Latest news with #PonceBank
Yahoo
28-02-2025
- Business
- Yahoo
Ponce Bank revitalizes Bronx small businesses with state funding
NEW YORK (PIX11) – It was the who's who of the Bronx at Ponce Bank headquarters on Westchester Avenue. From City and State leaders to everyday people, everyone was on the same mission: to help small businesses thrive. A newly renovated community bank branch was unveiled in the Bronx. More Local News The state has invested millions of dollars in small businesses in the Bronx. Last September, it made a $35 million investment; in May, it made another $20 million. Al Amin is the owner of Hala Fresh on Westchester Avenue. Amin is from Bangladesh. He opened his restaurant here on Westchester Avenue four years ago. He says he couldn't have done it without funding. It was last September when PIX11 News first visited Ponce Bank president and CEO Carlos Naudon. He received a $35 million check from the state to help Bronx small businesses. It's a new look but the same mission, Naudon says, helping the undeserved but most deserving. Ponce Bank is taking part in what's called the Banking Development District Program. It's designed to stimulate and revitalize the economies of neighborhoods underserved by banks. Naudon says every day, it's his personal mission to fight for small businesses in the city. Naudon came to America from humble beginnings, arriving at the age of 13 from Chile with nothing but a suitcase and a dream. Now, the president says it's hard not to get emotional. He says he sees himself in the community he now serves. With more than $3 billion in assets, Naudon says it's always about the people. He launched the Ponce Bank small business boot camp in 2020, helping 1400 small businesses not just survive but thrive. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
22-02-2025
- Business
- Yahoo
Bank CEO fights for small businesses in New York City
NEW YORK (PIX11) – From helping the director of a homeless shelter get repairs in her own home to talking one-one with the CEO of Ponce Bank, PIX11's Monica Morales is making it happen. It was back in September PIX11's Monica Morales visited Ponce Bank president and CEO Carlos Naudon. More Local News He received a $ 35 million check from the state to help Bronx small businesses survive and thrive. Naudon continues every day to fight for New York City's small businesses. He is a guest on the following Monica Makes Money Happen podcast. From humble beginnings coming to America when Naudon was just 13 years old from Chile, Naudon had nothing but a suitcase, and now he's the president of Ponce Bank. With assets of more than $3 billion. That's why Naudon says he fights so hard for small businesses. Naudon launched the Ponce Bank small business boot camp in 2020, helping 1400 small businesses not just survive but thrive. Another New Yorker spends her whole day fighting for homeless families to get better housing—she felt helpless to get repairs herself in her east Harlem home at the Wilson Houses. Shaday Harris sent us this video asking for help for her mom since our story action. NYHA crews were able to stop the leak and continue to work on the problem. If you have a problem, reach out to Monica Morales at monica@ Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Sign in to access your portfolio
