Amalgamated Bank of Chicago, Financial Information

AboutAmalgamated Bank of Chicago

 Address:
30 North Lasalle Street
Chicago,IL
Cook County,Illinois
 Established:
Jun 1922
 Number of domestic offices:
2
Total assets$1,082M
Net income$3M
Net income,quarterly$1M
Total deposits$971M
Domestic deposits$971M
Equity capital$89M
ROA0.37%
ROAQ,quarterly0.37%
ROA,pretax0.37%
ROAQ,quarterly,pretax0.49%
ROE3.91%
ROEQ,quarterly4.17%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Amalgamated Bank of Chicago is a commercial bank headquartered in Chicago, Illinois. In addition to its downtown Chicago office, the bank has a branch office in Warrenville, Illinois. Until November 1991, the bank was known as Amalgamated Trust & Savings Bank.

Amalgamated Trust of Chicago and Amalgamated Bank have agreed that they may both use the registered service mark "Amalgamated Bank." The U.S. Trademark Office objected to this concurrent use as likely to confuse consumers, but the U.S. Court of Appeals for the Seventh Circuit ultimately held that the Trademark Office should respect the banks' agreement.

In 2000, Ullico Inc., a union-oriented insurance and investment company, announced that it would buy the bank but withdrew its request the following year. The parent company for the Amalgamated Bank of Chicago is Amalgamated Investments Company, a one bank holding company. Although no longer majority-owned by a union, the bank's board of directors continues to include a number of local and international union representatives and the employees are represented by the UNITE HERE union. As of March 2010, the bank had more than $750 million in assets, and managed more than $7 billion in pension funds.

Chicago Office
One West Monroe
Chicago, IL , 60603
Phone: 312-822-3000
Fax: 312-267-8767
Lobby Hours
Monday thru Friday : 8:30am - 4:00pm

Warrenville Branch
28600 Bella Vista Pkwy
Warrenville, IL 60555
Phone: 630 - 225 - 4300
Fax: 312 - 541 - 6045
Lobby Hours
Monday thru Friday : 8:30am - 5:00pm
Drive Up Window Hours
Monday thru Friday : 8:30am - 5:00pm
24 hour Drive-up ATM