Ponce Financial Group Says U.S. Department Of Treasury Recertifies Ponce Bank As A Community Development Financial Institution
Portfolio Pulse from Happy Mohamed
Ponce Financial Group announced that the U.S. Department of Treasury has recertified Ponce Bank as a Community Development Financial Institution (CDFI).
May 24, 2023 | 5:50 pm
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POSITIVE IMPACT
Ponce Bank, a subsidiary of Ponce Financial Group, has been recertified as a Community Development Financial Institution by the U.S. Department of Treasury.
The recertification as a CDFI by the U.S. Department of Treasury is a positive development for Ponce Bank and its parent company, Ponce Financial Group. This recertification allows the bank to continue accessing federal programs and resources aimed at promoting community development and economic growth. As a result, this news is likely to have a positive short-term impact on PDLB's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100