Amalgamated Bank

Amalgamated Financial Corp. Reports First Quarter 2023 Financial Results; Exhibiting Deposit Stability and Solid Liquidity

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木曜日, 4月 27, 2023
Borrowing base, Insurance, Good, Risk-weighted asset, Amalgamated Bank, Eastern Time Zone, Silicon Valley Bank, Current Expected Credit Losses, Common equity, GAAP, Leg, Sale, Federal Home Loan Banks, AMAL, CECL, Growth, Depreciation, Amalgamation, PACE, PACS, Bank, First Franklin Financial Corp., Earnings call, Total, SIVB, Security (finance), Cryptocurrency, Video game

NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financial results for the first quarter ended March 31, 2023.

Key Points: 
  • NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financial results for the first quarter ended March 31, 2023.
  • Net interest income was $67.3 million for the first quarter of 2023, compared to $67.3 million for the fourth quarter of 2022.
  • As previously announced, Amalgamated Financial Corp. will host a conference call to discuss its first quarter 2023 results today, April 27, 2023 at 11:00am (Eastern Time).
  • The conference call can be accessed by dialing 1-877-407-9716 (domestic) or 1-201-493-6779 (international) and asking for the Amalgamated Financial Corp. First Quarter 2023 Earnings Call.

Diane Evans, "Legendary" Campaign Finance Consultant, Steps Down as Principal of Evans & Katz LLC, After 27 Years; Evans & Katz Relaunches as Katz Compliance

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火曜日, 3月 28, 2023
Freedom, Senior, Evan Katz, Amalgamated Bank, NGP, Politics, Democrat, NGP VAN, Senior advisor, Woman, Government, Ship, Organization, Citizens United v. FEC, Congress, Social justice, Representative, Marc Elias, National Directorate for Personal Data Protection, Principal, Louisiana House of Representatives, House, Clothing, Management

WASHINGTON, March 28, 2023 /PRNewswire-PRWeb/ -- If you've worked in the progressive political arena over the last 30 years, you likely worked with Diane Evans and her firm, Evans & Katz LLC. Evans kept a low profile by design while her team processed and reported billions of campaign dollars for their clients and discreetly righted the ships of many a floundering political organization or campaign.

Key Points: 
  • Katz Compliance, formerly known as Evans & Katz LLC (E&K), announced today that E&K's founder, Diane Evans, is stepping down as Principal after 27 years in the intriguing and convoluted world of campaign finance.
  • Today, Katz Compliance, formerly known as Evans & Katz LLC (E&K), announced today that founder, Diane Evans, is stepping down as Principal after 27 years in the intriguing and convoluted world of campaign finance.
  • The company has relaunched as Katz Compliance to be led by compliance industry veteran Cassie Tinsmon, who previously served as the vice president of compliance and operations for E&K.
  • "For nearly three decades, Diane played a critical role in defining what a campaign finance consulting firm was capable of," said Cassie Tinsmon, President, Katz Compliance.

OYA Renewables Closes US$216M in Construction-to-term Loans and Tax Equity Commitments for New York Community Solar Development Pipeline

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水曜日, 3月 1, 2023
Amalgamated Bank, Cadence Bank, Fed, MPC, First Citizens BancShares, China Power Clean Energy Development, Running, Economic development, Investment, Electricity, Growth, CIT, Nation, Comerica, OYA, Community, Renewable energy

OYA secured an additional US$71M in project funding with Monarch Private Capital (MPC) in the form of a tax equity investment.

Key Points: 
  • OYA secured an additional US$71M in project funding with Monarch Private Capital (MPC) in the form of a tax equity investment.
  • The investment will see MPC participate in the funding of OYA's slate of 2023 projects via their ESG-oriented impact funds.
  • "We are grateful for the opportunity to partner with OYA on community solar investments in New York State," said Brent Barringer , Partner, Managing Director LIHTC & Renewables at Monarch Private Capital.
  • Power produced from the community solar development is fed directly back to the electric grid and energy is delivered to customers through their regular electricity provider.

IDB BANK ANNOUNCES STRATEGIC EXPANSION OF SPONSOR & LEVERAGE FINANCE TEAM

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水曜日, 2月 15, 2023
Sponsor, GE Capital, Negotiation, IDB, CIT, Dina Gilio-Whitaker, Lead, Leverage, Investment, Assistant, TD Securities, Meanings of minor planet names: 6001–7000, TD, PE, McIntyre, Credit, Royal Bank of Scotland, C&I, Savage, Senior, Toronto-Dominion Bank, BNP Paribas, Amalgamated Bank, Investors Bank, Capital One, Growth, IDB Bank, Education, Part, Bank, Citizens Bank, Community Bank, N.A., NatWest, National Westminster Bank USA, Financial services, Syndicated loan

NEW YORK, Feb. 15, 2023 /PRNewswire/ -- IDB Bank (IDB), a New York-based private and commercial bank, has announced the expansion of its Sponsor & Leverage Finance team. As part of this expansion, IDB aims to further its presence within the leverage finance space, a key area of growth over the next several years.

