Exhibit 21.1
Subsidiaries of the Registrant
(a) Upon completion of the reorganization described in the Plan of Reorganization from a Mutual Bank to a Mutual Holding Company and Stock Issuance Plan filed with this Registration Statement as Exhibit 2.1, the subsidiaries of the registrant will be as follows:
| Subsidiary Name |
State of Incorporation or Organization | |
| Ponce Bank | Federal |
(b) Upon completion of the reorganization described in the Plan of Reorganization from a Mutual Bank to a Mutual Holding Company and Stock Issuance Plan filed with this Registration Statement as Exhibit 2.1, the subsidiaries of Ponce Bank will be as follows:
| Subsidiary Name |
State of Incorporation or Organization | |
| Ponce De Leon Mortgage Corporation | New York | |
| PFS Services Inc. | New York |