Ponce Bank's Inwood Branch Opening: A Step Towards Banking Equality
Ponce Bank's Commitment to Community-Centric Banking
Ponce Bank, N.A., has recently opened its newest branch in Inwood, significantly enhancing the reach of purpose-driven banking services throughout New York City. This event, marked by a vibrant ribbon-cutting ceremony, symbolizes the bank's dedication to providing accessible financial resources to local communities.
Bringing Together Community Voices
The grand opening gathered a mix of local leaders, business owners, and elected officials, highlighting the community's support for this initiative. Key figures shared the stage, emphasizing the essential role Ponce Bank plays in addressing the banking needs of Inwood's residents. According to Carlos P. Naudon, President and CEO of Ponce Bank, the opening of the Inwood branch signifies a deeper commitment to serve the local community thoughtfully and sincerely. He reiterated that the bank is dedicated to fostering prosperity for families and small businesses, cultivating a legacy for future generations.
Listening and Responding to Community Needs
Madeline Marquez, the Executive Vice President and Chief External Affairs Officer, reinforced the bank's mission to listen to feedback from local families and entrepreneurs. The insights gathered highlighted a significant demand for accessible banking services, prompting the establishment of this branch to specifically address community needs.
The Importance of Equitable Financial Accessibility
During the ceremony, Senator Robert Jackson underscored the vital need for equitable access to financial opportunities. He articulated that small business owners deserve the same opportunities as larger entities. The new branch represents a commitment to support everyone in the community—from street vendors to families planning for their children's education. This location aims to serve as a pillar of economic justice, a sentiment echoed by various speakers at the event.
Appreciation for Community Support
Ponce Bank expressed gratitude towards numerous community organizations and leaders that have aided in its mission to serve low- and moderate-income neighborhoods effectively. This collaborative effort highlights the importance of partnerships in creating sustainable financial solutions for the community.
The Inwood Branch: A New Resource for Local Residents
Strategically located at 3876 9th Avenue, the Inwood branch is positioned close to key neighborhoods and easily accessible to local residents. This facility joins Ponce Bank's growing network of 13 branches, aiming to bridge financial gaps and provide essential services to those who often remain underserved by traditional banks.
About Ponce Bank
Founded in 1960 by Puerto Ricans in the Bronx, Ponce Bank was established at a time when many financial institutions withdrew from the community. Today, it stands as one of the largest Latino-led Minority Depository Institutions (MDIs) in the nation, boasting $3.2 billion in assets and over $500 million in capital. The bank focuses on directing nearly 75% of its loans towards low- and moderate-income neighborhoods, earning it top distinctions as a leading Community Development Financial Institution (CDFI). Its parent company, Ponce Financial Group, is publicly traded on NASDAQ under the ticker symbol PDLB, making it accessible to investors who wish to support purpose-driven financial initiatives.
Contact Information
For inquiries, reach out to Jane Trachet at "+1 (718) 734-7730" or email her at jane.trachet@poncebank.net.
Frequently Asked Questions
What is the significance of the new Inwood branch?
The new branch aims to enhance access to dignified banking services for families and small businesses in the Inwood community.
Who attended the grand opening ceremony?
The event included community leaders, local business owners, and state officials who support the mission of Ponce Bank.
Why did Ponce Bank open a branch in Inwood?
Community feedback indicated a strong need for accessible banking services, prompting Ponce Bank's response with this new location.
What are the core values of Ponce Bank?
Ponce Bank focuses on providing equity-driven financial services that support the community's economic growth and social wellbeing.
How can people engage with Ponce Bank?
Individuals can visit the Inwood branch or contact the bank's representatives for more information and support related to their banking needs.
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