Amalgamated Bank

NewtekOne, Inc. Hires Taylor Quinn as Chief Risk Officer

Retrieved on: 
Monday, April 1, 2024
Certified Public Accountant, KPMG, Risk management, Growth, Business, Risk, Business school, Amalgamated Bank, Senior, BOCA, Amalgamation, KPMG LLP, NEWT, Management

BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has hired Mr. Taylor Quinn as Senior Vice President, Chief Risk Officer for NewtekOne and Newtek Bank, N.A., effective today.

Key Points: 
  • BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has hired Mr. Taylor Quinn as Senior Vice President, Chief Risk Officer for NewtekOne and Newtek Bank, N.A., effective today.
  • Further, Taylor developed and integrated audit and risk management frameworks across the enterprise through deployment of technology.
  • Prior to Amalgamated Bank, Taylor worked at KPMG LLP as Audit Senior Manager in banking and capital markets where he worked with the audit, risk and regulatory functions.
  • Barry Sloane, Chairman, President and Chief Executive Officer commented, “We are thrilled to announce Taylor Quinn joining the senior management team at NewtekOne and Newtek Bank as Chief Risk Officer.

NSSF CELEBRATES KENTUCKY SECOND AMENDMENT PRIVACY ACT PASSING INTO LAW

Retrieved on: 
Thursday, March 28, 2024
Firearm, International Organization (journal), Merchant category code, Congress, General counsel, Second, Letter, Democratic National Committee, Seizure, Fourth Amendment, Left, MCC, Amalgamated Bank, Financial Crimes Enforcement Network, Fourth, House, Privacy, The New York Times, General assembly, Louisiana House of Representatives, Treasury, ISO, NSSF, Government, Representative, Legislation, Commonwealth, Fear

WASHINGTON, March 28, 2024 /PRNewswire/ -- NSSF®, The Firearm Industry Trade Association, celebrates Kentucky House Bill 357, informally called the Second Amendment Privacy Act, passing into law.

Key Points: 
  • WASHINGTON, March 28, 2024 /PRNewswire/ -- NSSF®, The Firearm Industry Trade Association, celebrates Kentucky House Bill 357, informally called the Second Amendment Privacy Act, passing into law.
  • This NSSF-supported law protects the privacy and sensitive financial information of people purchasing firearms and ammunition in Kentucky.
  • Additionally, the law prohibits keeping or causing to be kept any list, record or registry of private firearm ownership.
  • The law was sponsored by Kentucky state Reps. Derek Lewis and Michael Meredith, as well as state Sen. Jason Howell.

NSSF PRAISES WYOMING GOV. MARK GORDON FOR PROTECTING SECOND AMENDMENT PRIVACY

Retrieved on: 
Monday, March 25, 2024
Firearm, International Organization (journal), Congress, Government, General counsel, Hitachi HD44780 LCD controller, Second, Exercise, Letter, Democratic National Committee, Seizure, Fourth Amendment, Left, MCC, Amalgamated Bank, Financial Crimes Enforcement Network, Fourth, House, The New York Times, Privacy, Louisiana House of Representatives, Treasury, ISO, NSSF, Senate, Representative, Legislation, Fear

Mark Gordon for signing the NSSF-supported Second Amendment Financial Privacy Act, Senate File 105 .

Key Points: 
  • Mark Gordon for signing the NSSF-supported Second Amendment Financial Privacy Act, Senate File 105 .
  • This law protects the privacy and sensitive financial information of people purchasing firearms, firearm parts and ammunition in Wyoming.
  • "NSSF thanks Governor Gordon for signing the Second Amendment Financial Privacy Act to protect the rights and privacy of Wyoming citizens.
  • Wyoming joins Indiana, Utah, Florida, Idaho, Mississippi, Montana, North Dakota, Texas and West Virginia with laws protecting citizens' Second Amendment privacy.

