Amalgamated Financial (NASDAQ:AMAL) (NASDAQ:AMAL) is a diversified financial services holding company whose primary subsidiary operates as a full-service bank. The firm offers commercial banking, cash management, trust and investment services, retirement plan administration and employee benefits solutions. Its integrated platform is designed to serve corporate clients, nonprofit organizations, labor unions and socially responsible investors, providing tailored financial products that align with environmental, social and governance (ESG) objectives.
Established in 1923 by the Amalgamated Clothing Workers of America, the company was founded on a mission to support labor unions and working-class communities. Over the decades, it has expanded beyond its original union base to serve a wide range of clients, while maintaining a commitment to progressive values, diversity and community reinvestment. Amalgamated Financial has grown through a combination of organic expansion and selective acquisitions, strengthening its regional footprint and broadening its product offerings.
Headquartered in New York City, Amalgamated Financial maintains branch offices and lending centers across key markets in California, Illinois and Washington, D.C. Its geographic reach extends through strategic partnerships and correspondent banking relationships, enabling it to serve clients nationally and support international transactions. The bank’s regional teams work closely with clients to provide industry-specific expertise in real estate financing, commercial lending, deposit services and treasury management.
Under the leadership of President and Chief Executive Officer Keith Mestrich, together with a senior management team that includes seasoned banking executives and investment professionals, Amalgamated Financial continues to invest in digital platforms and risk management capabilities. The board of directors comprises individuals with deep experience in finance, compliance and social responsibility, guiding the company’s efforts to grow profitably while adhering to its founding principles of fairness, transparency and community engagement.
