Ponce Financial Group, Inc. Announces Share Repurchase Program

May 16, 2023

https://www.globenewswire.com/news-release/2023/05/16/2670452/0/en/Ponce-Financial-Group-Inc-Announces-Share-Repurchase-Program.html

NEW YORK, May 16, 2023 (GLOBE NEWSWIRE) — Ponce Financial Group, Inc., (the “Company”) (NASDAQ:PDLB), the holding company for Ponce Bank (the “Bank”), announced today that, following receipt of applicable regulatory clearances, its Board of Directors has adopted a share repurchase program intended to enhance shareholder value. Under the repurchase program, the Company may repurchase up to 1,235,000 shares of its common stock, which represents approximately 5% of the issued and outstanding shares of the Company.

Read more at globenewswire.com

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