Your Neighbor – Ponce Bank
originally known as Ponce De Leon Federal Savings and Loan Association, was founded in the Bronx in 1960 at a time when most banks had abandoned the community. Each day since our founding we have stayed true to the intentions of our founders, to provide access to capital for the community they were a part of. For over 60 years Ponce Bank has grown in partnership with our neighbors. Today Ponce Bank is a Community Development Financial Institution (CDFI), a Minority-Depository Institution (MDI), SBA lender, and publicly traded on the NASDAQ exchange. (Ticker. PDLB) PONCE BANK
We are: De la comunidad. En la comunidad. Para la comunidad. Of the community. In the community. For the community.
OUR MISSION AND PURPOSE
At Ponce Bank we help our neighbors prosper by providing banking services, financial education, and community building initiatives and partnerships that allow them to dream and achieve vibrant futures. We’re on a mission to prove that community banking is a powerful engine for social equity. We believe these values pave a path towards prosperity for all our stakeholders, including shareholders, customers, neighbors, and friends.
OUR COMMUNITY
Median Household
# Persistent Poverty Tracts 4
Poverty Rate 26.91% 18.97% 15.79% 11.69% 14.16% 1
Unemployment Rate 6.8% 5.5% 4.6% 4.6% 4.4% 2
# of Branches
Income $47,036 $74,692 $99,880 $82,431 $86,854 3
County Bronx County, NY* Kings County, NY* New York County, NY Queens County, NY Hudson County, NJ
4 3 2 3 1
183/339 201/761 77/288 23/669 17/166
* A CDFI Fund Persistent Poverty County in 2023
TOP RATED
Of 197 CDFI banks rated in the National Community Investment Fund, 2023 Year End CDFI Banking Industry Peer Group Report, Ponce Bank rated as Quadrant 1, signifying “high social performance.”
“Underseved but highly deserving!”
#6
#1
-Carlos Naudon, Ponce Bank President & CEO
In Assets, Loans, and Deposits of the largest CDFI Banks with branches located in LMI census tracts In total Loans among all CDFI banks nationwide
of the 20 largest CDFI Banks in Housing Focus
#2
Estimated percent of all people that are living in poverty as of 2018–2022. PolicyMap (based on data from Census: US Bureau of the Census, American Community Survey). Accessed May 22, 2024. http://www.policymap.com. 1. Unemployment rate in 2023. PolicyMap (based on data from BLS: BLS Local Area Unemployment Statistics, available at http://www.bls.gov/lau/#tables). Accessed June 24, 2024. http://www.policymap.com. 2. Estimated median income of a household, between 2018–2022. PolicyMap (based on data from Census: US Bureau of the Census, American Community Survey). Accessed June 24, 2024. http://www.policymap.com. 3. Concentrated persistent poverty, as of 2019. PolicyMap (based on data from Census, Brown University, and PolicyMap: Data downloaded from https://s4.ad.brown.edu/Projects/Diversity/Researcher/LTDB.htm, June 2023). Accessed May 22, 2024. http://www.policymap.com 4.
In total Assets among all CDFI banks nationwide
in DLI – HMDA lending activities in LMI tracts in Assets, Deposits, and Loans
1
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