Ponce Financial Group, Inc.

Ponce Financial Group, Inc. operates as a bank holding company for Ponce Bank, a federally chartered savings institution providing retail and commercial banking services primarily in the New York area. The company offers a range of deposit products to individuals, businesses, and non-profit organizations, including demand accounts, money market accounts, certificates of deposit, and individual retirement accounts. It also provides reciprocal deposits through a network arrangement to broaden funding sources.

The company's lending portfolio centers on real estate-secured loans across multiple categories, including one-to-four family residential properties, multifamily residential buildings, nonresidential commercial properties, construction and land development loans, as well as commercial and industrial loans. Consumer lending and business loans complement its real estate focus. On the investment side, Ponce Financial maintains a securities portfolio consisting of U.S. government and federal agency securities, mortgage-backed securities, corporate debt instruments, and equity holdings in the Federal Home Loan Bank of New York.

Founded in 1960 and headquartered in Bronx, New York, the company operates with approximately 216 full-time employees. Ponce Financial is incorporated in Maryland and trades on Nasdaq, serving customers primarily in the New York metropolitan region through its retail and commercial banking operations.