 NEW YORK, Dec. 31, 2020 GLOBE NEWSWIRE -- On December 22, 2020, PDL Community Bancorp the Company, through PFS Service Corp. PFS, the service company of its subsidiary Ponce Bank the Bank, entered into a contract of sale and leaseback of the real property that PFS owns located at 3821 Bergenline Avenue, Union City, New Jersey the Real Property. The purchase price for the Real Property is 2.4 million. PFS carrying value of the Real Property as of December 22, 2020 was 512,000. It is anticipated that there will be additional expenses incurred during the closing of the transaction. 