When was Amalgamated Bank founded?
Amalgamated Bank was founded in 1923 in New York City by the Amalgamated Clothing Workers of America, where it became the city’s first labor bank.
Where is Amalgamated Bank headquartered?
275 Seventh Avenue, New York, New York 10001
What are Amalgamated Bank’s primary businesses?
Amalgamated Bank is a commercial bank with more than $4 billion in assets, and a chartered trust company with over $42 billion in assets under management and custody.
What regions does Amalgamated Bank service?
Amalgamated Bank’s footprint is purposefully positioned to serve a large and growing population of values-driven and socially responsible businesses and individuals in New York City, Washington, D.C. and San Francisco.
What is Amalgamated Bank’s core mission?
From its founding by a union almost 100 years ago, Amalgamated Bank remains committed to supporting financial equity through access to banking products and services. Amalgamated also believes banks can be a force for good, from promoting wage fairness and job creation and providing services for values driven clients to investing in a cleaner, greener future. Amalgamated is working to build a better world.
How many employees does Amalgamated Bank have?
As of March 31, 2018, Amalgamated Bank had 401 full-time employees.
Who are the Executives and Board Members of Amalgamated Bank?
Amalgamated Bank’s management team and Board of Directors can be found by accessing the following link
When was Amalgamated Bank’s initial public offering (IPO)?
Amalgamated Bank priced its Initial Public Offering on August 8, 2018 and began publicly trading on the NASDAQ Capital Market (NASDAQ) on August 9, 2018.
What is the stock symbol for Amalgamated Bank and on what exchange are the shares listed?
Class A shares of Amalgamated Bank’s common stock are listed on the NASDAQ Capital Market (NASDAQ) under the ticker symbol ‘AMAL’.
How can we obtain a copy of Amalgamated Bank’s Offering Circular?
Electronic copies of the offering circular can be found by accessing the following link
How can I purchase shares of Amalgamated Bank?
Amalgamated Bank common stock can be purchased in the open market through any registered broker.
Who is Amalgamated Bank’s transfer agent and what is the contact information?
The transfer agent and registrar for Amalgamated Bank’s Class A common stock is American Stock Transfer. The transfer agent can be contacted as follows:Online:https://www.astfinancial.com/Telephone:
(800) 937-5449 or (718) 921-8124Written Correspondence:
American Stock Transfer
6201 15th Ave
Brooklyn, NY 11219
Does Amalgamated Bank pay a dividend?
We have only paid a cash dividend to holders of our common stock once since 2010; however, following this offering we intend to begin paying a quarterly cash dividend of $0.06 per share of our common stock beginning in the fourth quarter of 2018. Any actual determination relating to our dividend policy will be made, subject to applicable law and regulatory approvals, by our board of directors and will depend on a number of factors, including: (1) our historical and projected financial condition, liquidity and results of operations, (2) our capital levels and needs, (3) tax considerations, (4) any acquisitions or potential acquisitions that we may examine, (5) statutory and regulatory prohibitions and other limitations, (6) the terms of any credit agreements or other borrowing arrangements that restrict our ability to pay cash dividends, (7) general economic conditions and (8) other factors deemed relevant by our board of directors. The board of directors may determine not to pay any cash dividends at any time.
We are subject to bank regulatory requirements that in some situations could affect our ability to pay dividends. The FDIC’s prompt corrective action regulations prohibit depository institutions, such as us, from making any “capital distribution,” which includes any transaction that the FDIC determines, by order or regulation, to be “in substance a distribution of capital,” unless the depository institution will continue to be at least adequately capitalized after the distribution is made. Pursuant to these provisions, it is possible that the FDIC would seek to prohibit the payment of dividends on our capital stock if we failed to maintain a status of at least adequately capitalized. The New York Banking Law contains similar provisions. There can be no assurance that we will pay any dividends to holders of our common stock, or as to the amount of any such dividends. See “Cautionary Note Regarding Forward-Looking Statement ” and “Supervision and Regulation – Payment of Dividends.” If we did pay dividends on our capital stock, those dividends would be payable out of our capital surplus.
When is Amalgamated Bank’s fiscal year end?
Amalgamated Bank’s fiscal year end is December 31st.
Who is Amalgamated Bank’s Independent Auditor?
Amalgamated Bank’s independent auditor is KPMG.
How do I contact Amalgamated Bank’s Investor Relations department with a question or request?
Where can I find all of Amalgamated Bank’s FDIC filings? Where can I download and view quarterly and annual reports?
Quarterly and annual reports, as well as other FDIC filings, can be accessed on the Investor Relations section of the Amalgamated Bank website.
Where can I request to receive all FDIC filings, annual reports, and/or proxy statements electronically?
Please register your email address using the following link to receive news updates and FDIC alerts: Email Alerts
What are the latest headlines for Amalgamated Bank?
Amalgamated Bank’s latest corporate-related news releases can be accessed in our newsroom here
When is Amalgamated Bank’s next earnings release?
Information about Amalgamated Bank’s next earnings release can be viewed, when available, by visiting the Upcoming Events section of our Investor Relations website or by clicking here
How do I get added to Amalgamated Bank’s email distribution list?
Please visit the email alert section of our website or click here