Ponce Bank Opens Representative Office in Coral Gables, Florida

Core Insights - Ponce Financial Group, Inc. has opened its first representative office in Florida, located in Coral Gables, Miami [1][2] - The new office aims to serve the growing customer base in South Florida, particularly the large Hispanic community [2] - The office will provide services such as commercial lending, mortgages, and small-business banking through the digital platform PonceBank+Direct℠ [2] Company Overview - Ponce Financial Group, Inc. is the holding company for Ponce Bank, which is a Minority Depository Institution and a Community Development Financial Institution [4] - Ponce Bank primarily engages in taking deposits and investing those funds in various types of loans, including residential, multifamily, and commercial properties [4] - The bank also invests in securities, including U.S. Government securities and mortgage-backed securities [4]