Ponce Bank
Ponce Bank is a CDFI- and MDI-designated community bank founded in 1960 in the Bronx, serving Latino, immigrant, and LMI communities across the NYC metro area with retail, commercial, SBA, mortgage, cannabis, and nonprofit banking products and reinvesting over 80% of deposits locally.
- Company typePublic
- Founded1960
- HeadquartersBronx, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Ponce Bank does
Ponce Bank, founded in 1960 in the Bronx by Puerto Rican activists, is a community-focused commercial bank that has operated as Ponce Bank, National Association since converting to a national charter on October 10, 2025. It holds both Community Development Financial Institution (CDFI) and Minority Depository Institution (MDI) designations — a combination held by fewer than 50 U.S. banks — and reinvests more than 80% of deposits back into low- and moderate-income (LMI) and immigrant communities across the NYC metro area. The bank is a wholly-owned subsidiary of publicly traded Ponce Financial Group, Inc. (NASDAQ: PDLB), serving retail customers, small businesses, nonprofits, cannabis-related businesses, and first-time homebuyers through 13 branches across the Bronx, Brooklyn, Manhattan, Queens, and Union City NJ, plus a Coral Gables FL representative office and dedicated mortgage offices in Flushing NY and Bergenfield NJ. Total assets reached $3.30 billion as of March 31, 2026.
The bank's product set spans the full retail and commercial banking stack: consumer checking, savings, MMDA, CDs, and IRA accounts; three tiers of business checking (Simply Free, Business Interest, Commercial); SBA loans, residential and commercial mortgages, merchant services, cash management, and a vertically specialized cannabis banking program. Digital channels are built on the branded TouchBanking mobile app — featuring biometric login, debit card controls, Zelle P2P, and integrated location-based fraud detection — and on the Ponce Bank Direct digital channel for SBA and mortgage applications. Distribution is augmented by participation in the MoneyPass ATM network and reciprocal fee-free access at Citibank and Bank of America branches, and by national deposit-gathering through the Raisin (formerly SaveBetter) marketplace.
Revenue is generated primarily through net interest income on a $2.70B loan portfolio (Q1 2026 NII of $28.2M, NIM 3.61%) supplemented by transaction fees on deposit accounts, debit cards, and merchant services. Customer acquisition is community-led: bilingual relationship banking in Latino and immigrant neighborhoods is reinforced by the Ponce De Leon Foundation (which has awarded $3M+ to 145+ nonprofits), the Small Business Bootcamp (100+ graduates), the Financial Mastery educational series, and GTM partnerships with the Bronx and Brooklyn Chambers of Commerce, NYC Hispanic Chamber of Commerce, BOC Network, and offices of multiple borough presidents.
Ponce Bank firmographics
Firmographics- Name
- Ponce Bank
- Legal name
- Ponce Bank N.A.
- Website
- https://poncebank.com
- Company type
- Public
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Ponce Bank is a CDFI- and MDI-designated community bank founded in 1960 in the Bronx, serving Latino, immigrant, and LMI communities across the NYC metro area with retail, commercial, SBA, mortgage, cannabis, and nonprofit banking products and reinvesting over 80% of deposits locally.
- Ownership category
- akta.pro rank
Ponce Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221), Commercial Banking (52211)
- SIC
- National Commercial Banks (6021), Savings Institution, Federally Chartered (6035), State Commercial Banks (6022)
- akta.pro primary industry
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
- akta.pro secondary industries
- Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL)
Keywords
Where Ponce Bank is headquartered
LocationHeadquarters
- HQ city
- Bronx
- HQ country
- United States
- HQ region
- North America
Offices18 records
Markets served
Ponce Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Primary revenue driver for the commercial bank; Q1 2026 net interest income reached $28.2 million (+27.1% YoY) on a 3.61% net interest margin, driven by loan growth to $2.70 billion in net loans receivable and deposit growth of $87.2 million sequentially. Includes interest earned on consumer, commercial, residential, SBA, and cannabis loans.
- Non-Interest Income: Fees from deposit account services, debit cards, merchant services, cash management, online banking, and other banking service charges. Q1 2026 non-interest income declined $1.4 million sequentially.
