American economy

Updates on congressional actions for Payroll Protection Program resources

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disaster relief American economy

Amalgamated Bank applauds and appreciates the actions of Congress to increase funding for the Small Business Administration (SBA) Payroll Protection Program (PPP), specifically creating carve outs for local banks, minority deposit institutions, and community development financial institutions.

Amalgamated Bank calls on Congress to act now to increase resources to small businesses and nonprofits

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corporate and social responsibility American economy disaster relief

Amalgamated Bank is urging Congress to act swiftly to support the more than 30 million nonprofits and small businesses that were unable to access the first round of Small Business Administration (SBA) Payroll Protection Program (PPP) loans.

Amalgamated Bank supports federal relief for working families affected by COVID-19

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disaster relief American economy corporate and social responsibility

This unprecedented moment is calling those in leadership to act in bold and innovative ways. The COVID-19 virus has impacted the entire global economy putting at risk the livelihood of tens of millions of Americans. Those who were already vulnerable in our economy are pushed even further to the brink.

No more time to waste

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corporate and social responsibility American economy

Amalgamated Bank works hard every day to support the most powerful change makers in America. We have the honor of standing with thousands of leaders of social change – nonprofits, foundations, labor unions, and more - as they take on complex, deeply rooted issues affecting hundreds of millions of lives.

When social responsibility pays off

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Amalgamated Bank history American economy Amalgamated IPO

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.

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National Housing Trust & Urban Ingenuity Launch 1.5 MW Solar Project for Low-Income DC Residents

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Amalgamated clients civic engagement American economy

Project includes installation of solar across 24 local affordable housing communities

Have the workers lost Labor Day?

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workers' rights American economy collective bargaining

Labor Day has lost its identity. What used to be a day that celebrated workers and their fight for shorter hours, higher pay and safer working conditions has become one that is spent rummaging through sales in big box stores where minimum wage employees are forced to work on the one day that was created to honor them.

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Statement from Keith Mestrich, Amalgamated Bank President & CEO, on Mario Cuomo Campaign for Economic Justice Drive for $15

Topics: 
income inequality Fight for $15 Amalgamated clients American economy economic growth

This morning, in response to the Mario Cuomo Campaign for Economic Justice’s Drive for $15, Keith Mestrich, President and CEO of Amalgamated Bank, said:

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Governor Cuomo Announces More Than 85 New York Businesses Endorse $15 Statewide Minimum Wage

Topics: 
American economy Fight for $15 income inequality wage justice

Governor Cuomo, Local Business Leaders & Chambers of Commerce Urge New York State Legislature to Enact First-in-the-Nation $15 Minimum Wage. Proposal Would Benefit More than 2.3 Million New Yorkers; Boost Direct Spending Power by $15.7 Billion.

Join the Fight for Fair Pay – Visit www.ny.gov/Fightfor15 to Learn More

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Empower Workers With Higher Pay - Commentary by Keith Mestrich

Topics: 
Fight for $15 economic growth income inequality American economy banking industry

Right now, despite many bank CEOs making tens of millions of dollars each year, the average bank teller makes just $25,800. Here in New York, 39 percent of bank tellers are forced to rely on public assistance programs just to make ends meet. This is morally wrong, yes, but it's also just bad business.