Amalgamated Financial Corp. AMAL

Company Overview

Amalgamated Financial Corp. (AMAL) is a bank holding company and the parent of Amalgamated Bank, a U.S.-chartered commercial bank. The company operates within the banking and financial services industry, with a distinctive focus on serving labor unions, political organizations, non-profits, advocacy groups, and mission-driven businesses, alongside commercial and retail customers. Its core offerings include commercial and industrial lending, commercial real estate lending, consumer banking, treasury management, and trust and investment management services.

Founded in 1923, Amalgamated Bank was established by leaders of the Amalgamated Clothing Workers of America to provide financial services to working-class communities and labor organizations. Over time, the institution evolved into a full-service commercial bank with a national footprint, while maintaining a strategic emphasis on socially responsible banking, environmental sustainability, and governance-focused finance. Amalgamated Financial Corp. became a publicly traded company following its initial public offering in 2018, while the bank’s labor-oriented ownership structure and mission-driven positioning have remained central to its identity.