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Amalgamated Bank - Wikipedia

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searchaux" style="display:none">American financial institution</div> <style data-mw-deduplicate="TemplateStyles:r1236090951">.mw-parser-output .hatnote{font-style:italic}.mw-parser-output div.hatnote{padding-left:1.6em;margin-bottom:0.5em}.mw-parser-output .hatnote i{font-style:normal}.mw-parser-output .hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">For other uses, see <a href="/wiki/Amalgamated_Bank_(disambiguation)" class="mw-disambig" title="Amalgamated Bank (disambiguation)">Amalgamated Bank (disambiguation)</a>.</div> <style data-mw-deduplicate="TemplateStyles:r1251242444">.mw-parser-output .ambox{border:1px solid #a2a9b1;border-left:10px solid #36c;background-color:#fbfbfb;box-sizing:border-box}.mw-parser-output .ambox+link+.ambox,.mw-parser-output .ambox+link+style+.ambox,.mw-parser-output .ambox+link+link+.ambox,.mw-parser-output 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article <b>contains <a href="/wiki/Wikipedia:What_Wikipedia_is_not#Wikipedia_is_not_a_soapbox_or_means_of_promotion" title="Wikipedia:What Wikipedia is not">promotional content</a></b>.<span class="hide-when-compact"> Please help <a class="external text" href="https://en.wikipedia.org/w/index.php?title=Amalgamated_Bank&amp;action=edit">improve it</a> by removing <a href="/wiki/Wikipedia:Spam" title="Wikipedia:Spam">promotional language</a> and inappropriate <a href="/wiki/Wikipedia:External_links#Advertising_and_conflicts_of_interest" title="Wikipedia:External links">external links</a>, and by adding encyclopedic text written from a <a href="/wiki/Wikipedia:Neutral_point_of_view" title="Wikipedia:Neutral point of view">neutral point of view</a>.</span> <span class="date-container"><i>(<span class="date">March 2021</span>)</i></span><span class="hide-when-compact"><i> (<small><a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a></small>)</i></span></div></td></tr></tbody></table> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">Amalgamated Financial Corp.</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Amalgamated_Bank_logo.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/0/0a/Amalgamated_Bank_logo.svg/220px-Amalgamated_Bank_logo.svg.png" decoding="async" width="220" height="58" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/0/0a/Amalgamated_Bank_logo.svg/330px-Amalgamated_Bank_logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/0/0a/Amalgamated_Bank_logo.svg/440px-Amalgamated_Bank_logo.svg.png 2x" data-file-width="173" data-file-height="46" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/Nasdaq" title="Nasdaq">Nasdaq</a>:&#160;<a rel="nofollow" class="external text" href="https://www.nasdaq.com/market-activity/stocks/amal">AMAL</a><br /><a href="/wiki/Russell_2000_Index" title="Russell 2000 Index">Russell 2000 Index</a> component</td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Banking" class="mw-redirect" title="Banking">Banking</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">April&#160;14, 1923<span class="noprint">&#59;&#32;101 years ago</span><span style="display:none">&#160;(<span class="bday dtstart published updated">1923-04-14</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label">275 <a href="/wiki/Seventh_Avenue_(Manhattan)" title="Seventh Avenue (Manhattan)">Seventh Avenue</a>, <a href="/wiki/New_York_City" title="New York City">New York City</a>, <a href="/wiki/New_York_(state)" title="New York (state)">New York</a>, <a href="/wiki/United_States" title="United States">U.S.</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Priscilla Sims Brown (<a href="/wiki/President_(corporate_title)" title="President (corporate title)">president</a> &amp; <a href="/wiki/Chief_executive_officer" title="Chief executive officer">CEO</a>)</td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> $293.371 million (2023)<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> $90.459 million (2023)</td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Asset" title="Asset">Total assets</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> $7.97 billion (2023)</td></tr><tr><th scope="row" class="infobox-label">Owner</th><td class="infobox-data">Workers United Related Parties (40.96%)<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> 425 (2023)<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">&#91;</span>3<span class="cite-bracket">&#93;</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Subsidiary" title="Subsidiary">Subsidiaries</a></th><td