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Amalgamated Bank

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Company Research Report: Amalgamated Bank



Company Overview



  • Name: Amalgamated Bank

  • Mission: To be America’s socially responsible bank empowering organizations and individuals to advance positive social change.

  • Founded: No information is available

  • Founder: No information is available

  • Key People: Priscilla Sims Brown (mentioned in the context of a CNBC discussion)

  • Headquarters: No information is available

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Reputation: Known for supporting sustainable organizations, progressive causes, and social justice. It is committed to environmental and social responsibility, operating under the principles of a certified B Corp.


Products



  • Overview: Amalgamated Bank provides a comprehensive suite of banking products tailored for personal, small business, commercial, and institutional investing needs.

  • Online Banking: Allows customers to manage finances remotely, with capabilities for account access, bill payment, and funds transfer.

  • Key Features: Secure access, 24/7 availability, user-friendly interface.

  • Special Lines of Credit: Available for homeowners to install solar panels to promote environmental sustainability.

  • Key Features: Environmentally focused, supports green initiatives.

  • Campaign and Union Banking Services: Supports political organizations, campaigns, and unions with customized financial solutions.

  • Key Features: Flexible hours, quick service, specialized credit lines.


Recent Developments



  • New Appointments: Nicole Steele and Emily Robichaux appointed as Directors of Climate Partnerships.

  • Certification: Received national certification by banking advocates as a safe, affordable account provider.

  • New Business Segment: Launched a new business banking segment.

  • Climate Impact Product: Introduced the Climate Impact Debit Mastercard®.

  • Community Projects: Partnership with Urban Ingenuity for the Working Power Project, which focuses on clean energy.

  • Climate Finance Loan: Announced a $15 million loan for climate resilience initiatives in collaboration with Inclusive Prosperity Capital, Inc.

  • Gun Safety Initiatives: Led petition for a new merchant category code for gun and ammunition stores approved by the International Standards Organization.

  • Legislative Support: Publicly supported the Inflation Reduction Act for its environmental and economic equity impact.


The above information encapsulates the available data on Amalgamated Bank, summarizing the company's goals, offerings, and recent strategic actions aimed at promoting social and environmental responsibility.