UTAH GOVERNOR COX SIGNS SECOND AMENDMENT PRIVACY LAW

Retrieved on: 
Thursday, March 21, 2024
Firearm, International Organization (journal), Merchant category code, Congress, Letter, General counsel, The New York Times, Federation, Seizure, Fourth Amendment, HB, Sale, Fear, Left, MCC, Amalgamated Bank, Privacy, House, Financial Crimes Enforcement Network, Fourth, Louisiana House of Representatives, Treasury, ISO, NSSF, Government, Representative, Legislation, Democratic National Committee, Corporation

NSSF worked closely with legislators in Utah to introduce legislation that would protect private and legal purchases from exploitation.

Key Points: 
  • NSSF worked closely with legislators in Utah to introduce legislation that would protect private and legal purchases from exploitation.
  • "Corporate banks and the federal government have already proven they will run roughshod over Second Amendment and Privacy rights.
  • "NSSF thanks Governor Cox for his leadership in signing this important legislation into law that will protect the rights of the citizens in Utah.
  • Utah joins Indiana, Florida, Idaho, Mississippi, Montana, North Dakota, Texas and West Virginia with laws protecting citizens' Second Amendment privacy.

INDIANA GOVERNOR HOLCOMB SIGNS SECOND AMENDMENT PRIVACY LAW

Retrieved on: 
Thursday, March 21, 2024
Firearm, International Organization (journal), Merchant category code, Congress, Letter, General counsel, The New York Times, Federation, Seizure, Fourth Amendment, Sale, Fear, Left, MCC, Amalgamated Bank, Privacy, House, Financial Crimes Enforcement Network, Fourth, Louisiana House of Representatives, Legislation, Treasury, ISO, NSSF, Government, Representative, Democratic National Committee, Corporation

Eric Holcomb for signing House Bill 1084 into law, the NSSF-supported Second Amendment Privacy Act.

Key Points: 
  • Eric Holcomb for signing House Bill 1084 into law, the NSSF-supported Second Amendment Privacy Act.
  • "Corporate banks and the federal government have already proven they will run roughshod over Second Amendment and Privacy rights.
  • "NSSF thanks Governor Holcomb for his leadership in signing this important legislation into law that will protect the rights of the citizens in Indiana.
  • Indiana joins Utah, Florida, Idaho, Mississippi, Montana, North Dakota, Texas and West Virginia with laws protecting citizens' Second Amendment privacy.

Amalgamated Financial Corp. Reports Fourth Quarter 2023 Financial Results: $170.8 Million Deposit Growth Excluding Brokered CDs; Net Interest Margin Rises to 3.44%

Retrieved on: 
Thursday, January 25, 2024
Income tax, Amalgamation, AMAL, PACE, CECL, Total, Amalgamated Bank, Share repurchase, Earnings call, Sale, GAAP, Common equity, PACS, Capital, Eastern Time Zone, Bank

Net interest income was $67.3 million for the fourth quarter of 2023, compared to $63.7 million for the third quarter of 2023.

Key Points: 
  • Net interest income was $67.3 million for the fourth quarter of 2023, compared to $63.7 million for the third quarter of 2023.
  • Net interest margin was 3.44% for the fourth quarter of 2023, an increase of 15 basis points from 3.29% in the third quarter of 2023.
  • Core non-interest income1 was $8.5 million for the fourth quarter of 2023, compared to $7.8 million in the third quarter of 2023.
  • Core non-interest expense1 for the fourth quarter of 2023 was $37.7 million, an increase of $0.7 million from the third quarter of 2023.

Block Publishes First Commerce and Climate Survey and Announces Its Sustainable Banking Initiative, a $25M Investment Aimed at Promoting Sustainability Through Community Lending

Retrieved on: 
Monday, January 29, 2024
Sustainability, Environment, Finance, Environmental, Social and Governance (ESG), Banking, Small Business, Climate Change, Professional Services, Social responsibility, MDI, IA Financial Group, FDIC, National Cooperative Bank, NCB, CDFI, TIDAL, Amalgamated Bank, TBD, Commerce, Ecosystem, Climate change, Investment, Community development, Community Bank, Climate, Renewable energy

Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey .

