Amalgamated Bank
FDIC #622
📍 New York, New York
Amalgamated Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 04/14/1923. With assets of $7.92 Billion, it operates 6 domestic branches.
Customer Reviews
2.3 ★
Based on 3 ratings
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★☆☆☆☆ T G
September 29, 2022
out of date information
★☆☆☆☆ Thomas
March 24, 2020
They are to be despised
★★★★★ Robert T
December 27, 2019
Very good service, dependable and [-] is on their customers and their needs
Community Reinvestment Act (CRA) Rating
Latest Exam: October 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
October 1, 2024
Satisfactory
September 1, 2021
Satisfactory
June 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$7.92 Billion
Total Deposits$7.02 Billion
Equity Capital$601.30 Million
Net Income$66.62 Million
📈 Performance
ROA1.13%
ROE15.05%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established04/14/1923
FDIC Cert622
Holding CoWorkers United
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 4:00 PM
Tuesday8:30 AM - 4:00 PM
Wednesday8:30 AM - 4:00 PM
Thursday8:30 AM - 6:00 PM
Friday8:30 AM - 4:00 PM
Saturday9:00 AM - 1:00 PM
SundayClosed
📜 Institutional History
2018
Merger / Acquisition
Acquired: New Resource Bank
2007
Relocation
Moved HQ to: 275 Seventh Avenue, New York, NY 10001.
2002
Merger / Acquisition
Acquired: Amalgamated Trust Company
2001
Name Change
Name became: Changed Institution Name To Amalgamated Bank.
2001
Relocation
Moved HQ to: 11-15 Union Square, New York, NY 10003.
📍 Branch Locations (6)
New Resource Bank Main Office Branch
255 California St Ste 600
San Francisco, California 94111
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255 California St Ste 600
San Francisco, California 94111
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