Blog
Welcome to the Amalgamated blog, a space for leaders and contributors from inside and outside Amalgamated Bank to share thoughts, opinions, and musings about topics relevant to our bank's mission and customers, the financial industry at large, and national and international affairs. Check back frequently as new blogs are posted on a regular basis.
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Bank-wideAmalgamated Bank was disappointed to hear of the Supreme Court’s decision to affirm a Trump Administration order that would allow employers to limit access to contraception under the Affordable Care Act. We joined an amicus brief before the ruling in support of universal access to contraception and condemn this ruling, which will affect an estimated 126,000 women.
July 10, 2020 - Image
Bank-wideEach June, I can usually be found doing two things: attending LGBTQ Pride parades and refreshing SCOTUSBlog for updates on major Supreme Court cases. I knew that I wouldn’t be attending any parades this year due to COVID-19, but I never expected to hear Monday’s Supreme Court ruling confirming that the Civil Rights Act of 1964 applies to discrimination based on sexual orientation and gender identity.
Topics:June 17, 2020 - Image
Bank-wideLast week, Amalgamated Bank issued a public statement on our support for Black Lives Matter and promised that tangible actions would be forthcoming. I am sharing with you where we are now, just a little over a week later, and where I believe we can head in the future.
Topics:June 11, 2020 - Image
Bank-wideAmalgamated Bank believes that Black Lives Matter and that the horrendous death of George Floyd is just the latest example of the explicit racism embedded within our country’s entire criminal justice system. We believe the oppression of Black people must end now.
June 1, 2020 - Image
Bank-wideAmalgamated Bank applauds and appreciates the actions of Congress to increase funding for the Small Business Administration (SBA) Payroll Protection Program (PPP), specifically creating carve outs for local banks, minority deposit institutions, and community development financial institutions.
Topics:April 23, 2020 - Image
Bank-wideAmalgamated Bank is urging Congress to act swiftly to support the more than 30 million nonprofits and small businesses that were unable to access the first round of Small Business Administration (SBA) Payroll Protection Program (PPP) loans.
April 20, 2020 - Image
Bank-widePlease read the letter Keith Mestrich, President and CEO of Amalgamated Bank, wrote to Dan Cardinali, President and CEO of Independent Sector, about how Amalgamated shares a common mission with Independent Sector to ensure the nonprofit sector is well resourced as they support workers and families devastated by the COVID-19 crisis.
April 8, 2020 - Image
Bank-wideThis month we turned 97 years old so we’ve seen our share of up and down times. We’ve navigated through depressions, recessions, world wars, bubbles, artificial highs and some very real lows. But we have never before seen anything like the present. The COVID-19 virus is having a far-reaching effect, not just on our business, but on our families, our communities and our nation’s financial future.
March 24, 2020 - Image
Bank-wideThis unprecedented moment is calling those in leadership to act in bold and innovative ways. The COVID-19 virus has impacted the entire global economy putting at risk the livelihood of tens of millions of Americans. Those who were already vulnerable in our economy are pushed even further to the brink.
March 20, 2020 - Image
Bank-wideYesterday, the world’s largest investment firm, BlackRock, took a big step in confronting the threat of climate change and announced that they would now be making investment decisions with environmental sustainability as a core goal in meeting their fiduciary obligation to clients.
January 15, 2020 - Image
Bank-wide“Impact” seems to find itself at the head of many investment product titles. Financial institutions are quickly learning that their customers increasingly care more about the impact investments have on the environment and broader society.
January 6, 2020 - Image
Bank-wideAs 2019 comes to an end, there is a lot to celebrate at Amalgamated Bank. One bright spot we'd like to highlight is the addition of five new commercial bankers who are bringing an enhanced focus on the Bank’s social justice mission and deep expertise to our clients.
December 9, 2019