Amalgamated Bank

About

Amalgamated Bank is a U.S.-based financial institution founded in 1923 by the Amalgamated Clothing Workers of America to support working immigrant families. It is the largest union-owned bank in the United States and is committed to providing accessible banking services regardless of socioeconomic status. The bank offers a range of financial products and services, including personal banking, small business banking, commercial banking, and institutional investing. Amalgamated Bank operates across New York, California, Massachusetts, Washington, D.C., and Colorado. As a socially responsible bank, Amalgamated focuses on advancing economic, social, racial, and environmental justice. It became a public benefit corporation in 2021, emphasizing a triple bottom line approach that considers stakeholders beyond shareholders. The bank is certified as a B Corp and has achieved significant milestones in sustainability, such as using 100% renewable energy in its operations. Amalgamated supports organizations and individuals working towards positive social change, making it a key financial partner for labor unions, nonprofits, and advocacy groups.