BNY Mellon Collaborates with Ponce Bank through the U.S. Department of Treasury Financial Agent Mentor-Protégé Program
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: PR Newswire
The announcement was made during the 25th Annual Bronx Week Bankers Breakfast sponsored by the Business Initiative Corporation of NY and Bronx Economic Development Corporation, hosted by Bronx Borough President Vanessa L. GibsonNEW YORK, May 10, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the global financial services company, today announced a collaboration with Ponce Bank, a Bronx-based Minority Deposit Institution (MDI), as part of the U.S. Treasury Department's Financial Agent Mentor-Protégé Program. This alliance between BNY Mellon and Ponce Bank will supplement Ponce Bank's investment in local businesses, housing, and services in underserved communities, and aim to grow the Bank's assets.MDIs and community development banks are essential parts of the financial industry—deposits made into these banks keep local economies growing and thriving. Yet, they often lack access to the resources to remain competitive against bigger peers. This threatens the livelihood of local communities,
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BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/8/24 - Form 144
- BK's page on the SEC website