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About Keith Mestrich

President & CEO, Amalgamated Bank

About Keith Mestrich

Keith R. Mestrich

President & CEO
Amalgamated Bank

Keith R. Mestrich is President and Chief Executive Officer of Amalgamated Bank, a socially responsible financial institution with nearly $5 billion in commercial assets and a trust and investment management business with over $45 billion in custody and investment assets under management. Keith has three decades of experience in the financial sector, many of those assisting the bank’s core constituencies in labor, nonprofits, political organizations and issue-advocacy campaigns.

As CEO, Keith leads a team of 425 employees who are working to prove that mission-driven banking is not just possible, but also a powerful force to address the social needs of our changing world.

Keith joined the bank in 2012 and directed Amalgamated's Washington, D.C. operation where he rebuilt the bank’s presence in the nation's capital. Since Keith’s appointment to lead this region, Amalgamated has generated a 55 percent compound annual deposit growth rate during the three-year period that ended December 31, 2017.

Keith was appointed CEO in June 2014. As CEO, Keith took the helm of a non-performing institution and has led the bank’s financial recovery. Under his leadership, the bank has returned to profitability, improved its credit quality, increased non-interest bearing deposits 89 percent, reduced wholesale funding 50 percent in three years, and delivered a 30 percent increase in net interest margin. In this same period, the bank achieved a 14 percent compound annual growth rate of stable, low-cost core deposits (excluding time deposits) over the three-year period that ended December 31, 2017.

In 2017, Keith guided Amalgamated’s acquisition of San Francisco-based New Resource Bank (NRB), creating the country’s largest socially responsible financial institution and providing a national platform for future growth.

With the success of bank’s recovery and growth, Keith spearheaded the strategy to take the company public, increasing liquidity to help expand the company into a nationwide bank.

Under Keith’s leadership, Amalgamated has undertaken a number of initiatives to underscore its values-based mission, including its support of a $15 minimum wage (and its becoming the first bank to raise its minimum wage to $15 for all employees), its acceptance of IDNYC as an alternative form of ID to open a bank account, and the company’s certification as a B Corp, recognizing for-profit companies that meet rigorous standards of social and environmental performance, accountability and transparency.

Keith has extensive experience in finance roles. Prior to joining Amalgamated, Keith served as Chief Financial Officer and Deputy Chief of Staff for the Service Employees International Union (SEIU). In his role at SEIU, Keith also served as a trustee on three separate Taft-Hartley funds and on the Investment Committee for the SEIU Master Trust.

His prior experience also includes serving as the first Chief of Staff of Worker's United—Amalgamated’s largest shareholder. Prior to that, Keith worked at the clothing workers union known as UNITE, where he served in various capacities including Director of Corporate Affairs, President of one of the union's locals, and Executive Assistant to the International President. Keith began his career in the labor movement as a corporate researcher at the AFL-CIO.

Keith graduated magna cum laude from Kalamazoo College with a degree in Political Science and Public Policy, where he was elected as a member of Phi Beta Kappa. He currently lives in Washington, D.C. with his wife and family.

Notable Articles

Additional Honors & Board Involvement

  • Named on Washington Life Magazine’s “Power 100 List” (May 2016)
  • Named on City & State’s “25 Most Influential Leaders in Manhattan” (April 2017)
  • Named on New York Non-Profit Media’s “50 Over 50” Honorees (October 2017)
  • Member of the Board of Directors, The Mayor’s Fund for New York City
  • Finance Leaders Fellow, The Aspen Institute
  • Member, Aspen Global Leadership Network
  • Member of the Board of Directors, The Roosevelt Institute
  • Member of the Board of Directors, Democracy Alliance
  • Member of the Board of Directors, The Sidney Hillman Foundation
  • Member of the Advisory Board, Higher Ground Labs
  • Member of the Advisory Board, Remember the Triangle Fire Coalition
  • Member of the Advisory Board, Girls Who Invest
  • Member of the Advisory Board, The Patriotic Millionaires
  • Member, Habitat for Humanity NYC Leadership Council
  • Trustee, the Consolidated Retirement Fund
  • Former Member of the Board of Directors, Progressive Congress
  • Former Member of the Board of Directors, The Workers Lab
  • Former Member of the Board of Directors, Working America Education Fund
  • Former Member of the Board of Directors, The Public Utility Law Project
  • Former Member of the Board of Directors, Hot Bread Kitchen
  • Former Member of the Board of Directors, National Consumers League
  • Former Member of the Board of Directors, D.C. Employment Justice Committee