Financial Snapshot
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About Ponce Financial Group Inc
Ponce Financial Group, Inc. operates as a holding company. The company is headquartered in Bronx, New York and currently employs 233 full-time employees. The company went IPO on 2017-10-02. The company operates through the administrative office and 13 full-service banking offices and five mortgage loan offices. The Bank's business primarily consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans, consisting of one-to-four family residential (both investor-owned and owner-occupied), multifamily residential, nonresidential properties and construction and land, and, to a lesser extent, in business and consumer loans. The Bank also invests in securities, corporate securities, mortgage-backed securities and Federal Home Loan Bank of New York stock. The Bank offers a variety of deposit accounts, including demand, savings, money markets and certificates of deposit accounts. The Company’s primary market area consists of the New York City metropolitan area.
Industry: Savings Institution, Federally Chartered Peers: ESSA Bancorp Inc FS Bancorp Inc Home Bancorp Inc Home Point Capital Inc. Pioneer Bancorp Inc Onity Group Inc Provident Bancorp, Inc. /MD/ Rocket Companies Inc Sterling Bancorp Inc Timberland Bancorp Inc