Company Profile
Amalgamated Financial Corp. (NASDAQ: AMAL) (“Amalgamated” or “the company”), headquartered in New York City, is the holding company of Amalgamated Bank (“the bank”), founded by a union in 1923, marking over 100 years of operating history. With social responsibility embedded in its corporate strategy, AMAL serves a niche client base comprised of various organizations with similar values, including labor unions, sustainable businesses, non-profits, social welfare, and political organizations. Focused on its core client base, AMAL offers retail and commercial banking products and services, as well as trust, custody, and investment management services (AUC/M of $34.6 billion/$14.0 billion as of 2Q24). AMAL operates a branch lite model with three branches in NYC, one branch in Washington, D.C., one in San Francisco, and one in Boston.
AMAL’s loan book includes significant residential mortgage (31%) and multifamily (28%) components, as well as C&I (23%, including…