After our acquisition of New Resource Bank in 2018, we announced our commitment to double the amount of assets New Resource has dedicated to financing socially responsible businesses over the next two years, moving from its current commitment of $350 million to at least $700 million by 2020. This commitment, “2X Impact”, will focus on doubling the bank’s impact in four core impact areas: Environmental Protection, Health & Wellness, Education & Community Empowerment, and Sustainable Commerce.
As America’s socially responsible bank, Amalgamated has always been dedicated to using its resources, money, and influence to help move its customers, and society forward. Following the merger of Amalgamated and New Resource, the combined bank is able to become an even greater force for good by combining their complementary expertise, expanded balance sheet, and shared commitment to having a positive impact in the world.
Amalgamated is proud to be able to help sustainable and socially responsible businesses by providing funding to fuel their growth and impact – whether it’s to fund new equipment needed to meet larger orders, energy upgrades to reduce operating costs and achieve higher margins or real estate loans for green businesses that are expanding.
President & CEO, Amalgamated Bank