Item 8.01 Other Events

On July 14, 2020, PDL Community Bancorp (the "Company") (NASDAQ: PDLB), the holding company for Ponce Bank announced that on July 10, 2020 it had completed the acquisition of Mortgage World Bankers, Inc. ("MWB"). MWB is a mortgage banking company headquartered in Astoria, New York. Michael Lagoudis will continue to manage MWB's operations as its President and CEO and became a Senior Vice President of the Company. Stephanos Lagoudis will continue to assist MWB in a consulting capacity. Steven A. Tsavaris, Executive Chairman of the Company, became the Executive Chairman of MWB and Carlos P. Naudon, President and CEO of the Company became a Director of MWB.

A copy of the press release announcing the closing of the transaction is attached as Exhibit 99.1 hereto.







Item 9.01 Exhibits.




(d) Exhibits.



Exhibit                Description
Number

 99.1       Press release dated July 14, 2020

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