Ponce Bank

About Ponce Bank

Ponce Bank is a community-focused financial institution and a certified Minority Depository Institution, founded by migrants from Puerto Rico in 1960. As a CDFI (Community Development Financial Institution), it aims to prove that community banking is a powerful engine for social equity, investing in local businesses, housing, and services while supporting minority-led and immigrant-friendly initiatives on the East Coast.

Products & Services

Personal Banking:Includes Personal Checking (e.g., Simply Free Checking with no monthly service charges), Personal Savings, Online & Mobile Banking, and Personal Loans & Mortgages.

Business Banking:Offers Business Checking, Business Savings, Online & Mobile Banking, Cash Management, Business Loans & Mortgages (including Prosper Small Business Loans with fast funding), and Cannabis Banking.

Nonprofit Banking:Provides tailored Nonprofit Business Checking Accounts to manage payroll, donations, and everyday bills, supporting charitable endeavors.

Financial Mastery Series:Educational programs to help individuals and businesses navigate financial decisions, covering topics like first-time home buying, small business bootcamps, and legacy protection.

Simply Free Checking

Nonprofit Business Checking Account

Small Business Loans (Prosper)

Certificate of Deposit (CD)

Certificates of Deposit (CD)

Online and Mobile Banking

Specialties

Community Banking Minority Depository Institution CDFI (Community Development Financial Institution) Immigrant-Friendly Banking Nonprofit Banking Small Business Support Community Financing Minority-Led Banking Nonprofit Support Financial Education (Financial Mastery Series) Nonprofit Banking Solutions

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Grant T: - FT: Grant	A: 50000 MR: - FA: $50,000 FAN: 50000	D: 2025-11-17 FD: 2025-11-17	1 investors

Grant Latest

2025-11-17

$50K

1 investor (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

M

Maria Duanne Andrade T.

CEO of Solar and Energy Loan Fund (SELF)

G

Giovana Bracchi

Executive Director of La Fuerza CDC

V

Victor Elmore

President of Texas Mezzanine Fund Inc.

R

Ronald Frazier

Chairman/CEO of BAC Funding Corporation

M

Marlon Mitchell

President and Chief Executive Officer

C

Casey O'Donnell

President & CEO of Impact Services

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Recent News

Ponce Bank Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised