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Amalgamated Bank, Financial Information

AboutAmalgamated Bank

 Address:
275 7th Ave
New York,NY
,New York
 Established:
Apr 1923
 Number of domestic offices:
6
Total assets$5,977M
Net income$46M
Net income,quarterly$14M
Total deposits$5,344M
Domestic deposits$5,344M
Equity capital$536M
ROA0.77%
ROAQ,quarterly0.88%
ROA,pretax0.88%
ROAQ,quarterly,pretax1.17%
ROE9.15%
ROEQ,quarterly10.43%
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.

Established in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank continues the progressive traditions of its founders as the only majority owned union bank in the United States.

Chartered by New York State, Amalgamated Bank is an FDIC insured commercial bank with over $3.5 billion in assets. The Bank's corporate divisions also include Commercial Banking and Real Estate Finance. Through its Investment Management Division, the Bank is also one of the leading providers of investment and trust services to Taft-Hartley plans in the United States.

Amalgamated Bank has 24 retail branches including 20 in New York City as well as branches in: Las Vegas, Nevada; Lyndhurst, New Jersey; Pasadena, California and Washington, D.C.

Historical Data