Pioneer Bancorp Launches Broker-Dealer Subsidiary

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2025.12.11 14:57
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Pioneer Bancorp, Inc. announced the launch of Pioneer Capital Markets, Inc., a broker-dealer subsidiary, on December 11, 2025. This new venture will focus on trading investment-grade municipal bonds, enhancing Pioneer's financial services and diversifying revenue. The subsidiary is registered with FINRA, SIPC, and the SEC, and will begin trading after January 1, 2026, pending regulatory approvals. Analysts rate PBFS stock as a Buy with a $13.00 target, noting strong financial performance and a debt-free balance sheet.