50.53
+1.96%
Close of 9 Nov 2026, in USD
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About Amalgamated Financial
From its filings with the US Securities and Exchange Commission
Amalgamated Financial is based in New York, New York and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker AMAL. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $104.4m. At that date it held total assets of $8.87bn.
Amalgamated Financial Corp., a Delaware public benefit corporation ("we" or the "Company"), was formed on August 25, 2020 to serve as the holding company for Amalgamated Bank (the "Bank") and is a bank holding company registered with the Board of Governors of the Federal Reserve under the Bank Holding Company Act of 1956, as amended. On March 1, 2021 (the “Effective Date”), the Company acquired all of the outstanding stock of Amalgamated Bank, a New York state-chartered commercial bank in a statutory share exchange transaction (the “Reorganization”) effected under New York law and in accordance with the terms of a Plan of Acquisition dated September 4, 2020. Pursuant to the Reorganization, the Bank became the sole subsidiary of the Company, the Company became the holding company for the Bank and the stockholders of the Bank became stockholders of the Company.
The Bank was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country’s oldest labor unions. Although we are no longer majority union-owned, the Amalgamated Clothing Workers of America’s successor, Workers United, an affiliate of the Service Employees International Union that represents workers in the textile, distribution, food service and gaming industries, remains a significant stockholder, holding approximately 38% of our equity as of December 31, 2025.
Quoted from its 10-K, filed 5 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 6 Jun 2018
- Employees
- 450
- Website
- amalgamatedbank.com ↗
- Head office
- 99 PARK AVENUE, NEW YORK, NY
- Incorporated in
- DE
- Classification
- State Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Ms. Lynne FoxNon-Executive Chairman of the Board, since 2016$189,583
- Ms. Priscilla BrownPresident, Chief Executive Officer, Director, since 2021$3.2m
- Mr. Jason DarbyChief Financial Officer, Senior Executive Vice President$1.1m
- Mr. Sean SearbyChief Operating Officer, Executive Vice President$710,775
- Mr. Tyrone GrahamChief Human Resource Officer, Executive Vice President
- Ms. Leslie VeluswamyExecutive Vice President, Chief Accounting Officer
- Mr. Edgar RomneyExecutive Vice President, Chief Administrative and Strategy Officer
- Ms. Ina NarulaExecutive Vice President, Chief Risk Officer
- Mr. Sam BrownSenior Executive Vice President and Chief Banking Officer$1.1m
- Ms. Margaret LanningExecutive Vice President, Chief Credit Risk Officer$698,185
- Ms. Mandy TennerExecutive Vice President and Chief Legal Officer
- Mr. Adrian GlaceSenior Vice President, Chief Technology Officer
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 71
- Environment
- 69
- Social
- 73
- Governance
- 70
- Direct emissions (scope 1)
- 72 t
- Energy emissions (scope 2)
- 675 t
- Value chain emissions (scope 3)
- 5,541 t
- Women in the workforce
- 58.12%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Amalgamated Bank has a strong brand reputation and a well-established presence in the banking industry. The bank's long history and commitment to progressive values have attracted a loyal customer base. It also boasts a robust network of branches and ATMs, providing convenient access to its services.
- Furthermore, Amalgamated Bank has a dedicated team of experienced professionals who possess in-depth knowledge of sustainable banking practices. The bank's emphasis on transparency and its mission to promote social and environmental responsibility serve as key differentiators in the market.
Weaknesses
- One of the weaknesses for Amalgamated Bank is its relatively small size compared to some of its competitors. This may limit its ability to offer a broad range of products and services, which could potentially hinder its growth and scalability.
- Additionally, the bank's geographical reach is primarily focused on a specific region, limiting its market share compared to national or international banks.
Opportunities
- Amalgamated Bank has an opportunity to capitalize on the growing demand for sustainable and socially responsible financial services. By leveraging its expertise in this area, the bank can attract new customers who prioritize ethical banking practices.
- Furthermore, there is an opportunity for Amalgamated Bank to expand its market presence by strategically targeting new geographical markets or through strategic partnerships with other financial institutions.
Threats
- One of the main threats for Amalgamated Bank is the intense competition within the banking industry. Larger national and international banks may have more resources and broader offerings, posing a challenge to Amalgamated Bank's growth and customer acquisition efforts.
- Moreover, regulatory changes in the financial sector, such as new policies or stricter compliance requirements, can pose a threat to the bank's operations and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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