Martin Murrell Joins Amalgamated Bank as Head of Consumer Banking

WASHINGTON, D.C. – Today, Amalgamated Bank, the leading national progressive bank, announced that this week Martin Murrell joined its Washington, D.C. office as the new EVP of Consumer Banking. In this role, Mr. Murrell will lead Amalgamated Bank’s effort to build an online digital bank to better serve its clients nationwide.

Mr. Murrell comes to the bank with over 20 years of business experience, including a wealth of consumer direct banking expertise. Mr. Murrell brings to the bank a drive to extend its reach through a robust and accessible online interface to banking products and services.

“In order to better serve our customers across the country we will be developing and launching new, advanced online banking services,” said Keith Mestrich, Amalgamated’s President and CEO. “With customers in 46 states we know there are people all across this nation who want to use a bank that they can trust and that best represents their values. With Martin leading the effort we have great confidence we can create and grow a truly national platform.”

Before coming to Amalgamated, Martin was responsible for launching and leading the “Personal Savings” direct deposit business at American Express. By building customer-centric digital banking services, Martin grew Personal Savings to a $25 Bn deposit base in its first 5 years. Prior to his time at American Express, Mr. Murrell was a Vice President at Capital One bank, where he also launched their first on-line direct savings product in 2003. In addition Martin specialized in pioneering customer experience-focused enhancements across a number of consumer processes that resulted in more efficient and satisfied user experiences.

“Amalgamated Bank is a unique and exciting bank with tremendous growth potential. I am looking forward to helping Amalgamated Bank deliver excellence in product value and customer experience for our customers.” Mr. Murrell said. “It is clear to me that customers are increasingly demanding access to banking services and products through digital and mobile channels. As we build out these capabilities, we will create a platform for growth and expansion for the bank, and position Amalgamated for long-term success.”

About Amalgamated Bank

For nearly a century, Amalgamated Bank has been a financial institution with a purpose: affordable and accessible banking for all. Offering customers nationwide the products and services of a major financial institution, Amalgamated is committed to the values on which it was founded. We proudly advocate for workers’ rights and promote the highest standards of environmental, social and corporate governance practices, which is why we are the first choice of progressive organizations and people ­ from presidential campaigns and labor unions to individuals who want a bank that believes everyone should be able to participate fully in our economy. We serve our communities with the core principle that the real currency of banking isn’t dollars ­ it’s trust.