Ponce Financial Group, Inc. is a holding company for Ponce Bank (the Bank). The Bank is a minority depository institution, a community development financial institution, and a certified small business administration lender. The Bank’s business primarily consists of taking deposits from the general public and to a lesser extent, alternative funding sources and investing those funds, together with funds generated from operations and borrowings, in mortgage loans, consisting of 1-4 family residences (investor-owned and owner-occupied), multifamily residences, nonresidential properties, construction and land, and, to a lesser extent, in business and consumer loans. The Bank also invests in securities, which consist of United States Government and federal agency securities and securities issued by government-sponsored or government-owned enterprises, as well as, mortgage-backed securities, corporate bonds and obligations, and Federal Home Loan Bank stock.
