Ponce Financial Group IncNASDAQ PDLB Stock Report

Ponce Financial Group, Inc. operates as a holding company. The company is headquartered in Bronx, New York. The company went IPO on 2017-10-02. The Bank operates as a minority depository institution, community development financial institution and 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 and 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.