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About Keith Mestrich

President & CEO, Amalgamated Bank

About Keith Mestrich

Keith R. Mestrich

President & CEO
Amalgamated Bank

Keith Mestrich serves as President and Chief Executive Officer of Amalgamated Bank, which is America’s largest socially responsible financial institution holding over $6 billion in assets and nearly $45 billion in custody and investment assets under management. Keith brings three decades of executive leadership experience in the financial sector, along with expertise in the Bank’s core constituencies including labor, nonprofits, political organizations, and foundations. He leads a staff of nearly 400 dedicated employees who are working to build the Bank to be a powerful force for social good.

Keith was appointed CEO in June 2014. He inherited a non-performing institution and over the past years has led the bank’s full financial recovery. Keith joined the Bank in 2012 where he first led Amalgamated's Washington, D.C. operation.

During his tenure as President and CEO, Keith has returned the Bank to profitability, improved its credit quality, increased non-interest-bearing deposits, reduced expenses, and delivered a significant increase in net interest margin. In 2017, Keith guided Amalgamated’s acquisition of San Francisco-based New Resource Bank (NRB), creating the country’s largest socially responsible financial institution and providing a national platform for future growth. Keith also spearheaded Amalgamated’s initial public offering in 2018, which was the first union owned company to go public and one of the largest B Corporations to do so as well.

In addition to strong financial performance, Keith has also led Amalgamated Bank’s efforts to fulfill its mission in supporting a just and sustainable world. Under his guidance, Amalgamated was the first bank to raise its minimum wage to $20 per hour, a founding signatory to the United Nations Principals for Responsible Banking, the first bank in New York City to accept the innovative municipal ID as documentation to open a bank account, the principal leader among North American financial institutions in their efforts to adopt a carbon accounting methodology, and many other similar efforts.

Keith is also an accomplished author and speaker. He co-authored “Organized Money,” which explores the power of progressive finance and issues a clarion call to organize $10 trillion in progressive assets over the next decade. He is regularly featured as a commentator in the New York Times, Washington Post, Huffington Post, CNN, MSNBC, and American Banker. Keith serves on numerous nonprofit boards including the Roosevelt Institute, the Mayor’s Fund for New York City, the Democracy Alliance, DC-based Martha’s Table, and the New York Department of Financial Services State Charter Advisory Board to name a few. He is also a founding member of the Aspen Institute’s Finance Fellowship and an active participant in the Aspen Global Leadership Network.

Prior to joining Amalgamated, Keith served as the Chief Financial Officer and Deputy Chief of Staff for the Service Employees International Union (SEIU) and the first Chief of Staff of Worker's United. Previously, Keith worked at the clothing workers union known as UNITE, where he served in various capacities including Director of Corporate Affairs, President of Service Workers United, and Executive Assistant to the International President. Keith began his career in the labor movement as a corporate researcher at the AFL-CIO.

Keith graduated magna cum laude from Kalamazoo College with a degree in Political Science and Public Policy, where he was elected as a member of Phi Beta Kappa. He currently lives in Washington, D.C.

 

Awards and Honors

Named on City and State’s “Finance Power 50” List (September 2019)

Named on City and State’s “Labor Power 100” List (September 2019)

Named on City & State’s “25 Most Influential Leaders in Manhattan” (April 2017)

Named on Washington Life Magazine’s “Power 100 List” (May 2016)

 

Notable Articles

Labor of Love, Bank Director, October 2019

CNN New Day, aired September 2019

MSNBC, aired September 2019

Banking for Good, Crain’s New York Business, January 2019

Amalgamated Chief’s Goal After IPO: Create a Nationwide Bank, American Banker, August 2018

How one of America’s original mission-driven businesses rediscovered its purpose, Quartz, October 2017

The ‘Bank of the Progressive Community’ Isn’t Scared to Get Political, B the Change, April 2017

I'm the CEO of an American bank. This is why I support Dodd-Frank., The Hill, April 2017

4 Ways Socially Responsible Banks Are Good for You and Your Wallet, Nerd Wallet, November 2017

Can a trade unionist find happiness as a bank CEO?, White House Chronicle, PBS, November 2017

Major Banks Pledge to Go Carbon Neutral, Scientific American, September 2016

Owned by Union, Amalgamated Bank Gives Lift to the Left, New York Times, August 2015

Meet Amalgamated, a responsible banker, Washington Post, November 2015

 

Community Leadership

Member of the Board of Directors, The Mayor’s Fund for New York City

Fellow, Finance Leaders Fellowship Program & Member, Aspen Global Leadership Network

Chair, International, Steering Committee, Partnership for Carbon Accounting Financials

Member of the Board of Directors, The Roosevelt Institute

Member of the Board of Directors, Democracy Alliance

Member of the Board of Directors, The Sidney Hillman Foundation

Member of the Board of Directors, The Nation Fund for Independent Journalism

Member of the Board of Directors, Martha’s Table

Member of the Board, State Charter Advisory Board, NY Department of Financial Services

Member of the Advisory Board, Higher Ground Labs

Member of the Advisory Board, Remember the Triangle Fire Coalition

Member of the Advisory Board, The Patriotic Millionaires

Member of the Advisory Board, Build Together

Member, Habitat for Humanity NYC Leadership Council

Trustee, the Consolidated Retirement Fund

Former Member of the Board of Directors, Progressive Congress

Former Member of the Board of Directors, The Workers Lab

Former Member of the Board of Directors, Working America Education Fund

Former Member of the Board of Directors, The Public Utility Law Project

Former Member of the Board of Directors, Hot Bread Kitchen

Former Member of the Board of Directors, National Consumers League

Former Member of the Board of Directors, D.C. Employment Justice Committee

Former Member of the Advisory Board, Girls Who Invest