Key Points: 
  • Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey .
  • According to the survey, 68% of business owners are concerned about the future impacts of climate change on their business.
  • Additionally, 82% of U.S. consumers are concerned about the impact of climate hazards on small businesses in the community.
  • Through the Sustainable Banking Initiative, Block has placed $25 million of deposits into community lenders that are providing loans to businesses and individuals focused on sustainability efforts.

Season of Giving Reaches Small Businesses Through $4.3 Million in Accelerate Grants

Retrieved on: 
Monday, December 11, 2023
Banking, Professional Services, Business, Finance, Plant, Insurance, Multimedia, Federal Home Loan Banks, Small business, Community, Acceleration, Amalgamated Bank, Amalgamated Bank of Chicago

During the height of the holiday season, and directly following Small Business Saturday, 172 businesses in Illinois and Wisconsin learned that they would receive a $25,000 grant to support their business.

Key Points: 
  • During the height of the holiday season, and directly following Small Business Saturday, 172 businesses in Illinois and Wisconsin learned that they would receive a $25,000 grant to support their business.
  • The Federal Home Loan Bank of Chicago (FHLBank Chicago) awarded $4.3 million in total grants to deserving businesses to provide economic and community development throughout Illinois and Wisconsin – more than quadrupling their investment in Community First Accelerate Grants for Small Business (Accelerate Grants) year over year.
  • “Small businesses in our members’ communities provide valuable products and services that contribute to local economies,” said Katie Naftzger, Community Investment Officer, FHLBank Chicago.
  • The Plant provides jobs to low-and-moderate income individuals and reduces the high-cost market entry barrier for 20 small businesses.

Amalgamated Financial Corp. Reports Third Quarter 2023 Financial Results; Stable Net Interest Margin at 3.29%, Deposit growth excluding Brokered CDs of $172.8 million

Retrieved on: 
Thursday, October 26, 2023
Earnings call, Sale, Eastern Time Zone, Amalgamation, PACE, Share repurchase, GAAP, Trust, First Franklin Financial Corp., Risk-weighted asset, Amalgamated Bank, Common equity, CECL, PACS, Total, AMAL, Security (finance), Uranium mining, Bank, Insurance, Pharmaceutical industry, Real estate, Video game

Net interest income was $63.7 million and net interest margin was 3.29%, with each better than the guidance range provided in the second quarter.

Key Points: 
  • Net interest income was $63.7 million and net interest margin was 3.29%, with each better than the guidance range provided in the second quarter.
  • Net interest income was $63.7 million for the third quarter of 2023, compared to $63.0 million for the second quarter of 2023.
  • Provision for credit losses totaled $2.0 million for the third quarter of 2023 compared to $3.9 million in the second quarter of 2023.
  • Additionally, deposits excluding Brokered CDs increased by $172.8 million, while Brokered CDs decreased $76.6 million.

Amalgamated Bank Selects Baker Hill

Retrieved on: 
Tuesday, October 3, 2023
Organization, Commercial, Risk management, Commercial and industrial loan, Global Alliance, Amalgamated Bank, C&I, Bank

CARMEL, Ind., Oct. 3, 2023 /PRNewswire/ -- Baker Hill, the leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, has added Amalgamated Bank to its growing client roster. The New York-based bank will leverage Baker Hill NextGen® Statement Spreading to streamline financial analysis for commercial loans. 

Key Points: 
  • CARMEL, Ind., Oct. 3, 2023 /PRNewswire/ -- Baker Hill , the leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, has added Amalgamated Bank to its growing client roster.
  • The New York-based bank will leverage Baker Hill NextGen® Statement Spreading to streamline financial analysis for commercial loans.
  • To further its mission of serving customers and clients that are making a meaningful impact in the world, Amalgamated Bank has chosen Baker Hill NextGen® Statement Spreading to improve its financial spreading analysis and better manage credit risk.
  • "Baker Hill's team takes great pride in partnering with Amalgamated Bank, as they have grown to support thousands of people, organizations, causes and businesses committed to improving the world we live in," said John Deignan, president and CEO of Baker Hill.