class="infobox-data"><a href="/wiki/New_Resource_Bank" title="New Resource Bank">New Resource Bank</a></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://amalgamatedbank.com">amalgamatedbank<wbr />.com</a></span></td></tr></tbody></table> <p><b>Amalgamated Bank</b> is an American financial institution. It is the largest union-owned bank<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> and one of the only unionized banks in the United States. Amalgamated Bank is currently majority-owned by <a href="/wiki/Workers_United" title="Workers United">Workers United</a>, an <a href="/wiki/SEIU" class="mw-redirect" title="SEIU">SEIU</a> Affiliate.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">&#91;</span>5<span class="cite-bracket">&#93;</span></a></sup> </p><p>It was founded on April 14, 1923, by the <a href="/wiki/Amalgamated_Clothing_Workers_of_America" title="Amalgamated Clothing Workers of America">Amalgamated Clothing Workers of America</a>.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> As of 30&#160;July&#160;2023,<sup class="plainlinks noexcerpt noprint asof-tag update" style="display:none;"><a class="external text" href="https://en.wikipedia.org/w/index.php?title=Amalgamated_Bank&amp;action=edit">&#91;update&#93;</a></sup> Amalgamated Bank had $7.8 billion in assets.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup> Through its Institutional Asset Management and Custody Division, Amalgamated Bank is one of the leading providers of investment and trust services to <a href="/wiki/Taft%E2%80%93Hartley_Act" title="Taft–Hartley Act">Taft–Hartley plans</a> in the United States. The bank oversees over $45 billion in investment advisory and custodial services. </p><p>In August 2018, Amalgamated Bank filed an <a href="/wiki/Initial_public_offering" title="Initial public offering">initial public offering</a> and became publicly traded on the <a href="/wiki/NASDAQ" class="mw-redirect" title="NASDAQ">NASDAQ</a>, under the <a href="/wiki/Ticker_symbol" title="Ticker symbol">ticker symbol</a> "AMAL". </p><p>The bank offers personal banking, small business banking solutions, commercial banking, and institutional investing services across New York, California, Massachusetts, Washington, D.C., and Colorado. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:AmalgPlaque.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/8/8a/AmalgPlaque.jpg/220px-AmalgPlaque.jpg" decoding="async" width="220" height="247" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/8/8a/AmalgPlaque.jpg/330px-AmalgPlaque.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/8/8a/AmalgPlaque.jpg/440px-AmalgPlaque.jpg 2x" data-file-width="1002" data-file-height="1123" /></a><figcaption>Plaque in the Lobby of the Bank's Corp HQ</figcaption></figure> <p>On March 16, 1923, the <a href="/wiki/Amalgamated_Clothing_Workers_of_America" title="Amalgamated Clothing Workers of America">Amalgamated Clothing Workers of America</a> chartered the Amalgamated Bank of New York. On April 14, 1923, the bank opened its doors to the public on East 14th Street, Manhattan, next door to a former site of <a href="/wiki/Tiffany_%26_Co." title="Tiffany &amp; Co.">Tiffany's</a> on <a href="/wiki/Union_Square,_Manhattan" title="Union Square, Manhattan">Union Square</a>. Within a short time, 2,400 people had deposited $450,000 with the bank. Within weeks, it had to expand vertically onto two floors above in the same building. In the <i><a href="/wiki/The_Liberator_(magazine)" title="The Liberator (magazine)">Liberator</a></i> magazine, the bank advertised its ownership and operations by the Amalgamated Clothing Workers. It listed chairman <a href="/w/index.php?title=Hyman_Blumberg&amp;action=edit&amp;redlink=1" class="new" title="Hyman Blumberg (page does not exist)">Hyman Blumberg</a>, president R. L. Redheffer, vice president <a href="/wiki/Jacob_Potofsky" title="Jacob Potofsky">Jacob S. Potofsky</a>, cashier Leroy Peterson, and other directors: Gold, <a href="/wiki/Sidney_Hillman" title="Sidney Hillman">Sidney Hillman</a>, <a href="/wiki/Max_Lowenthal" title="Max Lowenthal">Max Lowenthal</a>, <a href="/wiki/August_Bellanca" title="August Bellanca">August Bellanca</a>, <a href="/wiki/Fiorello_H._La_Guardia" class="mw-redirect" title="Fiorello H. La Guardia">Fiorello H. La Guardia</a>, <a href="/wiki/Abraham_Miller" title="Abraham Miller">Abraham Miller</a>, <a href="/wiki/Joseph_Schlossberg" title="Joseph Schlossberg">Joseph Schlossberg</a>, <a href="/w/index.php?title=Murray_Weinstein&amp;action=edit&amp;redlink=1" class="new" title="Murray Weinstein (page does not exist)">Murray Weinstein</a>, <a href="/wiki/Max_Zaritsky" title="Max Zaritsky">Max Zaritsky</a>, and <a href="/w/index.php?title=Peter_Monat&amp;action=edit&amp;redlink=1" class="new" title="Peter Monat (page does not exist)">Peter Monat</a>.