Locke Lord Team Advises Ponce Bank in Connection With Second-Step Conversion and Stock Offering

A Locke Lord team led by Doug Faucette (Washington, D.C.) advised Ponce Bank, Ponce Bank Mutual Holding Company, PDL Community Bancorp and Ponce Financial Group, Inc., in connection with Ponce Bank’s proposed second-step conversion and Ponce Financial’s concurrent stock offering. The stock offering by Ponce Financial is anticipated to raise approximately $139 million. For more information, see the press release. Assistance was provided by Megan Foscaldi (Boston), Laura L. Ferguson and Lauren Doughty (both of Houston).
Posted on November 18, 2021