 BRONX, N.Y., May 25, 2021 GLOBE NEWSWIRE -- Ponce Bank Mutual Holding Company and PDL Community Bancorp NASDAQ: PDLB, the holding company for Ponce Bank and Mortgage World Bankers, Inc., announced today that their Boards of Directors have unanimously adopted a Plan of Conversion and Reorganization pursuant to which Ponce Bank Mutual Holding Company and PDL Community Bancorp will reorganize into a new stock holding company and will conduct a second-step stock offering of new shares of common stock. 