Amalgamated Financial Corp. (“Amalgamated Financial” or the “Company”) (NASDAQ:AMAL) and Amalgamated Bank (the “Bank”) today announced the consummation of a holding company reorganization, effective March 1, 2021, pursuant to which the Company became the parent bank holding company of the Bank.
Today, Neighborhood Trust Financial Partners, a national nonprofit and leader in worker financial health, and Amalgamated Bank (Nasdaq: AMAL), America’s socially responsible bank, announced an expanded partnership focused on connecting more Americans with the tools and guidance they need to achieve financial health.
Amalgamated Bank (Nasdaq: AMAL) (the “Company”) today announced that Keith Mestrich has informed the Board of Directors that he will step down from his positions as President and Chief Executive Officer on January 31, 2021. At that time, he will transition from a director to special advisor to the Board through July 2021. Mr. Mestrich joined Amalgamated Bank in 2012 and has served as its President and Chief Executive Officer since 2014.
Amalgamated Bank (Nasdaq: AMAL) announced today that it will distribute $80,000 in Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grants to local nonprofits that were adversely impacted by the coronavirus pandemic.
As part of its continued commitment to social responsibility and sustainability, Amalgamated Bank (Nasdaq: AMAL) today announced it will become the first U.S.-based publicly traded company and the first publicly traded bank across the globe to amend its Organization Certificate to formally recognize the value of business objectives that realize standards of sustainability and public good.