2022: A Time for Action
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Amalgamated Bank and Urban Ingenuity Announce Commitment to Community Owned Clean Energy At Clinton Global Initiative
Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social and environmental change, announced today a joint commitment with Urban Ingenuity to launch the Working Power Project.
Amalgamated Bank Petition for New Code for Gun and Ammunition Stores Has Been Approved by International Standards Organization
Amalgamated Bank announced that its application to the International Standards Organization for a new merchant category code (MCC) for gun and ammunition stores was approved. This code is the key to creating new tools that all financial institutions must now use to begin detecting and reporting suspicious activity associated with gun trafficking and mass shootings to the Financial Crimes Enforcement Network, the government agency charged with safeguarding the financial system from illicit use.
How community investors are creating equitable approaches to climate finance
The article below was originally published by ImpactAlpha and co-authored by Amalgamated Bank's Brenda Loya, National Director of Community Development Finance, and Annie Donovan from the Raza Development Fund.
Amalgamated Bank Announces $15 million Loan for Decarbonization and Climate Resilience Initiatives
Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social and environmental change, announced today a $15 million loan to Inclusive Prosperity Capital, Inc. (IPC), a clean energy finance 501(c)3 platform, making new capital available to fund climate initiatives benefiting underserved market segments and communities.
Amalgamated Bank Statement on the Inflation Reduction Act
“Amalgamated Bank stands in strong support of the Inflation Reduction Act. The proposal under consideration will provide important and long-term relief to rising costs of living, move us forward on achieving a safe climate and bring more equity to the tax code.