FINANCIAL_SERVICESAPPROVED

NYC-Department of Finance Awards Financial Services Contract to Ponce Bank (May 2026)

The NYC Banking Commission approved a $10 million increase to the New York City Banking Development District deposit at Ponce Bank’s Bronx BDD branch. This additional funding expands the City’s support for community-focused banking services in the Bronx.

Document date · May 7, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$10 Million
Contract type
FINANCIAL_SERVICES
Renewal
Minutes do not specify term, maturity, or renewal provisions for the increased BDD deposit; future adjustments or renewals would require further Banking Commission action.
Document type
Minutes
Source document
New York City Banking Commission Minutes May 07, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC-Department of Finance?

Ponce Bank was awarded this financial services contract by NYC-Department of Finance, as recorded on May 7, 2026. The contract value is $10 Million.

How much is the Ponce Bank contract with NYC-Department of Finance worth?

The Ponce Bank contract with NYC-Department of Finance is valued at $10 Million, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in New York City Banking Commission Minutes May 07, 2026 (Minutes), dated May 7, 2026 from NYC-Department of Finance. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ponce Bank hold?

Ponce Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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