Amalgamated Bank provided a $15 million loan to Inclusive Prosperity Capital, a clean energy finance 501(c)3 platform, making new capital available to fund climate initiatives benefiting underserved market segments and communities.
Amalgamated Financial, the holding company for Amalgamated Bank, withdrew its application for regulatory approval to acquire Amalgamated Bank of Chicago due to an inability to obtain such approval. As a result, Amalgamated Financial is no longer proceeding with the transaction.
Amalgamated Bank named Ivan Frishberg senior vice president and chief sustainability officer. Frishberg has been with Amalgamated since 2016, most recently leading the sustainability banking division.
Amalgamated Bank announced that Sam Brown has been selected to lead the bank’s business development team and will expand its outreach to core constituencies such as unions, progressives and the Democratic Party.
Amalgamated Bank announced Molly Culhane-Benameur was selected to lead the bank’s growing practice serving candidates, political action committees and other organizations focused on electoral campaigns.
Amalgamated Bank announced that Keith Mestrich has been selected as its CEO, succeeding interim CEO Gabriel Caprio. Mestrich joined Amalgamated in 2012 as director of its Washington, D.C., office.
Amalgamated Bank announced Keith Mestrich was selected as CEO to support its growth and further its mission of offering affordable and accessible banking for all.
ABF Journal illustrator Jerry Gonzalez provides his take on Rodney Watts’ scheme to defraud Amalgamated Bank of $2.1 million fraudulent loans.