured loans such as one- to four-family residential, multifamily, nonresidential, construction and land, as well as commercial and industrial, business, and consumer loans. The company also maintains a securities portfolio that includes U.S. government and federal agency securities, instruments issued by government-sponsored or government-owned entities, corporate securities, mortgage-backed securities, and Federal Home Loan Bank of New York stock. Founded in 1960 and headquartered in Bronx, New York, Ponce Financial Group’s common stock trades on NASDAQ under the ticker PDLB.

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