PDL Community Bancorp (PDLB) News
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Latest PDLB News From Around the Web
Below are the latest news stories about PDL Community Bancorp that investors may wish to consider to help them evaluate PDLB as an investment opportunity.
Ponce Bank Receives $1,826,265 in Federal Economic Relief Funds To Aid Lending to Small Businesses in Communities in The Bronx, Manhattan, Brooklyn, Queens and Union City, New JerseyNEW YORK, June 21, 2021 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the Company) is pleased to announce that on June 15, 2021, Ponce Bank (the Bank), a subsidiary of the Company and the community bank champion of families and small and medium-sized businesses in underserved communities, was informed by the United States Department of the Treasury that it will receive $1,826,265 in federal Economic Relief Funds for Small Businesses. Ponce Bank, a Community Development Financial Institution (CDFI) and a Minority Depository Institution (MDI), focuses on underserved communities in The Bronx, Manhattan, Brooklyn, Queens, New York and Union City, New Jersey. |
Ponce Bank Receives $1,826,265 in Federal Economic Relief Funds To Aid Lending to Small Businesses in Communities in The Bronx, Manhattan, Brooklyn, Queens and Union City, New JerseyNEW YORK, June 21, 2021 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the “Company”) is pleased to announce that on June 15, 2021, Ponce Bank (the “Bank”), a subsidiary of the Company and the community bank champion of families and small and medium-sized businesses in underserved communities, was informed by the United States Department of the Treasury that it will receive $1,826,265 in federal Economic Relief Funds for Small Businesses. Ponce Bank, a Community Development Financial Institution (“C |
PDL Community Bancorp closes sale and leaseback of real propertyNo summary available. |
PDL Community Bancorp Announces Completion of Sale and Leaseback of Real PropertyNEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the Company) announces that on June 4, 2021, Ponce Bank (the Bank), a subsidiary of the Company, completed the previously disclosed sale of real property that the Bank owned, located at 5560 Broadway, Bronx, New York (the Real Property). The sale price of the Real Property was $5.7 million. The net book value of the Real Property as of April 30, 2021 was $1.1 million. As a result of the sale of the Real Property, the Company anticipates realizing a pre-tax gain of approximately $4.2 million. |
PDL Community Bancorp stock soars 27% on conversion planNo summary available. |
PDL Community Bancorp Announces 2020 Fourth Quarter ResultsNEW YORK, March 08, 2021 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the “Company”) (NASDAQ: PDLB), the financial holding company for Ponce Bank (the “Bank”) and Mortgage World Bankers, Inc. (“Mortgage World”), reported net income of $1.6 million, or $0.10 per basic and diluted share, for the fourth quarter of 2020, compared to net income of $4.0 million, or $0.24 per basic and diluted share, for the prior quarter and net loss of ($7.5 million), or ($0.43) per basic and diluted share, for the fourth quarter of 2019. The Company’s net income for the year ended December 31, 2020 was $3.9 million, or $0.23 per basic and diluted share, compared to net loss of ($5.1 million), or ($0.29) per basic and diluted share, for the year ended December 31, 2019. Ponce Bank is a federal stock savings as... |
Ponce De Leon Foundation Announces Grant AwardsBRONX, N.Y., Dec. 31, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of the Ponce De Leon Foundation is pleased to announce it has awarded a total amount of $375,000 to nonprofits that are making a difference in our communities. Since its inception in 2017, the Foundation has granted over $1 million in grants. Madeline V. Marquez, Executive Director of the Ponce De Leon Foundation, stated, “We are honored to support these organizations during the challenging times of COVID-19.” Carlos P. Naudon, President and Director of the Ponce De Leon Foundation, stated, “COVID-19 has proven that non-profits are ever so important in the well-being of our communities.” Steven A. Tsavaris, Chairman of the Ponce De Leon Foundation, stated, “The way our communities have pulled together and our non-pro... |
PDL Community Bancorp Announces that PFS Service Corp. entered into a Contract of Sale of Real PropertyNEW YORK, Dec. 31, 2020 (GLOBE NEWSWIRE) -- On December 22, 2020, PDL Community Bancorp (the “Company”), through PFS Service Corp. (“PFS”), the service company of its subsidiary Ponce Bank (the “Bank”), entered into a contract of sale and leaseback of the real property that PFS owns located at 3821 Bergenline Avenue, Union City, New Jersey (the “Real Property”). The purchase price for the Real Property is $2.4 million. PFS’ carrying value of the Real Property as of December 22, 2020 was $512,000. It is anticipated that there will be additional expenses incurred during the closing of the transaction. In the leaseback transaction, the Bank will lease back the Real Property for an initial term of 15 years and will have four optional terms of five years each. The initial base annual rent w... |
PDL Community Bancorp Announces Share Repurchase ProgramNEW YORK, Dec. 11, 2020 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the “Company”) announced today that its Board of Directors has adopted a share repurchase program intended to enhance shareholder value effective December 14, 2020. Under the repurchase program, the Company may repurchase up to 852,302 shares of its common stock, or approximately 5% of the issued and outstanding shares. The repurchases will be made in accordance with a pre-arranged stock repurchase plan adopted by the Company in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, as well as from time to time through privately negotiated transactions at prevailing market prices, depending on market conditions. Repurchases under the Company’s 10b5-1 plan, administ... |
PDL Community Bancorp Announces 2020 Third Quarter ResultsNEW YORK, Nov. 02, 2020 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the “Company”) (NASDAQ: PDLB), the financial holding company for Ponce Bank (the “Bank”) and Mortgage World Bankers, Inc. (“Mortgage World”), reported net income of $4.0 million, or $0.24 per basic and diluted share, for the third quarter of 2020, compared to a net loss of ($571,000), or ($0.03) per basic and diluted share, for the prior quarter and net income of $709,000, or $0.04 per basic and diluted share, for the third quarter of 2019. Ponce Bank is a federal stock savings association with 13 branches in the New York City metropolitan area, including one in Union City, New Jersey. The Bank is designated a Minority Depository Institution, a Community Development Financial Institution and a certified U.S. Small Busin... |