Pioneer Bancorp launches FINRA-registered broker-dealer subsidiary Pioneer Capital Markets

Pioneer Bancorp, Inc./MD

Wholly owned subsidiary will focus on proprietary trading of investment-grade municipal bonds.
Led by Peter Brandel as President, Robert Kursar as SVP, Gary Galarpe as CCO.
Trading expected to begin after January 1, 2026, subject to final regulatory approvals.
Strategy aims to diversify non-interest income and expand financial services capabilities.
Subsidiary registered with FINRA, SIPC, and SEC; based in North Carolina.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.