Amalgamated Bank, founded in 1923 by the Amalgamated Clothing Workers of America, is a commercial bank chartered in New York with nationwide service.
As a result of a merger in 1995 between the Amalgamated Clothing & Textile Workers and the International Ladies Garment Workers Union to form the Union of Needletrades, Industrial and Textile Employees (UNITE!) and a merger in 2004 between UNITE and the Hotel Employees and Restaurant Employees International Union (HERE), the Bank is owned by UNITE HERE.
At Amalgamated Bank - America's Labor Bank - we work hard to make your life easier. For more than 80 years, we have provided working men and women, as well as unions, associations and businesses, with affordable banking services.
Today, the tradition continues with innovative services that help families manage their funds and help unions and businesses meet their increasing financial demands.
In addition to a full line of commercial and individual banking services, Amalgamated Bank has been providing trust, investment advisory, custodial, and benefit remittance services for Taft-Hartley and public sector employee benefit plans since 1973.
Our mission is to bring affordable banking and investment services to working men and women and to the United States labor movement. As former CEO and President Gabriel Caprio explains, "At Amalgamated Bank, we never lose sight of our heritage, and we never forget that our charter is to provide affordable banking services to all workers."
We invite you to explore our site to learn more about Amalgamated Bank, our services, and how we can help you with your banking and financial needs.