Amalgamated Bank Statement on Dobbs vs Jackson Supreme Court Ruling
Our guidelines were designed to ensure our employees and their families have the needed resources and access in order to make personal and confidential decisions regarding reproductive healthcare.
(New York, NY; Washington, DC) June 24, 2022 - In response to today’s Supreme Court ruling on Dobbs vs Jackson, Amalgamated Bank has issued the following statement:
With its recent decision, the Supreme Court has completely dismissed a half century of settled law and revoked a fundamental right to essential reproductive health care. This is a devastating and dangerous blow for millions of Americans, particularly underserved communities, people of color, rural families, LGBTQ individuals and immigrants. Amalgamated Bank will continue to fight for access to quality health care, including abortion, for all people, and we will act to ensure that our employees and their dependents, no matter where they live, have access to the full spectrum of reproductive health care.
Amalgamated Bank announced last month that it will cover travel expenses for employees and their dependents who need to travel out of state to access reproductive health care. This includes plane fare or gas money, and hotel and meal expenses for the employee or their dependent. Recognizing that individuals seeking reproductive healthcare may have children already, childcare expenses for young children remaining at home will also be covered for up to five days.
“Our guidelines were designed to ensure our employees and their families have the needed resources and access in order to make personal and confidential decisions regarding reproductive healthcare”, said Amalgamated Chief Executive Officer Priscilla Sims Brown.
The Amalgamated Foundation, which recently signed onto the Women’s Funding Network’s The Time is Now pledge, also announced the launch of the Critical Reproductive Access Fund (CRAF), which will deploy and direct resources to organizations responding to the abortion access crisis. The CRAF is a grassroots fundraising effort led by Amalgamated Bank employees, to be strategically guided by field partners, and open to donors who are individuals, institutions, and other allies looking to financially support reproductive health providers and seekers, as well as reproductive justice advocates. Members of the advisory council for CRAF include National Latina Institute of Reproductive Justice, Apiary Collection and Sister Song.
“Amalgamated Bank is committed to safeguarding the right to choose for all communities”, First Vice President, Commercial Banking, Maura Keaney noted. “Abortion restrictions fall heaviest on people who are BIPOC, those with disabilities, people in rural areas, young people, immigrants, and people with low incomes.”
About Amalgamated Bank
Amalgamated Bank (“Amalgamated” or the “Bank”), the wholly owned banking subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), is a mission-driven New York-based full-service commercial bank and a chartered trust company with a combined network of six branches in New York City, Washington D.C., San Francisco, and Boston. Amalgamated Bank provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Since our founding in 1923, Amalgamated Bank has served as America’s socially responsible bank, empowering organizations and individuals to advance positive social change. Amalgamated Bank advocates alongside those working to make the world more just, compassionate, and sustainable. Amalgamated Bank is the country’s largest B Corp® bank and a proud member of the Global Alliance for Banking on Values. We don’t just have a mission, we are on a mission to advance economic, social, racial and environmental justice utilizing the tools of finance. For more information, please visit our website at www.amalgamatedbank.com.
About Amalgamated Foundation
Amalgamated Foundation is building a powerful community of individual donors and institutions committed to collective impact. Leveraging the financial acumen and integrity of Amalgamated Bank’s near 100-year history as a socially responsible banking leader, the Foundation offers a values-aligned alternative to donor advised funds that raises the bar on how providers inspire and engage their audiences. For donors who care about the environment, inclusive democracy, racial equity, LGBTQ equality, and reproductive freedom, Amalgamated Foundation’s expertise and platform meets today’s urgent need for impactful philanthropy.