Volume 11 ••• Fall 2012
Amalgamated Bank Creates Home Loan Division
Amalgamated Bank, New York, has started a full-service home mortgage division that will originate loans, not only on one-to-four family properties, but also condominiums and co-ops.
July 10, 2012
New York City-based Amalgamated Bank has launched its own full-servicehome mortgage division.
According to the bank, individuals will be able to apply for mortgages on single-family residences, condominiums, multifamily houses with up to four units, and cooperative apartments. Financing is also available for vacation and investment properties.
Amalgamated’s new division will be directed by Edward A. Bolmarich, senior vice president and director of residential lending. Prior to joining Amalgamated, Bolmarich served for five years as vice president of residential and consumer lending for Brooklyn Federal Savings Bank.