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Amalgamated Bank Snapshot
Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank serves working-class consumers, trade unions, and businesses through about 20 branches in and around New York City, as well as locations in California, New Jersey, Nevada, and Washington, DC. Services include deposit accounts, fund administration, and asset-based lending. Amalgamated Bank is owned by UNITE HERE, a trade union of textile and hospitality trade employees, making it the only union-owned bank in the US. The union was formed in 2004 through the merger of Unite (formerly Union of Needletrades, Industrial and Textile Employees) and Here (Hotel Employees and Restaurant International Union).
