Ponce Bank was born in the Bronx in 1960 to provide financial services to a community long ignored by bigger banks. We are certified as both a Community Development Financial Institution (CDFI) and a Minority Depository Institution (MDI), one of less than 50 banks in the country. To achieve both of these distinctions, the Bank has never wavered from this mission and has reinvested more than 80% of its assets directly into the communities it serves. When Ponce Bank restructured in 2017, it seized the opportunity to endow The Ponce de Leon Foundation with funds to further this mission by providing grants to non-profit organizations throughout a service area which now extends from the Bronx to Brooklyn, Queens, Manhattan and parts of New Jersey.
