---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-022853"
form_type: "8-K"
ticker: "PDLB"
cik: "0001874071"
company_name: "Ponce Financial Group, Inc."
filed_at: "2022-06-09T23:59:59+00:00"
generated_at: "2026-06-25T03:19:10.252744+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Ponce Financial closes $225M preferred stock issuance to U.S. Treasury under ECIP

## Summary
- Issued 225,000 shares of Senior Non-Cumulative Perpetual Preferred Stock, Series A, to Treasury for $225M.
- Initial dividend rate 0% for first two years; thereafter floor 0.50%, ceiling 2.00% based on qualified lending.
- Preferred stock redeemable at Company's option on/after June 15, 2027, subject to regulatory approval.
- Proceeds to expand lending to small businesses and underserved communities impacted by COVID-19.
- CEO says investment will be 'transformative' for Ponce Bank's communities.

## SEC filing metadata
- accession: 0001564590-22-022853
- form_type: 8-K
- ticker: PDLB
- cik: 0001874071
- company_name: Ponce Financial Group, Inc.
- filed_at: 2022-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874071/000156459022022853/0001564590-22-022853-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874071/000156459022022853/pdlb-8k_20220606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-022853
- JSON: https://secwatch.observer/filing/0001564590-22-022853.json
- Plain text: https://secwatch.observer/filing/0001564590-22-022853.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.