Ponce Bank
NY
- UEI
- H23WP1DMUXA3
- CAGE
- 8VXV9
- Primary NAICS
- Not on record
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- SAM.gov registration date
- Physical address
- 2244 Westchester Ave, The Bronx, NY 10462, USA
- Website
- poncebank.com
- Founded
- 1960
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
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About the company
Ponce Bank is a minority-owned, Hispanic American-owned, for-profit community bank headquartered in The Bronx, New York, with a focus on supporting economic development in underserved communities. Registered in SAM.gov since October 2021, the bank provides financial services and community development support, primarily targeting minority-owned businesses and individuals in economically distressed areas. As a Community Development Financial Institution (CDFI), Ponce Bank specializes in providing capital access, financial services, and targeted investments to communities with significant unmet financial needs.
Through federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund), Ponce Bank has received multiple project grants aimed at expanding community development financing and building organizational capacity. The bank has been awarded four notable grants: a $1,285,000 CDFI Program Project Grant in September 2024, a Bank Enterprise Award (BEA) Program grant in September 2023, a $3.718 million Equitable Recovery Program (ERP) grant in April 2023, and a Rapid Response Program grant in June 2021. These grants collectively support the bank's mission to increase lending, grant-making, and investment activities in low- and moderate-income communities, with a particular emphasis on minority-owned businesses impacted by the COVID-19 pandemic. The funding enables Ponce Bank to expand its capital access programs, strengthen its operational capacity, invest in new technology and staff, and drive economic revitalization in targeted communities through strategic financial services and support.
Quick answers
Is Ponce Bank registered in SAM.gov?
Yes. Ponce Bank's SAM.gov registration is active through October 13, 2027.
What is Ponce Bank's most recent federal award?
Ponce Bank's most recent federal grant award is To promote economic revitalization and community development through investment in and financial assistance to… (241FA065450G), from Community Development Financial Institutions Fund, on September 26, 2024.
On GovTribe
See Ponce Bank's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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