Item 8.01 Other Events.
On May 16, 2023, Ponce Financial Group, Inc., the holding company for Ponce Bank
(the "Bank"), announced that its Board of Directors has adopted a share
repurchase program intended to enhance shareholder value. Under the share
repurchase program, the Company may repurchase up to 1,235,000 shares of the
Company's common stock, which represents approximately 5% of the Company's
issued and outstanding shares.
A copy of the press release announcing the share repurchase program is attached
as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
Exhibit Description
Number
99.1 Press release dated May 16, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL)
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