Amalgamated Financial (NASDAQ:AMAL) (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.
In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies. The company’s advisory teams help clients integrate environmental, social and governance (ESG) considerations into their investment policies, and they offer customized employee benefit plans. Through its commercial banking segment, the company extends credit facilities and letters of credit, while the consumer arm delivers online and branch-based checking, savings and home loan products to individuals and small businesses.
Headquartered in New York City, Amalgamated Financial maintains branch offices in key metropolitan markets including Los Angeles, San Francisco and Washington, D.C., and serves customers coast to coast. Certified as a B Corporation, the company upholds high standards of accountability, transparency and social performance. The bank is led by President and Chief Executive Officer Priscilla Sims Brown, who brings extensive experience in financial services and social advocacy to Amalgamated’s long-standing commitment to mission-driven banking.
