PDL Community Bancorp Announces Completion of Sale and Leaseback of Real Property
Retrieved on:
Tuesday, June 8, 2021
NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the Company) announces that on June 4, 2021, Ponce Bank (the Bank), a subsidiary of the Company, completed the previously disclosed sale of real property that the Bank owned, located at 5560 Broadway, Bronx, New York (the Real Property).
Key Points:
- NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- PDL Community Bancorp (the Company) announces that on June 4, 2021, Ponce Bank (the Bank), a subsidiary of the Company, completed the previously disclosed sale of real property that the Bank owned, located at 5560 Broadway, Bronx, New York (the Real Property).
- The net book value of the Real Property as of April 30, 2021 was $1.1 million.
- As a result of the sale of the Real Property, the Company anticipates realizing a pre-tax gain of approximately $4.2 million.
- PDL Community Bancorp is the financial holding company for Ponce Bank and Mortgage World Bankers, Inc. Ponce Bank is a federally chartered savings association.