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Amalgamated Bank President & CEO Commends Actions Taken by D.C. Council

In response to actions taken today by the Council of the District of Columbia, Keith Mestrich, President & CEO of Amalgamated Bank, issued the following statement:

Amalgamated Bank Joins with Center for Responsible Lending, National Action Network and Other Civil Rights & Consumer Advocates to Call on FHFA to Protect Fannie Mae and Freddie Mac

Keith Mestrich, President and CEO of Amalgamated Bank, released the following statement on Amalgamated’s joint letter urging Federal Housing Finance Agency Director Mel Watts to recapitalize Fannie Mae and Freddie Mac.

Amalgamated Bank Appoints Progressive Leader Lynne Fox As New Board Chair

Nation’s Leading Union-Owned Bank Announces First Female Board Chair

To Grow the Economy, Give First Time Homebuyers Real Confidence

This may come as a surprise to you, but I’m not a Millennial. I do know a few people, though, who fall into this huge group that is now coming of age. One question I often see in the media or hear in private discussion is, “why won’t these kids settle down and buy homes? Don’t they want to live the American Dream?”

New Amalgamated Bank Checking Customers to Receive $150 While Bank Donates $50 to Select Progressive Organization of Their Choice

In “Banking That Gives Back” Program, Amalgamated Bank Customers Can Choose to Support a Range of Causes When Opening Accounts

Amir Kirkwood Joins Amalgamated Bank to Boost New York Community Impact Client Base

Bank Continues to Make a Positive Local Impact With Community-Oriented Institutions

Amalgamated Bank Launches New Philanthropy Division Led by Anna Fink

New Division to Further Bank’s Engagement and Support of and Dedication To Advocacy, Philanthropy and Justice for its Clients and their Communities

Statement from Keith Mestrich, Amalgamated Bank President & CEO, on New York State Budget Agreement on $15/Hour Minimum Wage

This morning, in response to New York State’s budget agreement on the statewide $15/hr. minimum wage, Keith Mestrich, President and CEO of Amalgamated Bank, said:

Amalgamated Bank Joins Movement for Participatory Budgeting By Using Branches As Community Voting Sites

Amalgamated Bank Continues Long History of Aiding in Democratic Process by Standing with Community Leaders

Diverse Asset Managers Initiative (DAMI) Launches Website, Aiming to Increase Number of Assets Managed by Diverse-Owned Firms

New website highlights need and educates institutional investors about the benefits and opportunities of investing funds with diverse asset managers

Empower Workers With Higher Pay - Commentary by Keith Mestrich

Right now, despite many bank CEOs making tens of millions of dollars each year, the average bank teller makes just $25,800. Here in New York, 39 percent of bank tellers are forced to rely on public assistance programs just to make ends meet. This is morally wrong, yes, but it's also just bad business.