- Business & Commercial Banking Fees: Monthly service charges, transaction-item fees (e.g., 15¢ per item on Commercial Checking), cash deposit fees (50¢ per $1,000), and merchant services revenue from business banking customers.
- Mortgage and Loan Origination: Revenue from residential mortgage, commercial lending, and SBA loan origination, plus interest spread on the resulting loan portfolio. Includes FHA, conventional, and non-traditional loan programs for first-time homebuyers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Simply Free Checking: no monthly fees, $50 minimum opening deposit, no minimum balance |
| Other | Monthly | Interest Checking products (Direct, Premium, Preferred, 50+) |
| Other | Monthly | Money Market and Investor's Special MMDA |
| Unit Pricing | Multi-year contract | Certificates of Deposit (CDs): 1-60 month terms |
| Unit Pricing | Multi-year contract | IRA CDs and Savings |
| Freemium | Monthly | Simply Free Business Checking |
| Other | Monthly | Business Interest Checking |
| Other | Monthly | Commercial Checking |
| Other | Monthly | Non-Profit Business Checking |
| Other | Annual | Ponce De Leon Foundation Grants (separate from deposit pricing) |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
Ponce Bank product offering
Product offeringCore offering
Ponce Bank is a community-focused commercial bank that provides personal and business deposit accounts (checking, savings, money market, CDs, IRAs), consumer and commercial loans, residential and commercial mortgages, SBA lending, cannabis banking, merchant services, and cash management to individuals, small businesses, and nonprofit organizations. The bank operates 13 branches across the NYC metro area plus a Florida representative office, complemented by online and mobile banking through its branded TouchBanking platform. It is one of fewer than 50 U.S. banks holding dual CDFI and Minority Depository Institution (MDI) designations, reinvesting more than 80% of deposits into low- and moderate-income communities.
Differentiator
Problem solved
Functional benefit
Brands
- Ponce De Leon Foundation: Foundation established by Ponce Bank to provide FDIC-insured grants to nonprofit organizations in the communities served by the bank.
- Ponce Bank Small Business Bootcamp (PBSBBC)
- Ponce Financial Mastery Program
- Ponce Radio
- PDL Foundation
Products and services
- Personal Checking Suite of consumer checking accounts including Simply Free Checking (no monthly fees, no minimum balance, $50 opening deposit), Premium Interest Checking, Direct Interest Checking, 50+ Interest Checking, and Preferred Checking for individual customers.
- Savings and Money Market Accounts Personal savings products including Passbook Savings, Ponce Savings ($100 minimum), Youth Passbook/Statement, Vacation Club, Holiday Club, Lease Security, Money Market, Investor's Special MMDA, and CDFI Money Market.
- Retirement (IRA) Accounts Individual Retirement Accounts available as CDs with 1-60 month terms plus an IRA Savings option, with rates published on the Deposit Rates page.
- Certificates of Deposit (CDs) Personal and IRA CDs with terms from 1-2 months up to 60 months. Minimum balance to open is $500 for 1-6 month CDs and $1,000 for 12-60 month CDs. Promotional offerings include a 7-month CD at 4.00% APY and a 13-month CD Inwood Branch Special at 4.25% APY.
- Business Checking Three-tier business checking portfolio: Simply Free Business Checking (no monthly service charge, up to 1,000 free monthly transaction items, up to $10,000 in monthly cash deposits), Business Interest Checking (0.05% APY), and Commercial Checking ($15 monthly service charge, 15¢ per transaction item).
- Business Savings and Money Market Business savings and money market accounts, including Investor's Special MMDA Business, designed to put idle cash balances to work for commercial customers.
- Business Loans Commercial lending products offered through Ponce Bank relationship managers to fund growth, working capital, and expansion for established businesses.
- Cannabis Banking Specialized business banking services tailored to cannabis-related businesses (dispensaries, cultivators, processors), supporting an industry segment typically underserved by mainstream banks.
- Cash Management Business cash management tools to streamline operations for commercial account holders.
- Economic State Development (ESD) Program State development-linked programs including CAP, CFP, and Link deposit facilitated through NYS Empire State Development Corp to support small businesses, MWLDBE contractors, and the SDVOB community.
- Merchant Services Payment processing and merchant solutions for business customers to accept card and electronic payments.
