Amalgamated Bank

About Amalgamated Bank

Amalgamated Bank is a mission-driven financial institution with a rich history dating back to its founding on April 14, 1923, by the Amalgamated Clothing Workers of America. As the first labor union-owned bank in New York City, it was established to address financial exclusion, particularly for working-class immigrant women and union members. With $7.8 billion in assets as of July 2023, it is recognized as America’s largest B Corp-certified bank and a member of the Global Alliance for Banking on Values.