Amalgamated Bank
Overview
Amalgamated Bank is a commercial bank based in New York City. It provides banking services primarily to labor unions, progressive organizations, political campaigns, and individuals. It also offers commercial banking services, investment management, and trust services.
About Us
Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank was established to address the financial needs of working families and labor organizations. Over time, the bank has distinguished itself as a leader in socially responsible banking, prioritizing environmental sustainability, economic justice, and strong corporate governance practices. This commitment is underscored by its certification as a B Corporation, reflecting adherence to rigorous standards of social and environmental performance, accountability, and transparency. Amalgamated Bank continues to champion these values in its operations and services.
Vision
To build a financial institution that is both profitable and purpose-driven, serving as a model for responsible banking practices.
Mission
To be the leading socially responsible bank, empowering organizations and individuals to create a more just and sustainable world.
Culture
Amalgamated Bank fosters a culture of integrity, collaboration, and social responsibility. The bank values its employees and provides opportunities for professional growth and development. It is committed to diversity and inclusion, creating a workplace where everyone feels valued and respected. The bank also encourages employee volunteerism and supports community initiatives.