About Amalgamated Financial Corp.
Amalgamated Bank is an American financial institution. It is the largest union-owned bank and one of the only unionized banks in the United States. Amalgamated Bank is currently majority-owned by Workers United, an SEIU Affiliate. It was founded on April 14, 1923, by the Amalgamated Clothing Workers of America. As of July 30, 2023, Amalgamated Bank had $7.8 billion in assets. Through its Institutional Asset Management and Custody Division, Amalgamated Bank is one of the leading providers of investment and trust services to Taft–Hartley plans in the United States.