<sup id="cite_ref-Pioneering_8-0" class="reference"><a href="#cite_note-Pioneering-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Evolution_10-0" class="reference"><a href="#cite_note-Evolution-10"><span class="cite-bracket">&#91;</span>10<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-JTA19230213_11-0" class="reference"><a href="#cite_note-JTA19230213-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-JTA19260125_12-0" class="reference"><a href="#cite_note-JTA19260125-12"><span class="cite-bracket">&#91;</span>12<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 1927, Amalgamated Bank financed the <a href="/wiki/Amalgamated_Housing_Cooperative" title="Amalgamated Housing Cooperative">Amalgamated Housing Cooperative</a>, the first union-supported housing development in the United States, which is located in <a href="/wiki/The_Bronx" title="The Bronx">The Bronx</a>.<sup id="cite_ref-History_13-0" class="reference"><a href="#cite_note-History-13"><span class="cite-bracket">&#91;</span>13<span class="cite-bracket">&#93;</span></a></sup> In the late 1920s, Amalgamated Bank had a "Travel Department" that advertised "Visit Soviet Russia" in <i><a href="/wiki/New_Masses" title="New Masses">New Masses</a></i> magazine.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup> In 1957, it financed the construction of Park Reservoir Housing Cooperative in the Bronx, which was the first affordable housing development created under New York State's <a href="/wiki/Mitchell-Lama_Housing_Program" class="mw-redirect" title="Mitchell-Lama Housing Program">Mitchell-Lama Housing Program</a>.<sup id="cite_ref-History_13-1" class="reference"><a href="#cite_note-History-13"><span class="cite-bracket">&#91;</span>13<span class="cite-bracket">&#93;</span></a></sup> Amalgamated has a long history of helping union movements. It once opened its bank vaults on a Saturday to provide $300,000 in bail for striking workers. The National Association for the Advancement of Colored People (<a href="/wiki/NAACP" title="NAACP">NAACP</a>) received $800,000 to post a cash bond within 24 hours. In 1973, bank employees worked all weekend to keep striking Philadelphia teachers out of jail. In 1982, Amalgamated made a $200,000 loan to the striking <a href="/wiki/National_Football_League_Players_Association" title="National Football League Players Association">National Football League Players Association</a> even though they did not even have an account at the bank.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">&#91;</span>15<span class="cite-bracket">&#93;</span></a></sup> </p><p>In May 2018, the Amalgamated Bank merged with <a href="/wiki/New_Resource_Bank" title="New Resource Bank">New Resource Bank</a> of San Francisco.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">&#91;</span>16<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-merger_1_17-0" class="reference"><a href="#cite_note-merger_1-17"><span class="cite-bracket">&#91;</span>17<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">&#91;</span>18<span class="cite-bracket">&#93;</span></a></sup> </p><p>In August 2018, Amalgamated became a public company and filed for an initial public offering of stock to trade on the <a href="/wiki/Nasdaq" title="Nasdaq">Nasdaq</a> Global Market under the ticker symbol "AMAL."<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">&#91;</span>19<span class="cite-bracket">&#93;</span></a></sup> </p><p>In March 2021, the bank became the first publicly traded financial services company to be a public benefit corporation.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Products_and_services">Products and services</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=2" title="Edit section: Products and services"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:Amalgamated_Bank_branch_wash_dc.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/5/53/Amalgamated_Bank_branch_wash_dc.jpg/250px-Amalgamated_Bank_branch_wash_dc.jpg" decoding="async" width="250" height="332" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/53/Amalgamated_Bank_branch_wash_dc.jpg/375px-Amalgamated_Bank_branch_wash_dc.