Ponce Financial Group, Inc. to Commence Stock Offering (PDLB)

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Go back to Ponce Financial Group, Inc. to Commence Stock Offering (PDLB)

Ponce Financial Group, Inc. to Commence Stock Offering

November 16, 2021 9:16 AM EST

NEW YORK, Nov. 16, 2021 (GLOBE NEWSWIRE) -- PDL Community Bancorp (PDL) (NASDAQ: PDLB), the holding company for Ponce Bank (the Bank) and Mortgage World Bankers, Inc. (Mortgage World), today announced that Ponce Financial Group, Inc., a Maryland corporation, the proposed new holding company for the Bank and Mortgage World (Ponce Financial), and Ponce Bank Mutual Holding Company have received approval from the Board of Governors of the Federal Reserve System to commence Ponce Financials stock offering in connection with Ponce Bank Mutual Holding Companys proposed second-step conversion. The registration statement relating to the sale... More