In the Community. Of the Community. For the Community.

We’re on a mission to prove that Community Banking is a powerful engine for social equity.

Our Purpose

Bank with PonceBankDirectSM and be a part of a revolution that's bringing purpose-led banking to the forefront of our country's financial system.

PonceBankDirectSM shares the heart and the purpose that's made Ponce Bank a New York City Anchor institution with customers all over the country.

Be Cool. Bank Local. Wherever you live!

Ponce Bank Direct℠ - our digital-only banking division launched in 2024,

Here’s what we’ve accomplished to-date:

  • Expanded our reach to customers in 50 states
  • Introduced competitive CD products to help you grow your money
  •  Launched small business lending options through partnerships with the Small Business Administration (SBA), to support the growth and success of entrepreneurs and business owners  
  •  Enhanced our digital tools to make account opening and management simpler and more rewarding  
  • Grew deposits to over $50M and counting 

Our History

Ponce Bank was born in the Bronx NYC, (birthplace of hip-hop and hotbed of creativity and cultural pride) back in 1960 to bring banking, financial education, and community support, to immigrant communities and people of color all over the New York City Metro area. That mission continues today, and you can be part of it, wherever you live and whenever you like to do your banking, with PonceBankDirectSM, our new all-digital banking platform.

Bank with a CDFI.

Ponce Bank earned the Community development financial institution (CDFI) distinction by investing over 75% of our loans in the communities we serve. Our CDFI designation from the US Department of the Treasury certifies our role as an investor in the future of underbanked communities.

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#1 in Housing Focus

Category

Ponce Bank is ranked among the top CDFIs1

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#2 in Loans in LMI Communities

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#5 in Total Loans

CDFIs Invest Money in Your Community

CDFIs use the deposits from customers to make loans that support local businesses and finance the dream of home ownership within the community. By lending your dollars here in the com-munity, we help your neighbors grow and thrive. So when customers bank with Ponce Bank, they’re putting money right back into your own neighborhood.

CDFIs Are Engines for Social Justice

CDFIs were founded as part of the Community Reinvestment Act of 1977. We combat the systematic disenfranchisement of people based on race, origin, or where they live, by addressing the inequalities in banking and economic development.

CDFIs Are Accountable

CDFIs are mandated and monitored to dedicate at least 60% of their lending to low- and low-to-moderate income (LMI) communities in order to achieve this certification. Historically, more than 75% of Ponce Bank’s lending has been in LMI designated communities, easily surpassing the CDFI mandated 60% minimum.

We invest in local folks. We invest in your neighborhoods.

75%

of loans

We invest over 75% of our loans in low to moderate income neighborhoods.
60+

Years of Service

We have served the New York City Metro Area for more than 60 years.
#1

Nationwide

National Community Investment Fund rated us #1 for lending in low to moderate income communities among Community Development Financial Institutions.1
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Proud to Be Designated a Minority Depository Institution (MDI)

We’re proud to be one of fewer than 40 banks in the US to be certified both CDFI and MDI.

A majority of our board of directors are minorities, and we serve predominantly minority communities. We are committed to bringing concierge-level banking service to people that most banks ignore.
A majority of our Ponce Bankers speak Spanish and throughout our Ponce network we speak over a dozen other languages too!

1National Community Investment Fund Ratings Report June 2022.