Ponce Financial Group annual meeting: directors elected, CEO outlines ECIP capital and $8M Grain write-down

Ponce Financial Group, Inc.

Shareholders elected four directors: Maria Alvarez, Julio Gurman, Carlos P. Naudon, James Perez; ratified Mazars USA as auditor for 2022.
CEO Naudon says Ponce is poised to reach $500M in capital upon closing $186M+ ECIP financing round.
CEO cites $260M in PPP loans and $1.8M from CDFI Rapid Response Program as pandemic-related achievements.
CEO addresses $8M Grain Technologies write-down, attributing it to organized fraud during pandemic digital surge.
CEO highlights 2021 acquisition of Mortgage World Bankers to expand single-family home financing options.

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