Holding company engaged in banking and financial services through its subsidiary, Ponce Bank, primarily in New York.
Ponce Financial Group, Inc. serves as the bank holding company for Ponce Bank, offering a comprehensive suite of banking products and services to its diverse clientele. Founded in 1960 and headquartered in Bronx, New York, Ponce Financial Group provides various deposit products including demand accounts, NOW/IOLA accounts, money market accounts, reciprocal deposits, savings accounts, and certificates of deposit. These deposit options cater to both personal and business banking needs, ensuring flexibility and security for depositors.
The bank's lending portfolio is extensive, encompassing one-to-four family investor-owned and owner-occupied residential morgages, multifamily residential loans, nonresidential property loans, construction and land loans, commercial and industrial loans, business loans, and consumer loans. Ponce Financial Group supports local businesses with lines of credit and participates in government initiatives like the Paycheck Protection Program, facilitating economic growth and community development.
In addition to its banking and lending activities, Ponce Financial Group prudently manages investments in securities including U.S. Government and federal agency securities, securities issued by government-sponsored enterprises, mortgage-backed securities, corporate bonds, obligations, and Federal Home Loan Bank stock. The company operates a network of banking offices across key boroughs in New York City including Bronx, Manhattan, Queens, and Brooklyn, as well as in Union City and various mortgage loan offices in New York and New Jersey. With a commitment to personalized service and community engagement, Ponce Financial Group continues to uphold its legacy of financial stewardship and customer satisfaction in the neighborhoods it serves.