Ponce Financial Group in New York has expanded into Florida.
The company said in a press release that it opened a representative office in Coral Gables. Jay Sanchez will split time between New Jersey and Florida as the new office’s customer relationship officer.
“Many of our customers have businesses in Florida or spend their winter months here, and the large Hispanic community perfectly fits one of our primary demographics,” Ponce President and CEO Carlos Naudon said in the release.
“Our recently implemented digital platform … combined with the talent of Mr. Sanchez who has a deep network among small business owners, makes it possible for us to offer a wide range of services in support of our dual-state clientele,” Naudon added.
The Florida office will initially provide access to commercial lending, mortgages and small-business banking.