 PDL Community Bancorp the Company announced today that its Board of Directors has adopted a share repurchase program intended to enhance shareholder value effective June 1, 2020. Under the repurchase program, the Company may repurchase up to 864,987 shares of its common stock, or approximately 5 of the current outstanding shares. The repurchases will be made in accordance with a pre-arranged stock repurchase plan adopted by the Company in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, as well as from time to time through privately negotiated transactions at prevailing market prices, depending on market conditions. 