Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank serves working-class consumers, trade unions, and businesses through about 20 branches in and around New York City, as well as locations in California, New Jersey, Nevada, and Washington, DC. Services include deposit accounts, fund administration, and asset-based lending. Amalgamated Bank is owned by UNITE HERE, a trade union of textile and hospitality trade employees, making it the only union-owned bank in the US. The union was formed in 2004 through the merger of Unite (formerly Union of Needletrades, Industrial and Textile Employees) and Here (Hotel Employees and Restaurant International Union).
Amalgamated Bank
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3.65
Overall Excellence Rating
Industry
Financial ServicesCategory
Banking & LendingESG/Ethical Impact
Since 1923, Amalgamated Bank has been empowering those companies, organizations and individuals leading the charge to make our world more just, compassionate and sustainable. Social responsibility is embedded in our history, our policies, our products, our programs, our operations and our culture. In October, 2019, Amalgamated Bank formed a CSR Committee whose purpose is to support our ongoing commitment to environmental performance, health and safety, corporate social responsibility, corporate governance, sustainability and other public policy matters relevant to the bank. It is on this site, that we will publicly communicate those initiatives, policies and measurements relating to our ESG goals. Grew the volume and share of our lending and select balance sheet investments supporting clients in high impact sectors such as climate solutions and affordable housing. Awarded the 2022 Green Bank Award for Outstanding Partnership by the Connecticut Green Bank and was named as one of the top three banks globally for sustainable banking revenues.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer.
Awards Received
2023
Revenues
365000000
Website Traffic
Employee Rating
2.4
Customer Rating
2.9
Company Size
100-1000
ESG Risk Rating
4
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