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/53/Amalgamated_Bank_branch_wash_dc.jpg/500px-Amalgamated_Bank_branch_wash_dc.jpg 2x" data-file-width="3072" data-file-height="4080" /></a><figcaption>Amalgamated Bank branch on <a href="/wiki/K_Street_(Washington,_D.C.)" title="K Street (Washington, D.C.)">K Street</a> in Washington, DC</figcaption></figure> <p>Headquartered in New York City, Amalgamated Bank has 5 branches, 3 in New York City, 1 in Washington D.C., and 1 in San Francisco.<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">&#91;</span>21<span class="cite-bracket">&#93;</span></a></sup> There is also 24-hour access through online and mobile banking. Amalgamated Bank offers comprehensive financial services for individuals, small businesses and commercial clients. Products include: deposits, loans, investments, cash management, residential and commercial mortgages. Checking customers have access to over 40,000 surcharge-free ATMs across the U.S. through the <a href="/wiki/Allpoint" title="Allpoint">Allpoint</a> Network. Amalgamated Bank specializes in providing loans and banking services to political and advocacy groups, nonprofit organizations, labor unions and Middle Market companies. Some notable clients of the bank include labor unions as the <a href="/wiki/American_Federation_of_State,_County_and_Municipal_Employees" title="American Federation of State, County and Municipal Employees">American Federation of State, County and Municipal Employees</a>, the <a href="/wiki/International_Association_of_Firefighters" class="mw-redirect" title="International Association of Firefighters">International Association of Firefighters</a>,<sup id="cite_ref-:0_22-0" class="reference"><a href="#cite_note-:0-22"><span class="cite-bracket">&#91;</span>22<span class="cite-bracket">&#93;</span></a></sup> the <a href="/wiki/Service_Employees_International_Union" title="Service Employees International Union">Service Employees International Union</a>, and the <a href="/wiki/United_Federation_of_Teachers" title="United Federation of Teachers">United Federation of Teachers</a> as well as other groups such as the <a href="/wiki/Democratic_Governors_Association" title="Democratic Governors Association">Democratic Governors Association</a>,<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">&#91;</span>23<span class="cite-bracket">&#93;</span></a></sup> <a href="/wiki/Economic_Policy_Institute" title="Economic Policy Institute">Economic Policy Institute</a>, <a href="/wiki/League_of_Conservation_Voters" title="League of Conservation Voters">League of Conservation Voters</a>, <a href="/wiki/Organizing_for_Action" title="Organizing for Action">Organizing for Action</a>, and <a href="/wiki/Public_Citizen" title="Public Citizen">Public Citizen</a>. Workers United remains a client, e.g., Philadelphia Joint Board, Workers United.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">&#91;</span>24<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Corporate_governance">Corporate governance</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=3" title="Edit section: Corporate governance"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Amalgamated Bank has a long history of shareholder activism: </p> <ul><li>1990s: Urged each Board be composed in majority of independent directors ahead of regulated requirement</li> <li>1994: Fought sweatshop abuses by urging companies to adopt and monitor Codes of Conduct</li> <li>1997: Started advocating full public reporting of all corporate political contributions, including "soft money" donations and later trade associations and 501(c)(4) organizations</li> <li>2000: Started challenging outsized severance packages by demanding limits to golden parachutes</li> <li>2001: Took legal action against <a href="/wiki/Enron" title="Enron">Enron</a> for massive accounting fraud,<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">&#91;</span>25<span class="cite-bracket">&#93;</span></a></sup> eventually recovering billions of dollars in losses for investors</li> <li>2004: Pioneered shareholder resolutions requiring companies to have <a href="/wiki/Clawback" title="Clawback">clawback</a> policies in order to recover ill-gotten executive pay<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">&#91;</span>26<span class="cite-bracket">&#93;</span></a></sup></li> <li>2011: Spearheaded initiative to urge oil companies to integrate environmental and safety performance as condition for executive bonuses</li> <li>2013: Achieved largest shareholder derivative settlement in Delaware, alleging failed board oversight in wake of hacking scandal at <a href="/wiki/News_Corporation_(1980%E2%80%932013)" class="mw-redirect" title="News Corporation (1980–2013)">News Corp</a><sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">&#91;</span>27<span class="cite-bracket">&#93;</span></a></sup></li> <li>2014: Sponsored shareholder resolution to limit windfall golden parachutes for executives at <a href="/wiki/Valero_Energy_Corp." class="mw-redirect" title="Valero Energy Corp.">Valero Energy Corp.