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Ponce Financial Group

#7629

Rank

$377.3M

Marketcap

US United States

Country

Ponce Financial Group
Leadership team

Mr. Steven A. Tsavaris (Exec. Chairman)

Mr. Carlos P. Naudon (Pres, CEO & Director)

Mr. Frank Perez CPA (Exec. VP & Chief Investor Relations Officer)

Products/ Services
Banking, Financial Services, Lending
Number of Employees
100 - 500
Headquarters
Bronx, New York, United States
Established
1960
Company Registration
SEC CIK number: 0001874071
Revenue
20M - 100M
Traded as
PDLB
Social Media
URL
https://www.poncebank.com
Overview
Location

Summary
History
Mission
Vision
Key Team
Recognition and Award
References
Summary
Ponce Financial Group, Inc. operates as the bank holding company for Ponce Bank that provides various banking products and services. It accepts various deposit products, including demand accounts, NOW/IOLA accounts, money market accounts, reciprocal deposits, savings accounts, and certificates of deposit. The company also provides one-to-four family investor-owned and owner-occupied residential, multifamily residential, nonresidential property, construction and land, commercial and industrial, business, and consumer loans; lines of credit; and paycheck protection program. In addition, it invests in securities, which consist of U.S. 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. It operates 4 banking offices in Bronx, 2 banking offices in Manhattan, 3 banking offices in Queens, and 3 banking offices in Brooklyn, New York; 1 banking office in Union City, New Jersey; and 2 mortgage loan offices in Queens, 1 mortgage loan office in Brooklyn, New York; and 1 mortgage loan office in Englewood Cliffs and 1 mortgage loan office in Bergenfield, New Jersey. Ponce Financial Group, Inc. was founded in 1960 and is headquartered in Bronx, New York.
History

The bank was founded on 20 August 1917, in Ponce, Puerto Rico, by Mario Mercado, Amador Torres, Manuel Meiriño, Augusto Quiñones, Francisco Oliver, Antonio Morales, Juan Colón, José de Jesús, Francisco Forteza and Cándido Noriega. It had a prosperous start and in 1924 it built its main office in downtown Ponce. Architecturally, the downtown structure was so prominent that it would eventually get listed as historic in the National Register of Historic Places.The Bank continued its growth and by 1961 it already had offices and branches in New York City. By 1989, it had the largest number of branches of any Puerto Rican bank in mainland United States and was the largest Hispanic bank in the United States by deposits.In 1990, Banco de Ponce merged with Banco Popular creating Puerto Rico's largest bank. Upon the merge, Banco Popular's holding company changed its name to BanPonce Corporation. At the time of the merger, Banco de Ponce had nine branches in New York to Popular's six. With this merge the new company became one of the top ten commercial banks in Latin America and one of the top fifty banks in the United States of America.

Mission
Our mission is to provide our clients with the insight, resources, and guidance they need to make smart financial decisions and reach their goals.
Vision
Our vision is to create an ever-evolving, holistic approach to financial planning that provides our clients with the resources they need to achieve their goals, while also helping them to make sound financial decisions for their futures.
Key Team

Mr. Sergio Vaccaro (Chief Financial Officer)

Mr. Ioannis Kouzilos (Chief Lending Officer & Sr. VP)

Mr. Luis Gerardo Gonzalez Jr. (Exec. VP & COO)

Ms. Elizabeth Macias (Chief Information Systems Officer & Sr. VP)

Ms. Madeline V. Marquez (Chief External Affairs Officer)

Mr. David Rodriguez (Chief Relationship Mang. & Sr. VP)

Mr. Michael Lagoudis (Sr. VP)

Recognition and Awards
Ponce Financial Group has received numerous awards, including Top Financial Planner, Best in Wealth Management, and Money Magazine's Best Financial Advisor of the Year.
References

https://en.wikipedia.org/wiki/Banco_de_Ponce

https://in.investing.com/equities/pdl-community

https://finance.yahoo.com/quote/PDLB/profile?p=PDLB

https://www.crunchbase.com/organization/pdl-community-ban

https://companiesmarketcap.com/

https://www.poncebank.com

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Ponce Financial Group
Leadership team

Mr. Steven A. Tsavaris (Exec. Chairman)

Mr. Carlos P. Naudon (Pres, CEO & Director)

Mr. Frank Perez CPA (Exec. VP & Chief Investor Relations Officer)

Products/ Services
Banking, Financial Services, Lending
Number of Employees
100 - 500
Headquarters
Bronx, New York, United States
Established
1960
Company Registration
SEC CIK number: 0001874071
Revenue
20M - 100M
Traded as
PDLB
Social Media
URL
https://www.poncebank.com