Ponce Financial Group, Inc.

Ponce Financial Group, Inc. is a financial holding company that owns Ponce Bank, National Association. The Company is authorized to engage in other business activities allowed for financial holding companies, including acquiring banking and financial services companies. Its cash flow relies on investment earnings and dividends from Ponce Bank. Ponce Financial Group, Inc. does not own or lease property, instead utilizing Ponce Bank's premises, equipment, and furniture. Currently, the Company employs only officers of Ponce Bank to serve as its own officers, and uses Ponce Bank's support staff as needed, without separate compensation from Ponce Financial Group, Inc. The Company's executive office is located at 2244 Westchester Avenue, Bronx, New York 10462, with a telephone number of (718) 931-9000.