Amalgamated Bank (Nasdaq: AMAL) – which owns New Resource Bank – announced a commitment to double the amount of assets New Resource has dedicated to financing socially responsible businesses over the next two years, moving from its current commitment of $350 million to at least $700 million by 2020.
Maryann Bruce and Patricia Diaz Dennis join Amalgamated Bank’s Board of Directors following the Bank’s initial public offering
Amalgamated Bank (“Amalgamated”), a commercial bank and a chartered trust company that specializes in providing banking services for socially responsible and values-based clients, today celebrated its first day as a public company trading on the Nasdaq Stock Market under the ticker symbol “AMAL”. The company’s leadership team will join with employees from all levels of the bank to ring the opening bell at Nasdaq on Friday, August 10, 2018 to mark the milestone.
Amalgamated Bank (“Amalgamated”) (Nasdaq: AMAL) today announced the pricing of its initial public offering of 6,718,729 shares of Class A common stock at a public offering price of $15.50 per share. The underwriters have also been granted a 30-day option to purchase up to an additional 1,007,809 shares of Class A common stock. All of the shares in the offering are to be sold by the selling stockholders. Amalgamated will not receive any proceeds from the offering.
Amalgamated Bank (“Amalgamated”) today announced the launch of its initial public offering of 6.7 million shares of Class A common stock. The initial public offering price is expected to be between $15.00 to $17.00 per share. The shares will be offered by certain selling stockholders. Amalgamated’s common stock is expected to trade on the Nasdaq Global Market under the ticker symbol “AMAL.”