- Nonprofit Services Dedicated banking support for nonprofit organizations, including the Nonprofit Business Checking account (1.73% APY) with no minimum balance to open, plus capacity-building resources and Ponce De Leon Foundation grant access.
- SBA Loans U.S. Small Business Administration loan programs delivered through Ponce Bank Direct; governed by SBA terms, rates, and conditions.
- Residential Lending (Mortgages) Mortgage programs for first-time homebuyers and seasoned investors, including programs for non-traditional applicants with multilingual representatives available.
- Commercial Lending Commercial mortgage and lending products for business real estate and capital needs, delivered via Ponce Bank Direct and branch mortgage offices.
- Ponce Bank Direct Digital channel providing SBA loans and direct lending products to customers beyond the branch footprint.
Quantifiable outcome
- More than 80% of deposits reinvested back into the communities served
- +6 more outcomes
Companies that use Ponce Bank
Customer profileNamed customers5 records
Segments7 records
Ideal customer profiles5 records
Ponce Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
Ponce Bank partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core, moderate and flagship.
- MoneyPass ATM NetworkcorePonce Bank is a participant in the MoneyPass registered network, providing 35,000+ fee-free ATMs to its customers (60,000+ cited in FAQ).
- Citibank / Bank of AmericacoreReciprocal fee-free ATM access at Citibank branches and Bank of America branches for Ponce Bank customers.
- FiservcoreFiserv co-funded a Small Business Bootcamp graduate grant for Yummy Tummy4Life owner Melissa Groneveldt; Fiserv also powers Ponce's merchant services and digital banking infrastructure (First Data / Fiserv is the underlying processor).
- Raisin (formerly SaveBetter)moderatePonce Bank savings products are offered on the Raisin.com deposit marketplace, allowing national customers to open Ponce savings accounts through Raisin's platform (managed by the Raisin team).
- Zelle (Early Warning Services / bank consortium)moderatePonce Bank is integrated with the Zelle network for person-to-person payments, accessible via online and mobile banking.
- BOC Network and BOC Women's Business CenterflagshipCommunity partner supporting Ponce's Financial Mastery Program, Nonprofit Grassroots Program, and Protecting Your Legacy series; acknowledged in program thank-you lists across multiple pages.
- Bronx Economic Development CorporationflagshipCommunity and economic development partner supporting Ponce's Financial Mastery educational programs and small business outreach in the Bronx.
- Bronx Chamber of CommerceflagshipChamber of commerce partner supporting Ponce's Financial Mastery, Small Business Bootcamp, and Protecting Your Legacy programming.
- Brooklyn Chamber of CommerceflagshipChamber of commerce partner for Ponce's Financial Mastery Series and small business outreach in Brooklyn.
- New York City Hispanic Chamber of CommerceflagshipHispanic chamber partner supporting Ponce's mission-driven banking initiatives and women-in-leadership events in the Latino business community.
- New York Women's Chamber of CommercecoreChamber partner supporting Ponce's Financial Mastery Series and women's entrepreneurship programming.
- Office of The Bronx Borough PresidentflagshipGovernment partner supporting Ponce's Financial Mastery programming, Protecting Your Legacy series, and Small Business Bootcamps in the Bronx.
- Office of Manhattan Borough PresidentcoreGovernment partner supporting Ponce's Financial Mastery Series and Nonprofit Grassroots Program outreach in Manhattan.
- All Hallows High SchoolcoreEducational partner for the Ponce Bank Scholars program — Ponce provides $1,000 tuition assistance scholarships to All Hallows students (5 scholars named for 2023-24 cohort).
- Ponce De Leon FoundationflagshipWholly-affiliated nonprofit foundation endowed by Ponce Bank (post-2017 restructuring). Provides $5,000-$30,000 grants to 501(c)(3) nonprofits in Bronx, Brooklyn, Manhattan, Queens, and Union City NJ across arts, education, housing, healthcare, economic development, social services, youth, and seniors. Has supported 145+ organizations with $3MM+ awarded.
- Independent Community Bankers of America (ICBA) — Minority Institutions CouncilcoreCarlos Naudon serves as Chairman of the Minority Institutions Council of the ICBA; provides Ponce with industry advocacy and peer support among minority depository institutions.
