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-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 - Image
Bank-wideAmalgamated Bank works hard every day to support the most powerful change makers in America. We have the honor of standing with thousands of leaders of social change – nonprofits, foundations, labor unions, and more - as they take on complex, deeply rooted issues affecting hundreds of millions of lives.
September 30, 2019 - Image
Bank-wideDoes it really matter if a bank is socially responsible? Who cares what the bank does with your money, just as long as it is there when you need it? We care. At Amalgamated Bank, we believe banking – and the entire financial sector for that matter – must be responsible for its social and environmental impact.
July 10, 2019 - Image
Bank-wideToday, I am proud to announce that we are the first bank in the United States to increase our minimum wage to $20 an hour for all full-time employees. By raising our minimum wage, we are continuing to honor our roots in the labor movement and to do our part in creating greater access and opportunity for our workers and their families.
July 1, 2019 - Image
Bank-wideFor 96 years, social responsibility has been embedded into our products, policies, programs, operations and mission. So two years ago when we were recognized by B Lab as a company that meets their rigorous standards for social and environmental performance, accountability and transparency, it was an important third party endorsement.
May 6, 2019 - Image
Bank-wideToday, we became the first bank in the United States to endorse the United Nation’s Principles for Responsible Banking. The Principles for Responsible Banking provide the framework for the sustainable banking system of the future.
April 25, 2019 - Image
Bank-wideEarth Day is a day to celebrate our planet. Created in 1970, the day marks the birth of the environmental awareness and protection movement, an impact area at the cornerstone of Amalgamated’s mission.
April 22, 2019 - Image
Bank-wideWith the launch of the “Hate Is Not Charitable Campaign”, the Amalgamated Foundation announced to the world that we would not sit quietly while organizations that promote hate continue to work the system to benefit their abhorrent actions.
April 4, 2019