</a> upon change-in-control of company (rare majority vote in support of tightening executive compensation standards)</li> <li>2015: Announced: <ul><li>$137.5 million settlement of derivative suit on behalf of shareholders in <a href="/wiki/Freeport-McMoRan_Inc." class="mw-redirect" title="Freeport-McMoRan Inc.">Freeport-McMoRan Inc.</a> (Arizona-based metals and mining corporation formerly known as Freeport McMoRan Copper &amp; Gold, Inc.)</li> <li>Record-breaking $146.25 million settlement on behalf of shareholders in a lawsuit against <a href="/wiki/Duke_Energy" title="Duke Energy">Duke Energy Corporation</a><sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">&#91;</span>28<span class="cite-bracket">&#93;</span></a></sup></li> <li>Secured agreement from five major energy companies to limit potential golden parachutes for executives in event of merger or other change of company control<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">&#91;</span>29<span class="cite-bracket">&#93;</span></a></sup></li></ul></li></ul> <div class="mw-heading mw-heading2"><h2 id="Corporate_values">Corporate values</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=4" title="Edit section: Corporate values"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Purchasing_policy">Purchasing policy</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=5" title="Edit section: Purchasing policy"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Since its founding in 1923, Amalgamated Bank has been dedicated to supporting American workers and the American Labor Movement. The bank strives to purchase as many products as possible that have been made by union workers in America. In addition, the bank aims to hire union contractors for its building and construction projects and to have its outside printing produced by union printers with the union label displayed. The bank also does its best to fly on unionized airlines and stay at unionized hotels.<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">&#91;</span>30<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Minimum_wage">Minimum wage</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=6" title="Edit section: Minimum wage"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2015, Amalgamated Bank announced that it would become the first bank in the nation to raise all employee wages to a minimum of $15 per hour.<sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">&#91;</span>31<span class="cite-bracket">&#93;</span></a></sup> </p><p>Amalgamated announced the news on the heels of the release of a study<sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">&#91;</span>32<span class="cite-bracket">&#93;</span></a></sup> by the <a href="/w/index.php?title=National_Employment_Law_Project&amp;action=edit&amp;redlink=1" class="new" title="National Employment Law Project (page does not exist)">National Employment Law Project</a> detailing a great discrepancy in wages in the banking industry. According to the study, while full-time bank tellers earn $25,800/year on average, a typical bank CEO makes in the tens of millions of dollars annually after full compensation packages are included. In New York, the study found that the median wage for bank tellers is $13.31 per hour leaving 39% of New York State bank tellers enrolled in public assistance programs. </p><p>Amalgamated Bank's CEO-to-worker pay ratio is 17:1.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">&#91;</span>33<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Commitment_to_affordable_housing">Commitment to affordable housing</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=7" title="Edit section: Commitment to affordable housing"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Throughout its history, Amalgamated Bank has consistently funded the construction and renovation of affordable housing developments. Through its Affordable Housing Construction Loan program,<sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">&#91;</span>34<span class="cite-bracket">&#93;</span></a></sup> the bank will invest more than $100 million to rehabilitate and build thousands of affordable units in New York. As part of its commitment to affordable housing, Amalgamated Bank also helped create a new product launched in April 2016, which was the first of its kind to offer home buyers down-payment protection should they face turbulent market conditions.<sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">&#91;</span>35<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Accessibility_in_banking">Accessibility in banking</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=8" title="Edit section: Accessibility in banking"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In an effort to open up the benefits of the banking system to all people, Amalgamated Bank accepts 12 forms of identification for account opening, including <a href="/wiki/IDNYC" class="mw-redirect" title="IDNYC">IDNYC</a>, New York City's <a href="/wiki/Municipal_identification_card" class="mw-redirect" title="Municipal identification card">municipal identification card</a>. </p><p>Access to banking in NYC has long been an issue. The NYC Department of Consumer Affairs estimates that around 1 million adult New Yorkers do not have bank accounts, but instead use fringe financial services like check cashers to pay bills, cash payroll checks, buy money orders and conduct other financial transactions.<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">&#91;</span>36<span class="cite-bracket">&#93;</span></a></sup> </p><p>IDNYC cards can be obtained by city residents at no cost and can be used at any of Amalgamated Bank's NYC branches across the Bronx, Brooklyn, Manhattan and Queens. The cards are now an acceptable form of government-issued photo documentation for purposes of verifying the customer's identity when opening an account under the Customer Identification Program ("CIP") requirements of the Bank Secrecy Act.<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">&#91;</span>37<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=9" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239009302">.mw-parser-output .portalbox{padding:0;margin:0.5em 0;display:table;box-sizing:border-box;max-width:175px;list-style:none}.mw-parser-output .portalborder{border:1px solid 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References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://ir.amalgamatedbank.com/news-releases/news-release-details/amalgamated-financial-corp-reports-fourth-quarter-2023-financial/">"Amalgamated Financial Corp. Reports Fourth Quarter 2023 Financial Results: $170.8 Million Deposit Growth Excluding Brokered CDs; Net Interest Margin Rises to 3.44%"</a>. <i>ir.amalgamatedbank.com</i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=ir.amalgamatedbank.com&amp;rft.atitle=Amalgamated+Financial+Corp.+Reports+Fourth+Quarter+2023+Financial+Results%3A+%24170.8+Million+Deposit+Growth+Excluding+Brokered+CDs%3B+Net+Interest+Margin+Rises+to+3.44%25&amp;rft_id=https%3A%2F%2Fir.amalgamatedbank.com%2Fnews-releases%2Fnews-release-details%2Famalgamated-financial-corp-reports-fourth-quarter-2023-financial%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1823608/000182360824000104/amal-20240411.htm">"UNITED STATES SECURITIES AND EXCHANGE COMMISSION - Washington, D.C. 20549 - SCHEDULE 14A - Proxy Statement Pursuant to Section 14(a) of the Securities - Exchange Act of 1934 - (Amendment No. )"</a>. <i>www.sec.gov</i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=www.sec.gov&amp;rft.atitle=UNITED+STATES+SECURITIES+AND+EXCHANGE+COMMISSION+-+Washington%2C+D.C.+20549+-+SCHEDULE+14A+-+Proxy+Statement+Pursuant+to+Section+14%28a%29+of+the+Securities+-+Exchange+Act+of+1934+-+%28Amendment+No.+%29&amp;rft_id=https%3A%2F%2Fwww.sec.gov%2Fix%3Fdoc%3D%2FArchives%2Fedgar%2Fdata%2F1823608%2F000182360824000104%2Famal-20240411.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1823608/000182360824000076/amal-20231231.htm">"UNITED STATES SECURITIES AND EXCHANGE COMMISSION - Washington, D.C. 20549 - FORM 10-K - ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 - For the fiscal year ended December 31, 2023"</a>. <i>www.sec.gov</i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=www.sec.gov&amp;rft.atitle=UNITED+STATES+SECURITIES+AND+EXCHANGE+COMMISSION+-+Washington%2C+D.C.+20549+-+FORM+10-K+-+ANNUAL+REPORT+PURSUANT+TO+SECTION+13+OR+15%28d%29+OF+THE+SECURITIES+EXCHANGE+ACT+OF+1934+-+For+the+fiscal+year+ended+December+31%2C+2023&amp;rft_id=https%3A%2F%2Fwww.sec.gov%2Fix%3Fdoc%3D%2FArchives%2Fedgar%2Fdata%2F1823608%2F000182360824000076%2Famal-20231231.