Construction worker


Founded by Labor, for Labor

Union banking from a bank that stands with Labor

Amalgamated Bank knows how unions work and what's important to Labor. Founded by a union nearly a century ago, we are the first union-owned bank in history to become a publicly-traded company. As a mission-aligned bank with a deep commitment to making an impact for our shared cause, we support working families while moving America forward.

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cash management
Treasury Management
Cash management services

Control your accounts with our secure online system and conduct business more efficiently with direct deposit, ACH, positive pay and more.

Investment Management
Helping unions succeed
  • We are committed to the highest standards of investment management
  • Full range of Equity, Alternatives and Fixed Income funds
  • Custody services include asset safekeeping, corporate actions, income collections, proxy services, account transition, asset transfer and conversion management

Why Amalgamated?

$5 billion

in assets


giving to Democratic candidates

97 years

helping those who do good, do better

Unions we serve
Marine Engineers Beneficial Association logo

Putting our mission into action

photo of $20 bills and a person on a calculator
Amalgamated Bank history

Today, I am proud to announce that we are the first bank in the United States to increase our minimum wage to $20 an hour for all full-time employees. By raising our minimum wage, we are continuing to honor our roots in the labor movement and to do our part in creating greater access and opportunity for our workers and their families.

photo of person blowing confetti in their hands
Amalgamated Bank history

Does it really matter if a bank is socially responsible?  Who cares what the bank does with your money, just as long as it is there when you need it?  We care. At Amalgamated Bank, we believe banking – and the entire financial sector for that matter – must be responsible for its social and environmental impact. 

Photo of Kevin Collins

First Vice President
Labor and Taft-Hartley

Denis Silva

First Vice President
Commercial Banker