Amalgamated Bank Receives National Certification by Banking Advocates as Safe, Affordable Account
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Amalgamated Bank CEO Keith Mestrich Announces Plan to Step Down in Early 2021
Amalgamated Bank (Nasdaq: AMAL) (the “Company”) today announced that Keith Mestrich has informed the Board of Directors that he will step down from his positions as President and Chief Executive Officer on January 31, 2021. At that time, he will transition from a director to special advisor to the Board through July 2021. Mr. Mestrich joined Amalgamated Bank in 2012 and has served as its President and Chief Executive Officer since 2014.
Amalgamated Bank Supports Nonprofits Through the Federal Home Loan Bank of New York’s Small Business Recovery Grant Program
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.
Amalgamated Bank Becomes First Public U.S. Company To Add Environmental and Societal Commitments To Corporate Organization Certificate
As part of its continued commitment to social responsibility and sustainability, Amalgamated Bank (Nasdaq: AMAL) today announced it will become the first U.S.-based publicly traded company and the first publicly traded bank across the globe to amend its Organization Certificate to formally recognize the value of business objectives that realize standards of sustainability and public good.
Black Lives Matter
Amalgamated Bank believes that Black Lives Matter and that the horrendous death of George Floyd is just the latest example of the explicit racism embedded within our country’s entire criminal justice system. We believe the oppression of Black people must end now.