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.americanbanker.com/issues/177_110/Amalgamated-Grebow-private-equity-labor-Dodd-Frank-1049964-1.html">Amalgamated CEO Eager to Grow Nation's Biggest Union Owned Bank</a>, American Banker, Retrieved 08-16-2013</span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFConfessore2015" class="citation news cs1">Confessore, Nicholas (30 August 2015). <a rel="nofollow" class="external text" href="https://www.nytimes.com/2015/08/30/us/politics/owned-by-union-amalgamated-bank-gives-lift-to-the-left.html">"Owned by Union, Amalgamated Bank Gives Lift to the Left"</a>. <i>New York Times</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2 August</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=New+York+Times&amp;rft.atitle=Owned+by+Union%2C+Amalgamated+Bank+Gives+Lift+to+the+Left&amp;rft.date=2015-08-30&amp;rft.aulast=Confessore&amp;rft.aufirst=Nicholas&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F2015%2F08%2F30%2Fus%2Fpolitics%2Fowned-by-union-amalgamated-bank-gives-lift-to-the-left.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-6"><span class="mw-cite-backlink"><b><a href="#cite_ref-6">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://www.amalgamatedbank.com/our-history">Amalgamated Bank History</a>. Retrieved 2015-06-23</span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.americanbanker.com/news/the-most-powerful-women-in-banking-2023-priscilla-sims-brown-amalgamated-bank">"The Most Powerful Women in Banking: No. 25, Priscilla Sims Brown, Amalgamated Bank"</a>. <i>American Banker</i>. 27 September 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">14 December</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=American+Banker&amp;rft.atitle=The+Most+Powerful+Women+in+Banking%3A+No.+25%2C+Priscilla+Sims+Brown%2C+Amalgamated+Bank&amp;rft.date=2023-09-27&amp;rft_id=https%3A%2F%2Fwww.americanbanker.com%2Fnews%2Fthe-most-powerful-women-in-banking-2023-priscilla-sims-brown-amalgamated-bank&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-Pioneering-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-Pioneering_8-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFPotofsky1963" class="citation web cs1"><a href="/wiki/Jacob_Potofsky" title="Jacob Potofsky">Potofsky, Jacob S.</a> (May 1963). <a class="external text" href="https://en.wikipedia.org/w/index.php?title=Amalgamated_Bank&amp;action=edit&amp;section=1">"The Pioneering of Workers' Banks"</a>. The Federationist: Official Monthly Magazine of the AFL-CIO<span class="reference-accessdate">. Retrieved <span class="nowrap">28 January</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=The+Pioneering+of+Workers%27+Banks&amp;rft.pub=The+Federationist%3A+Official+Monthly+Magazine+of+the+AFL-CIO&amp;rft.date=1963-05&amp;rft.aulast=Potofsky&amp;rft.aufirst=Jacob+S.&amp;rft_id=https%3A%2F%2Fen.wikipedia.org%2Fw%2Findex.php%3Ftitle%3DAmalgamated_Bank%26action%3Dedit%26section%3D1&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-9"><span class="mw-cite-backlink"><b><a href="#cite_ref-9">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation journal cs1"><a rel="nofollow" class="external text" href="https://www.marxists.org/history/usa/culture/pubs/liberator/1923/05/v6n05-w61-may-1923-liberator.pdf">"Amalgamated Bank of New York (advertisement)"</a> <span class="cs1-format">(PDF)</span>. <i>The Liberator</i>. May 1923<span class="reference-accessdate">. Retrieved <span class="nowrap">20 August</span> 2017</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Liberator&amp;rft.atitle=Amalgamated+Bank+of+New+York+%28advertisement%29&amp;rft.date=1923-05&amp;rft_id=https%3A%2F%2Fwww.marxists.org%2Fhistory%2Fusa%2Fculture%2Fpubs%2Fliberator%2F1923%2F05%2Fv6n05-w61-may-1923-liberator.pdf&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-Evolution-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-Evolution_10-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation book cs1"><a rel="nofollow" class="external text" href="https://books.google.com/books?id=kLwiAQAAMAAJ"><i>The Evolution of Banking: A Story of the Transition from the Feudal Moneylender to the Labor Bank</i></a>. Amalgamated Clothing Workers of America. 1926. p.