We are thrilled to announce two additions to the Amalgamated team: Nicole Steele, who joins us as the Director of Climate Partnership Banking, and Emily Robichaux, who rejoins Amalgamated to assume the Director of Climate Partnership Lending role. This team of nationally recognized industry experts will drive the bank’s efforts to execute on the potential of the Greenhouse Gas Reduction Fund (GGRF), making clean energy accessible to underserved communities across America. They bring over 35 combined years in sustainable finance and clean energy, joining our roster of leaders who are already driving climate justice through the financial system with a vision of a better planet for all. As a founder of the UN Net Zero Banking Alliance and the first US bank to set net zero targets validated by Science Based Targets Initiative (SBTi), Amalgamated is a leader in sustainable finance. The bank is certified as Fossil Fuel free and 64% of our lending meets our definition of “High Impact” and 100% mission aligned, specifically with more than $547 million in loans dedicated to Climate Protection and an additional $1.2 billion in Property Assessed Clean Energy assets.” You can find more details about this exciting update in our Press Release. https://lnkd.in/et53YqTS
Amalgamated Bank
Banking
New York, NY 10,917 followers
Helping those who do good, do better. Member FDIC.
About us
For over a century, Amalgamated Bank has been America’s Socially Responsible bank supporting thousands of people, organizations, causes and businesses. We work to make the world more equitable and sustainable for all by helping those who do good do better. Nonprofits, labor unions, advocacy groups, socially responsible businesses and others sharing a vision of positive change have all found a home in our community. Your money should align with your values, which is why Amalgamated Bank takes more than financial criteria into account when lending and investing. When lending & investing, we look for businesses with strong missions, and we refuse to invest our own dollars in funds that harm people or the planet.
- Website
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http://www.amalgamatedbank.com
External link for Amalgamated Bank
- Industry
- Banking
- Company size
- 201-500 employees
- Headquarters
- New York, NY
- Type
- Public Company
- Founded
- 1923
Locations
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Primary
275 7th Ave
New York, NY 10001, US
Employees at Amalgamated Bank
Updates
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Honored to be recognized by 50/50 Women on Boards for having a Gender Balanced board with 53.8 percent of seats on our board held by women! We strive to put actions that support our mission towards causes that align with us both internally and externally and allow us to maximize our collective impact. Women will continue to change the world and we will continue to see those benefits affect our today, tomorrow, and future!
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The Q2 2024 Earnings Report is here! Watch as Jason Darby shares our second quarter financial results. We see continued stellar deposit growth of $152M with increases in Net Income of 2.4% and 2.1% in Total Deposits. We’re excited to share our continued progress, to read the full report now scan the QR code or visit https://lnkd.in/dHumm8wn
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The Q2 2024 Earnings Report is here! We see continued stellar deposit growth of $152M with increases in Net Income of 2.4% and 2.1% in Total Deposits. “Our second quarter financial results clearly demonstrate that Amalgamated is continuing its high performance across key metrics. We delivered outstanding deposit growth, strong returns, and a continuously growing, sustainable earnings base that will provide us with optionality as we look to further expand our franchise over the medium term.” - Priscilla Sims Brown, President, and Chief Executive Officer. We’re excited to share our continued progress, to read the full report now visit https://lnkd.in/dHumm8wn
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Amalgamated Bank reposted this
I am deeply saddened by the loss of United States Representative of the 18th Congressional District of Texas, Sheila Jackson Lee. She embodied leadership, compassion, friendship, inclusivity, and strength, championing the rights of women and children. My condolences go out to her family and loved ones. May they find solace in the legacy she leaves behind and the lasting impact of her work for future generations.
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We are so proud to be included in Forbes Advisor's top 10 LGBTQ+ Friendly Banks of 2024! Hate has no place in our society; in 2019 we launched our Hate Is Not Charitable campaign to not only show our commitment to public good but to call on DAF (Donor Advisor Funds) providers to exercise their legal discretion to ensure funds don’t flow to hate groups, such as anti-LGBTQ organizations. Read more about how we celebrate, affirm, and protect our LGBTQ+ customers and employees alike in the article below. https://lnkd.in/g7SUwdFh
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‘Ultimately, I think the landscape for banks like ours is you're investing in people, the people behind the technology, the partnerships that you're going to create that are going to drive your business forward.’ Watch as Jason Darby, our Chief Financial Officer, and Nasdaq's Kristina Ayanian have a conversation about the role of AI in banking along with creating a sustainable future for communities across the nation through conscious capitalism. https://lnkd.in/dEE8n_Db
Amalgamated Bank: America's Socially Responsible Bank
nasdaq.com
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We are excited to welcome Michael Frain, CFA, to our team as our new Senior Vice President of Financial Planning and Analysis! With a CFA designation and an M.B.A. in Banking, he brings over 30 years of experience to our team. Michael will lead the financial planning and analysis team in developing and implementing financial models, forecasts, and budgets, as well as supporting the asset-liability management process. He will be crucial in driving the bank’s financial performance by focusing on business unit profitability analysis and transaction profitability modeling. His arrival marks a significant milestone in the ongoing transformation of our finance department and continuing evolution with the growth of the bank. Please join us in welcoming him to the team!
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Amalgamated Bank reposted this
We’re wrapping up our Demystifying the World of Valuations 3-part series presented by ULI Washington, AAREP DC and CREW DC on July 11th with a discussion on “how” and “why” values matter in the realm of capital markets. Moderated by Carisa Stanley Beatty with Amalgamated Bank, our panel consisting of Stephanie Wiggins of PGIM Real Estate, Lynda Gallagher of Cushman & Wakefield and David Iannucci of Prince George's County Economic Development Corporation will elevate the utility of appraisal reports and valuations in negotiating capital and the inequities in access to tools and best practice to ensure the right values are realized. Join us on July 11th @ 4pm by registering via the link below. Oh, and did I mention we’ll be concluding the night, and series, with a Networking Happy Hour?! 😃 https://lnkd.in/egZ89mTP And a big shout out to King & Spalding for allowing us to use their gorgeous meeting space and rooftop! #CRE, #commercialrealestate, #valuations, #equity, #CREFinance
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Amalgamated Bank reposted this
Check out what leaders at Amalgamated Bank, Playa Hotels & Resorts, and Southwest Airlines have to say about why aligning your most important work with purpose is key for advancing your career: https://lnkd.in/gVFhjRCn #WorkivaCustomer #FinancialReporting #SECreporting #WorkivaPlatform
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