Overview
Amalgamated Bank serves working-class consumers, trade unions, and businesses through 20 branches in and around New York City, as well as through locations in California, New Jersey, Nevada, and Washington, DC. Services include deposit accounts, fund administration, and asset-based lending. 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 US.
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Read More Amalgamated Bank is controlled by UNITE HERE, a trade union of textile and hospitality trade employees, and 40% owned by both The Yucaipa Companies and WL Ross & Co. The FDIC-insured commercial bank has $3.5 billion in assets.
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Read More Amalgamated Bank is controlled by UNITE HERE, a trade union of textile and hospitality trade employees, and 40% owned by both The Yucaipa Companies and WL Ross & Co. The FDIC-insured commercial bank has $3.5 billion in assets.
Read Less
Keith Mestrich
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Depository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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Commercial banks, nec
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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Actual
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Actual
$393.34 million
Actual
10.77%
20.98%
$8,256
DEC
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Contacts
Get in Touch with 6 Principals* and 267 Contacts
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Keith MestrichPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$393.34 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $124 | $117 | $147 |
| Net Investing Cash | -$316 | -$134 | -$1,202 |
| Net Financing Cash | $162 | $44 | $788 |
| Net Change in Cash | -$30 | $27 | -$267 |
| Cash at Beginning of Period | $91 | $64 | $330 |
| Cash at End of Period | $61 | $91 | $64 |
| Capital Expenditure | -$2 | -$1 | -$2 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $61 | $91 | $64 |
| Accounts Receivable | $61 | $55 | $41 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $21 | $29 | $38 |
| Intangible Assets | $1 | $2 | $3 |
| Total Assets | $8,257 | $7,972 | $7,843 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $314 | $305 | $658 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $7,549 | $7,387 | $7,334 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $480 | $388 | $330 |
| Equity Summary | |||
| Total Equity | $708 | $585 | $509 |
| Shares Outstanding | 30,670,982 | 30,428,359 | 30,700,198 |