&#160;1<span class="reference-accessdate">. Retrieved <span class="nowrap">11 September</span> 2017</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=book&amp;rft.btitle=The+Evolution+of+Banking%3A+A+Story+of+the+Transition+from+the+Feudal+Moneylender+to+the+Labor+Bank&amp;rft.pages=1&amp;rft.pub=Amalgamated+Clothing+Workers+of+America&amp;rft.date=1926&amp;rft_id=https%3A%2F%2Fbooks.google.com%2Fbooks%3Fid%3DkLwiAQAAMAAJ&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-JTA19230213-11"><span class="mw-cite-backlink"><b><a href="#cite_ref-JTA19230213_11-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://www.jta.org/1923/02/13/archive/organize-amalgamated-bank-of-new-york">"Organize Amalgamated Bank of New York"</a>. Jewish Telegraph Agency. 13 February 1926<span class="reference-accessdate">. Retrieved <span class="nowrap">11 September</span> 2017</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.atitle=Organize+Amalgamated+Bank+of+New+York&amp;rft.date=1926-02-13&amp;rft_id=http%3A%2F%2Fwww.jta.org%2F1923%2F02%2F13%2Farchive%2Forganize-amalgamated-bank-of-new-york&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-JTA19260125-12"><span class="mw-cite-backlink"><b><a href="#cite_ref-JTA19260125_12-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://www.jta.org/1926/01/25/archive/amalgamated-first-jewish-labor-bank-shows-great-progress-in-two-years-existence">"Amalgamated, First Jewish Labor Bank, Shows Great Progress in Two Years Existence"</a>. 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Retrieved <span class="nowrap">2017-10-03</span></span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=ValueInsured+and+Amalgamated+Bank+Offer+First-of-its-Kind+Protection+for+Homebuyers%27+Down+Payments&amp;rft.au=ValueInsured&amp;rft_id=http%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fvalueinsured-and-amalgamated-bank-offer-first-of-its-kind-protection-for-homebuyers-down-payments-300250456.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-36"><span class="mw-cite-backlink"><b><a href="#cite_ref-36">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.nyc.gov/html/dca/html/pr2010/pr_022510.shtml">"More Than 825,000 Adults in New York City Do Not Have Bank or Credit Union Accounts According To New Citywide Study, NYC Department of Consumer Affairs website"</a><span class="reference-accessdate">. Retrieved <span class="nowrap">29 November</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=More+Than+825%2C000+Adults+in+New+York+City+Do+Not+Have+Bank+or+Credit+Union+Accounts+According+To+New+Citywide+Study%2C+NYC+Department+of+Consumer+Affairs+website&amp;rft_id=http%3A%2F%2Fwww.nyc.gov%2Fhtml%2Fdca%2Fhtml%2Fpr2010%2Fpr_022510.shtml&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> <li id="cite_note-37"><span class="mw-cite-backlink"><b><a href="#cite_ref-37">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20160618201738/https://www.amalgamatedbank.com/article/2015-01-12/muniid">"Home"</a>. <i>Amalgamated Bank</i>. Archived from <a rel="nofollow" class="external text" href="https://www.amalgamatedbank.com/article/2015-01-12/muniid">the original</a> on 18 June 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">29 November</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Amalgamated+Bank&amp;rft.atitle=Home&amp;rft_id=https%3A%2F%2Fwww.amalgamatedbank.com%2Farticle%2F2015-01-12%2Fmuniid&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAmalgamated+Bank" class="Z3988"></span></span> </li> </ol></div></div> <!-- NewPP limit report Parsed by mw‐api‐ext.codfw.main‐7556f8b5dd‐pwx4r Cached time: 20241122153325 Cache expiry: 2592000 Reduced expiry: false Complications: [vary‐revision‐sha1, show‐toc] CPU time usage: 0.672 seconds Real time usage: 0.789 seconds Preprocessor visited node count: 3112/1000000 Post‐expand include size: 67197/2097152 bytes Template argument size: 3243/2097152 bytes Highest expansion depth: 23/100 Expensive parser function count: 5/500 Unstrip recursion depth: 1/20 Unstrip post‐expand size: 103772/5000000 bytes Lua time usage: 0.408/10.000 seconds Lua memory usage: 7802037/52428800 bytes Number of Wikibase entities loaded: 1/400 --> <!-- Transclusion expansion time report (%,ms,calls,template) 100.00% 720.030 1 -total 42.60% 306.698 1 Template:Reflist 23.41% 168.593 10 Template:Cite_web 20.05% 144.371 1 Template:Infobox_company 18.08% 130.187 1 Template:Infobox 13.55% 97.592 1 Template:Short_description 10.08% 72.599 13 Template:Cite_news 9.63% 69.317 1 Template:Advert 8.75% 62.986 2 Template:Pagetype 8.55% 61.545 1 Template:Ambox --> <!-- Saved in parser cache with key enwiki:pcache:idhash:27532496-0!canonical and timestamp 20241122153325 and revision id 1248420306. 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