Ponce Bank N.A. Announces Appointment of Marlene Cintron to Board of Directors

Core Insights - Ponce Bank has appointed Marlene Cintron to its Board of Directors, recognizing her extensive experience in economic empowerment and public service [1][9] Group 1: Marlene Cintron's Background - Cintron has over three decades of experience in public policy, economic development, finance, and government relations, with a focus on underserved communities [2] - Her career includes significant roles such as Chief of Staff to Congressman Robert Garcia and Director of Latino Affairs for Mayor David Dinkins, where she influenced statewide policy for Latino communities [3] - In the private sector, she served as Assistant Vice President for Government Affairs at Citibank and as a financial advisor at Merrill Lynch, specializing in supporting women and nonprofit leaders [4] Group 2: Achievements in Economic Development - As President of the Bronx Overall Economic Development Corporation, Cintron led initiatives that reduced Bronx unemployment from 14% to under 6% [5] - She attracted over $9 billion in private investment, resulting in the creation of over 44,000 new housing units and significant commercial developments [6] - Cintron's leadership at the U.S. Small Business Administration resulted in a 20% increase in small business growth in her region [7] Group 3: Community Advocacy and Education - Cintron is recognized for her commitment to community advocacy, having been a member of the Young Lords and championing civil rights and social equity [8] - She holds a law degree from Georgetown University and a master's degree in education administration from Fordham University [8] Group 4: Ponce Bank Overview - Ponce Bank, founded in 1960, operates 13 branches in the New York Metro area with $3.2 billion in assets and over $500 million in capital [10] - The bank is one of the largest Latino-led Minority Depository Institutions and directs nearly 75% of its loans to low- and moderate-income neighborhoods [10]