About Amalgamated Bank
Amalgamated Bank is a company based in New York (United States) founded in 1923.. The company has 429 employees as of December 31, 2024. Amalgamated Bank offers products and services including Online Checking, Savings Account, Credit Cards, and Mobile Banking App. Amalgamated Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter New York, United States
- Employees 429 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Amalgamated Financial Corp.
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Annual Revenue
$454.9 M0as on Dec 31, 2025
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Net Profit
$104.44 M0as on Dec 31, 2025
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EBITDA
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Latest Funding Round
$7.7 M (USD), Post-IPO
Jan 27, 2012
- Investors
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Employee Count
429
as on Dec 31, 2024
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IPO & Listings of Amalgamated Bank
Amalgamated Bank is a publicly listed company on the NASDAQ with ticker symbol AMAL in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Amalgamated Bank
Amalgamated Bank offers a comprehensive portfolio of products and services, including Online Checking, Savings Account, Credit Cards, and Mobile Banking App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Interest-bearing account for personal daily transactions
Account offering tiered interest on balances
Cards for personal and business spending needs
App for account management and transfers
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Leadership Team
74 people
Software Development Team
32 people
Finance and Accounting
11 people
Legal and Compliance
8 people
Operations Team
5 people
Human Resources and Administration
3 people
Sales and Marketing
2 people
Chair Team
1 people
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Funding Insights of Amalgamated Bank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $7.7M
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First Round
First Round
(17 Sep 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2012 | Amount | Post-IPO - Amalgamated Bank | Valuation |
investors |
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| Sep, 2008 | Amount | Post-IPO - Amalgamated Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Amalgamated Bank
Amalgamated Bank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Generation Investment Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Amalgamated Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Amalgamated Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Amalgamated Bank Comparisons
Competitors of Amalgamated Bank
Amalgamated Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Amalgamated Bank
Frequently Asked Questions about Amalgamated Bank
When was Amalgamated Bank founded?
Amalgamated Bank was founded in 1923 and raised its 1st funding round 85 years after it was founded.
Where is Amalgamated Bank located?
Amalgamated Bank is headquartered in New York, United States. It is registered at New York, New York, United States.
How many employees does Amalgamated Bank have?
As of Dec 31, 2024, the latest employee count at Amalgamated Bank is 429.
What is the annual revenue of Amalgamated Bank?
Annual revenue of Amalgamated Bank is $454.9M as on Dec 31, 2025.
What does Amalgamated Bank do?
Amalgamated Bank was founded in 1923 and operates as a commercial bank headquartered in New York, United States. Core activities include deposit accounts, lending, and payment processing for businesses and individuals. Services are extended through its domain, amalgamatedbank.com, with a focus on the financial sector. Operations remain centered in the New York area, serving regional and national clients in a regulated banking environment.
Who are the top competitors of Amalgamated Bank?
What products or services does Amalgamated Bank offer?
Amalgamated Bank offers Online Checking, Savings Account, Credit Cards, and Mobile Banking App.
Is Amalgamated Bank publicly traded?
Yes, Amalgamated Bank is publicly traded on NASDAQ under the ticker symbol AMAL.
Who are Amalgamated Bank's investors?
Amalgamated Bank has 1 investor. Key investors include Generation Investment Management.
What is Amalgamated Bank's ticker symbol?
The ticker symbol of Amalgamated Bank is AMAL on NASDAQ.