Fight for $15

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.

“Corporate social responsibility.” “B Corp certified.” “ESG.” “Carbon neutral.” These are some of the buzzwords that companies use to talk about their impact on society. As America’s socially responsible bank, we use these words to describe our approach to doing business. But what does it really mean to be a socially responsible bank?

Amalgamated Source

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:

Amalgamated Source

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

Amalgamated Source

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.

Amalgamated Source

This morning, in response to New York State’s budget agreement on the statewide $15/hr. minimum wage, Keith Mestrich, President and CEO of Amalgamated Bank, said:

Amalgamated Source

In response to actions taken today by the Council of the District of Columbia, Keith Mestrich, President & CEO of Amalgamated Bank, issued the following statement:

Amalgamated Source

Amalgamated Bank, the leading national progressive bank, today strongly supported the raising of the minimum wage to $15 an hour in Washington, D.C.

Amalgamated Source

Nation’s Leading Progressive Bank Again Calls On Entire Banking Industry to Raise Minimum Wage to $15 Per Hour

From our vantage point as the leading progressive bank, it feels these days like, as a country, we are not making the progress our great nation is capable of. There is talk of instituting an isolationist foreign policy that will evoke for many memories of the 1930s.