- Office of the Comptroller of the Currency (OCC) — Minority Depository Institutions Advisory Committee (MDIAC)
Scale indicators20 records
Recent moves7 records
Expansion highlights6 records
Ponce Bank competitors and assessment
Company assessmentDirect peers
- Broadway Financial (dba City First Bank): LA-based CDFI/MDI bank focused on low-income and minority communities; shares the dual CDFI/MDI designation and the public small-cap community bank profile that defines Ponce's regulatory and capital structure.
- First Independence Bank: Detroit-based CDFI and MDI community bank with similar minority-led, community-focused banking mandate and comparable size profile; useful benchmark for MDI economics and growth trajectory.
- Amalgamated Bank: NYC-based mission-driven bank serving progressive causes, unions, nonprofits, and small businesses; directly comparable customer segments (nonprofits, LMI consumers) and overlap with Ponce in the NYC metro deposit market.
- Carver Bancorp: Harlem-based CDFI and MDI community bank serving similar African American and immigrant communities with a comparable deposit and small business lending model, providing the closest publicly traded analog to Ponce's mission.
- Beneficial State Bank: West Coast CDFI bank with a comparable mission-aligned, community-reinvestment-focused operating model; useful for benchmarking CDFI deposit and loan economics against a peer of similar asset size.
Emerging players
- Self-Help Federal Credit Union: Mission-driven community development lender (credit union rather than bank) that competes for similar LMI, immigrant, and small business deposits and loans; useful for understanding the broader community development finance competitive landscape.
- Spring Bank: Bronx-based CDFI community bank with a similarly small footprint, LMI focus, and mission-driven lending model; closest pure-play small-scale CDFI comparable in Ponce's home geography.
Broad incumbents
- Dime Community Bank: Long Island-based community bank competing for similar deposit and small business relationships in the NYC metro area; offers a comparable retail/community banking benchmark, though without the CDFI/MDI mandate.
- Flagstar Financial (Flagstar Bank): Larger community and commercial bank with overlapping mortgage, small business, and consumer banking capabilities in the NYC metro and national markets; provides a scale benchmark for community banking economics.
- New York Community Bancorp (Flagstar): Large regional community bank with deep NYC metro presence; benchmark for deposit pricing, multifamily and commercial lending, and the regulatory/operational complexities that come with serving the same geographic market as Ponce.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Ponce Bank social profiles
Digital presencePonce Bank compliance and trust
Trust signalCompliance8 records
Ponce Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ponce Bank leadership team
Management profileNumber of profiles
Profiles4 records
Ponce Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Ponce Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ponce Bank M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ponce Bank
What does Ponce Bank do?
Ponce Bank is a community-focused commercial bank that provides personal and business deposit accounts (checking, savings, money market, CDs, IRAs), consumer and commercial loans, residential and commercial mortgages, SBA lending, cannabis banking, merchant services, and cash management to individuals, small businesses, and nonprofit organizations. The bank operates 13 branches across the NYC metro area plus a Florida representative office, complemented by online and mobile banking through its branded TouchBanking platform. It is one of fewer than 50 U.S. banks holding dual CDFI and Minority Depository Institution (MDI) designations, reinvesting more than 80% of deposits into low- and moderate-income communities.
Is Ponce Bank a public or private company?
Ponce Bank is a public company. It is classified as public and is currently operating.
When was Ponce Bank founded?
Ponce Bank was founded in 1960. It employs 101 to 250 people.
Where is Ponce Bank based?
Ponce Bank is headquartered in Bronx, United States, in the North America region.
How does Ponce Bank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income, business & Commercial Banking Fees and mortgage and Loan Origination.
Who are Ponce Bank's main competitors?
Direct peers on record are Broadway Financial (dba City First Bank), First Independence Bank, Amalgamated Bank, Carver Bancorp and Beneficial State Bank. Emerging players are Self-Help Federal Credit Union and Spring Bank. Broad incumbents are Dime Community Bank, Flagstar Financial (Flagstar Bank) and New York Community Bancorp (Flagstar).
Does Ponce Bank have an API?
No public API is recorded for Ponce Bank.
What industry is Ponce Bank in?
Ponce Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor), with a secondary code of FSABALAE, Deposit Operations (Account Maintenance, Fees, Reconciliations). Its NAICS code is 522110 and its SIC code is 6021.