Ponce Bank Awarded $50,000 Through FHLBNY Small Business Recovery Grant Program
Ponce Bank (PDLB) announced on Nov 17, 2025 it was awarded $50,000 from the Federal Home Loan Bank of New York Small Business Recovery Grant program.
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Rhea-AI Summary
Ponce Bank (PDLB) announced on Nov 17, 2025 it was awarded $50,000 from the Federal Home Loan Bank of New York Small Business Recovery Grant program. The funds were distributed to 12 small businesses and nonprofits across Ponce Bank's service area to support payroll, equipment, and working capital.
The award supports economic inclusion and community development across New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands and reflects Ponce Bank's focus on providing fair banking access to underserved communities.
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News Market Reaction – PDLB
On Nov 17, the day this news came out, PDLB closed 3.64% below the previous close.
Data tracked by StockTitan Argus for the Nov 17 session.
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Funds Distributed to 12 Local Small Businesses Supporting Economic Growth and Resilience
NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Ponce Bank announced today that it has been awarded
The FHLBNY Small Business Recovery Grant Program provides member financial institutions with funds to assist small businesses and nonprofits within the FHLBNY district, which includes New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands. Through this initiative, Ponce Bank continues its longstanding commitment to economic inclusion and community development.
“Small businesses are the foundation of our local economy,” said Barbara Arroyo, Senior Vice President, Director of SBA Lending at Ponce Bank. “Through the support of the Federal Home Loan Bank of New York, we’re able to provide meaningful financial relief to help these businesses recover, grow, and continue serving their neighborhoods.”
Since its founding, Ponce Bank has focused on providing access to fair and responsible banking services for underserved communities. The grant funds were used to help businesses manage expenses such as payroll, equipment, and working capital.
Award Recipients
The following small businesses and nonprofits received funding through the FHLBNY Small Business Recovery Grant Program, nominated by Ponce Bank:
- RID Trucking LLC
- JC Trucking LLC
- Diaz Security Services LLC
- JAS Grocery
- 735 Supermarket Corp.
- Atlantic Bagels Foods, LLC
- The Great Reset Restaurant Corp
- Manitos Media Group
- UA3 Inc.
- Churches United For Fair Housing, Inc.
- New York Women’s Chamber of Commerce
- Las Panteras Negras
These organizations exemplify the entrepreneurial spirit and community focus that drive local economic growth and opportunity across New York’s diverse neighborhoods.
For more information about Ponce Bank and its community programs, please visit www.poncebank.com
About Ponce Bank
Ponce Bank N.A. was founded in the Bronx in 1960 by Puerto Ricans who chose to invest in their community at a time when most financial institutions were leaving. Today, the Bank operates 13 branches across the New York Metro area, with
Media Contact
Jane Trachet
+1 (718) 734-7730
jane.trachet@poncebank.net
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