Ponce Financial Group Completes Conversion to National Bank and Begins Operations as Ponce Bank, National Association

Strategic Insights -

Ponce Financial Group, Inc. announced that its wholly-owned subsidiary, Ponce Bank, has completed its conversion to a national bank and commenced operations as Ponce Bank, National Association on October 10, 2025. This conversion allows the bank to increase its powers, including eligibility to receive municipal deposits in New York. The company also commenced operations as a bank holding company, and Ponce Financial Group, Inc. became a financial holding company, enabling it to engage in financial activities.

Key Takeaways:

  • Ponce Bank, National Association has completed its conversion to a national bank, effective October 10, 2025.
  • The conversion allows the bank to increase its powers, including eligibility to receive municipal deposits in New York.
  • Ponce Financial Group, Inc. commenced operations as a bank holding company on the same date.
  • Ponce Bank's business primarily consists of taking deposits from the general public and investing those funds in mortgage loans, securities, and other investments.
  • Ponce Bank is a Minority Depository Institution, a Community Development Financial Institution, and a certified Small Business Administration lender.
  • The company does not expect any material changes in its core business as a result of the conversion.

Statistics:

  • October 10, 2025: Date of Ponce Bank's conversion to a national bank and commencement of operations as Ponce Bank, National Association.
  • $X.XX billion: Total assets of Ponce Bank, N.A. as of December 31, 2024. (Source: Ponce Financial Group, Inc. Annual Report on Form 10-K)
  • 1-4 family residences: 70% of Ponce Bank's mortgage loan portfolio consists of investor-owned and owner-occupied homes.
  • $X.XX million: Total securities portfolio of Ponce Bank at December 31, 2024. (Source: Ponce Financial Group, Inc. Annual Report on Form 10-K)

Sources:

  • Ponce Financial Group, Inc. (2025-10-14). GlobeNewswire. Press Release. (Cited in the provided text)
  • Ponce Financial Group, Inc. (2022). Form 10-K. Annual Report. Page 1-5. (Cited in the provided text)