Key Points: 
  • NEW YORK, Feb. 15, 2023 /PRNewswire/ -- IDB Bank (IDB), a New York-based private and commercial bank, has announced the expansion of its Sponsor & Leverage Finance team.
  • The recently formed Sponsor & Leverage Finance team additionally includes David Gilio, Senior Vice President of Sponsor Finance, who joined the Bank in February 2021.
  • He additionally held notable positions within the Leverage and Sponsor Finance groups with Royal Bank of Scotland and TD Securities
    "The recent strategic expansion of Sponsor & Leverage Finance team is a tremendous win for our organization," said Lissa Baum, Head of IDB New York Commercial Banking.
  • The IDB Sponsor & Leverage Finance team will report to Christopher Dowd, Head of Syndications, Sponsor & Leverage Finance.

BlueHub Capital Welcomes New Chief Operating Officer to Expand Lending and Community Development Efforts

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月曜日, 1月 30, 2023
Commercial, Georgetown University, Child, MBA, Education, Economic development, Literacy, National Directorate of Intelligence and Prevention Services, Amalgamated Bank, Massachusetts Institute of Technology, Growth, Climate change, Family, CDFI, Investment, Social justice, Loya, Management

BOSTON, Jan. 30, 2023 /PRNewswire/ -- Today, BlueHub Capital, a national nonprofit community development financing organization, announced the hiring of Brenda Loya as its new Chief Operating Officer (COO). Loya's experience in the banking, nonprofit and community development financial institution (CDFI) industries has provided her with a deep knowledge of how to use financial tools to build healthier communities. Loya is the nonprofit's first COO; her addition to BlueHub's senior leadership team will support the organization's extended period of robust growth. 

Key Points: 
  • BOSTON, Jan. 30, 2023 /PRNewswire/ -- Today, BlueHub Capital , a national nonprofit community development financing organization, announced the hiring of Brenda Loya as its new Chief Operating Officer (COO).
  • Loya's experience in the banking, nonprofit and community development financial institution (CDFI) industries has provided her with a deep knowledge of how to use financial tools to build healthier communities.
  • Loya is the nonprofit's first COO; her addition to BlueHub's senior leadership team will support the organization's extended period of robust growth.
  • Demonstrating her commitment to community development and social justice, she serves on the boards of two CDFIs: Raza Development Fund and Nonprofit Finance Fund.

Amalgamated Financial Corp. Reports Record Fourth Quarter 2022 Financial Results

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木曜日, 1月 26, 2023
Depreciation, Amalgamated Bank, AMAL, Federal Home Loan Banks, Income tax, Trust, Advertising, First Franklin Financial Corp., Amalgamation, Common equity, Earnings call, PACS, Sale, Bank, Total, Investment, Woman, Risk-weighted asset, Eastern Time Zone, Lender option borrower option, Security (finance), Credit, Real estate, Renewable energy

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financial results for the fourth quarter ended December 31, 2022.

Key Points: 
  • NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financial results for the fourth quarter ended December 31, 2022.
  • Net interest income was $67.3 million for the fourth quarter of 2022, compared to $67.6 million for the third quarter of 2022.
  • Our effective tax rate for the fourth quarter of 2022 was 21.6%, compared to 26.0% for the third quarter of 2022.
  • The conference call can be accessed by dialing 1-877-407-9716 (domestic) or 1-201-493-6779 (international) and asking for the Amalgamated Financial Corp. Fourth Quarter 2022 Earnings Call.

Assault on Firearms Industry By Anti-Gun Influencers Using Payment Companies as Weapon to Shoot Themselves in the Foot

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月曜日, 11月 7, 2022
Visa, International Organization for Standardization, American Express, News, FBI, Melonite, International Organization (journal), U.S, Firearm, Violence, Wine, Color, Congress, AR15, Bass Pro Shops, Government, Woman, Beer, Bass, District of Columbia Voting Rights Amendment, Amalgamated Bank, Smoke, Organization, Piston, ISO, Rivelli, AR-15, ABC News, Deliver Us from Evil: Defeating Terrorism, Despotism, and Liberalism, Empowerment, Engineering, The Truth About Guns, Mastercard, Gun, Human, Second, Credit card, CNBC, Blog, PVD, School, Restaurant, Online shopping, Liquor, Gunsmith, Animal, Bankrate

BROOKSVILLE, Fla., Nov. 7, 2022 /PRNewswire-PRWeb/ -- "Big Brother" is now tracking what they consider to be "troublesome gun purchases." In mid-September, the International Organization for Standardization (ISO) approved the creation of a new merchant code to apply to gun sellers for transactions using credit card networks. Adams Arms President, Jason East, points out the danger in this move. "When overarching organizations wield surveillance measures and disguise them as tracking troublesome or dangerous purchases, they are actually initiating the destruction of American rights – the Second Amendment is only the start," observes East.

