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Ponce Bank was accepted into the Department of the Treasury, Bureau of Fiscal Service, Minority Bank Deposit Program

NEW YORK, Nov. 20, 2023 Ponce Financial Group, Inc., , the holding company for Ponce Bank , today announced that Ponce Bank was accepted into the Department of the Treasury, Bureau of Fiscal. ....

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Ponce Bank was accepted into the Department of the

NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”),. ....

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Firms outline DEI efforts for Black History Month

Financial services companies recognize Black history month, and DiversityQ has guidance for being a better ally. ....

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JPMorgan Chase taps $30B to advance racial equity

JPMorgan Chase has announced a series of new initiatives Tuesday to support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs) as part of a $30 billion commitment to advancing racial equity over the next five years, especially for Black and Latinx Communities. ....

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JPMorgan Chase Announces Initiatives to Support Minority-Owned and Diverse-Led Financial Institutions

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NEW YORK, Feb. 23, 2021 /PRNewswire/ JPMorgan Chase today announced initiatives to further support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs), as part of the firm s recently announced $30 billion commitment to advancing racial equity.
MDIs and CDFIs provide vital financial services in communities that are often underserved. In order to provide this necessary funding to underrepresented communities, many MDIs and CDFIs need additional capital themselves.
These new initiatives are focused on strengthening minority-owned and diverse-led financial institutions by providing additional access to capital, connections to institutional investors, specialty support for Black-led commercial projects and mentorship and training opportunities. ....

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