DocuSign Envelope ID: FAFB2E4D-F95F-48EE-83E1-F5EBFB0AF189Independent Conversion Appraisal Services Agreement • August 3rd, 2021 • Ponce Financial Group, Inc. • New York
This letter sets forth the agreement between Ponce Bank, Bronx, New York (the “Bank”), a federally-chartered bank wholly-owned by PDL Community Bancorp (“Bancorp”), which in turn is majority-owned by Ponce Bank Mutual Holding Company, a mutual holding company (the “MHC”), collectively “PDLB” or the “Company,” and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with PDLB’s second step conversion offering.