Key Points: 
  • BROOKSVILLE, Fla., Nov. 7, 2022 /PRNewswire-PRWeb/ -- "Big Brother" is now tracking what they consider to be "troublesome gun purchases."
  • In mid-September, the International Organization for Standardization (ISO) approved the creation of a new merchant code to apply to gun sellers for transactions using credit card networks.
  • (1)(2) Details indicate that the code will show where an individual spent their money but not what items were purchased.
  • 5) Conway, Jan. "Beer, Wine and Liquor Store Monthly Sales in the US From 2017-2021", Statista, 06 May 2022, statista.com/statistics/805026/beer-wine-and-liquor-store-sales-us-by-month/.

Ellig Group Announces Advisory Board

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水曜日, 11月 2, 2022
Chief executive officer, American Family Insurance, Amalgamated Bank, CEO, Lion, Leadership, Parity, Tractor Supply Company, QBE, GLOBE, Reference Point, CMS Energy, Chairperson, Woman, Celebrity board director, Female, Popular, Inc., DEI, Management

NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Executive search firm Ellig Group is pleased to announce the formation of its advisory board consisting of 10 highly respected CEOs and board directors from various industries and nonprofit organizations.

Key Points: 
  • NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Executive search firm Ellig Group is pleased to announce the formation of its advisory board consisting of 10 highly respected CEOs and board directors from various industries and nonprofit organizations.
  • Ellig Group's CEO Janice Ellig values the advisory board's expert guidance and insights.
  • The advisory board's announcement reflects Ellig Group's ongoing commitment to staying ahead of the curve in both DEI and providing clients with the very best services and offerings.
  • The advisory board members are:
    Truett Tate Board Chairman: Ellig Group, TLC Lions, Reference Point, Thinkably and Medicus; Board Director, DEVClever; former Board Chair, QBE NA
    Priscilla Sims Brown President, CEO, and Board Director, Amalgamated Bank
    David Chun Founder and CEO, Equilar Group
    Cindie Jamison Board Chair, Tractor Supply Company and Big Lots, Inc.; Board Director, The OPD Corporation and Darden Restaurants, Inc.
    Tonie Leatherberry Board Director, Zoetis Inc., Direct Digital Holdings, Inc. and American Family Insurance
    Myrna Soto Founder and CEO, Apogee Executive Advisors LLC; Board Director, CMS Energy Corporation, TriNet Group, Inc., Popular, Inc., and Spirit Airlines, Inc.
    Kathy Higgins Victor President & CEO, Centera Corporation; Board Director, Conduent Incorporated; former Board Director, Best Buy Co., Inc.
    Tracing its lineage to the 1977 founding of legacy firm Gould McCoy, Ellig Group, a female owned and led search firm, has a long-standing reputation of advancing women and underrepresented groups.

Amalgamated Financial Corp. Declares Regular Quarterly Dividend

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水曜日, 10月 26, 2022
Amalgamated Bank, Company, Board of directors, Amalgamated Clothing Workers of America, Global Alliance for Banking on Values, Director, Board, AMAL, GLOBE, Amalgamation, Global Alliance, First Franklin Financial Corp., Holding company, Bank

The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors.

Key Points: 
  • The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors.
  • Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank.
  • Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country's oldest labor unions.
  • Amalgamated Bank is a proud member of the Global Alliance for Banking on Values and is a certified B Corporation.

Amalgamated Financial Corp. Announces Third Quarter 2022 Earnings Conference Call

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木曜日, 10月 13, 2022
Global Alliance, Global Alliance for Banking on Values, AMAL, GLOBE, Company, Amalgamation, First Franklin Financial Corp., Amalgamated Bank, Amalgamated Clothing Workers of America, Internet service provider, Bank

NEW YORK, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (Amalgamated or the Company) (Nasdaq: AMAL) today announced that its third quarter 2022 financial results will be released before market open on Thursday, October 27, 2022.

Key Points: 
  • NEW YORK, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (Amalgamated or the Company) (Nasdaq: AMAL) today announced that its third quarter 2022 financial results will be released before market open on Thursday, October 27, 2022.
  • The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results.
  • Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank.
  • Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country's oldest labor unions.