Polonia Bancorp Inc. (New)


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Polonia Bancorp Inc is a Maryland corporation that was incorporated in August 2011. The Company is headquartered in Huntingdon Valley and operates as a community-oriented financial institution dedicated to serving the financial services needs of consumers and businesses within its market areas. The Bank is engaged mainly in the business of attracting deposits from the general public and using using such funds to originate loans. Polonia Bank also maintains an investment portfolio. Polonia Bank's primary federal regulator is the Office of the Comptroller of the Currency (OCC). Its loan portfolio consists of one- to four-family residential real estate loans, multi-family and nonresidential real estate loans, home equity loans, commercial loans and consumer loans. Currently, it offers only fixed-rate mortgage products. The one- to four-family residential real estate loans are normally originated with up to 30-year terms, such loans typically remain outstanding for substantially shorter periods because borrowers often prepay their loans in full upon sale of the property pledged as security or upon refinancing the original loan. The multi-family and nonresidential real estate loans are generally secured by apartment buildings, small office buildings and owner-occupied properties. It offers loans with adjustable interest rates tied to a market index in its market area. It offers consumer loans in the form of loans secured by savings accounts or time deposits. The Company has the legal authority to invest in various types of liquid assets, including U.S. Treasury obligations, securities of various federal agencies and municipal governments, corporate securities, mortgage-backed securities, deposits at the FHLB of Pittsburgh and time deposits of federally insured institutions. The Company faces competition for the attraction of deposits and origination of loans.

Contact Information

Website: www.poloniabank.com
Email: niko@nikoresources.com
Main Phone: +1 215 938-8800
Address: 3993 Huntingdon Pike, 3rd Floor
Address 2: Suite 1500
State: PA
City / Town: Huntingdon Valley
Country: USA
Postal Code: 19006

Issuer Information

Exchange: OBB
CEO: Joseph T. Svetik
Employees: 59
NAICS: Savings Institutions(522120)
Company data no longer available
Last Price N/A Change $ N/A Change % N/A Tick N/A
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Last Trade Volume 0 52 Wk Hi 12.10 52 Wk Low 10.35
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Shares 3,348,827.00 EPS (TTM) -0.04 PE Ratio N/A Exchange OTCBB