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.

Amalgamated Source

Keith Mestrich,  President and CEO of Amalgamated Bank, joined Cheddar News to discuss a recent study about how many consumers are not aware what happens when they deposit their money with their bank.

External Source

Founded to support the city's union workers, Amalgamated plans to grow by financing socially responsible causes

Amalgamated Source

Effective July 1, Amalgamated will become the first bank to offer a $20 minimum wage building on its leadership in the ‘Fight for $15’

Today, we became the first bank in the United States to endorse the United Nation’s Principles for Responsible Banking. The Principles for Responsible Banking provide the framework for the sustainable banking system of the future.

Amalgamated Source

Amalgamated Bank (Nasdaq: AMAL) today announced that it has endorsed and committed to aligning its business to the United Nations Environment Programme Finance Initiative’s Principles for Responsible Banking, making it the first U.S.-based bank to do so.

In strong job markets, such as the one we’re experiencing now, employers face the reality of a potentially fleeting workforce. An abundance of jobs, paired with the rise of transferable skills and the newfound mobility that workers enjoy, leaves companies with the task of continuously coming up with new and innovative ways to keep talent.

Amalgamated Source

Amalgamated Bank (Nasdaq: AMAL) announced today that Ivan Frishberg has been appointed as the Director of Impact Policy for the bank, effective immediately.

At the end of every year, people often take time to reflect on the year that was and what can be done to improve in the year ahead. The slate is wiped clean and resolutions are made, often complete with gym memberships, diet plans or book clubs.

Until recently, “profitability” and “socially responsible” have been treated as mutually exclusive terms with many under the impression that dedicating resources to promoting positive change meant diverting those same resources away from turning a profit.