Pioneer Bancorp, Inc. is a two-tier mutual holding company for Pioneer Bank, which engages in lending activity originating commercial real estate loans, commercial and industrial loans, commercial construction loans and home equity loans, and lines of credit. It operates through the following portfolio segments: Commercial, Residential Mortgages, Home Equity Loans and Lines, and Consumer. The Commercial segment is secured by multi-family and nonresidential real estate and generally has larger balances and involves a greater degree of risk than residential real estate loans. The Residential Mortgages segment focuses on the basis of the borrower's ability to make repayment from his or her employment or other income, and which is secured by real property whose value tends to be more easily ascertainable. The Home Equity Loans and Lines segment includes loans secured by real estate and may entail greater risk than first-lien residential mortgage loans due to a lower lien position. The Consumer segment refers to the unsecured loans and loans secured by assets that depreciate rapidly, such as motor vehicles, and are subject to greater risk. The company was founded in March 2019 and is headquartered in Albany, NY.