Amalgamated Bank history

Amalgamated Source

Amalgamated Financial Corp. (Nasdaq: AMAL), the holding company for Amalgamated Bank (“AMAL”), America’s socially responsible bank, today announced it has entered into a definitive agreement to acquire Amalgamated Investments Company, the holding company for Amalgamated Bank of Chicago (“ABOC”), for approximately $98.1 million, which includes an earnout of up to $1.1 million, in an all-cash transaction.

Amalgamated Source

Amalgamated FinancialCorp. (Nasdaq: AMAL) (“Amalgamated” or the “Company”), today announced that it has appointed Jason Darby as Chief Financial Officer and Senior Executive Vice President, effective immediately.

Amalgamated Source

Amalgamated Financial Corp. [Nasdaq: AMAL] (“Amalgamated” or the “Company”), America’s socially responsible bank, today named Priscilla Sims Brown its next President and Chief Executive Officer.

Amalgamated Source

Amalgamated Financial Corp. (Nasdaq: AMAL) (“Amalgamated” or the “Company”), today announced that Drew LaBenne, Senior Executive Vice President and Chief Financial Officer, has informed the Board of Directors of his decision to depart the Company to pursue a professional opportunity outside the banking industry.

Amalgamated Source

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.

Amalgamated Bank was founded almost 100 years ago to create a diverse, inclusive, and egalitarian community for labor workers. These tenets of our founding are elevated again today as we proudly announce that the Human Rights Campaign Corporate Equality Index (HRC CEI) has designated Amalgamated Bank “One of the Best Places to Work” in 2021.

Amalgamated Source

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 Source

Amalgamated Bank (Nasdaq: AMAL) today announced the publication of its 2019 Corporate Social Responsibility (CSR) Report. This report, titled “Responsibility in Action,” provides a comprehensive overview of Amalgamated’s CSR policies, strategies, initiatives, and related performance. For nearly 100 years, Amalgamated has used its financial resources and corporate influence to advance economic, social, and environmental change.

As 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.

Amalgamated Source

Amalgamated Bank (NYSE: AMAL) announced today that it has entered into an agreement with Invesco to become a sub-adviser for Amalgamated’s Investment Management business.