Amalgamated Source

Amalgamated Bank (Nasdaq: AMAL) announced today that it will distribute $80,000 in Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grants to local nonprofits that were adversely impacted by the coronavirus pandemic.

Please read the letter Keith Mestrich, President and CEO of Amalgamated Bank, wrote to Dan Cardinali, President and CEO of Independent Sector, about how Amalgamated shares a common mission with Independent Sector to ensure the nonprofit sector is well resourced as they support workers and families devastated by the COVID-19 crisis.

Without question, nonprofits are essential to the delivery of healthcare and other critical human services, including education, housing development and the expansion of arts and culture both domestically and internationally.