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Mandy Tenner on What Values-Based Banking Looks Like

It’s hard to imagine Mandy Tenner being more perfectly suited for her job.

The senior vice president and deputy general counsel for socially responsible, New York City-based Amalgamated Bank works in an unusual space. The ninety-seven-year-old financial institution was chartered by the Amalgamated Clothing Workers of America union, and remains largely owned by Workers United, an affiliate of the Service Employees International United (SEIU). Over time, the mission of the bank, which is publicly traded and a Certified B-Corporation, has broadened to advance socially responsible causes such as sustainability, social justice, political organizations, and other social-impact enterprises.

Tenner’s own background might not have been a sure path to financial services law, but relative to Amalgamated, it makes a lot of sense. She is the granddaughter of Holocaust survivors and learned at home about selfless acts that saved lives during and after World War II. “My grandfather placed surviving children in homes after the war, and my grandmother was always grateful for the people who helped her survive,” she says. “I felt the need to pass that on.”

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