Amalgamated Bank
- Company typePublic
- Founded1923
- HeadquartersNew York, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
Amalgamated Bank firmographics
Firmographics- Name
- Amalgamated Bank
- Legal name
- Amalgamated Bank
- Website
- https://amalgamatedbank.com
- Company type
- Public
- Founded year
- 1923
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Where Amalgamated Bank is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Amalgamated Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Net Interest Income: Traditional banking revenue from interest rate spreads between loans and deposits. Core earnings driver with Q1 2026 net interest margin of 3.75%.
- Commercial Lending: Loans to commercial customers including social impact lending, commercial real estate, C-PACE lending, and commercial and industrial lending. Drives 9.7% revenue growth in Q1 2026.
- Deposit Account Fees and Services: Fees from checking accounts (Maximum Impact Checking with $0 monthly fee with direct deposit), business accounts, and overdraft coverage services. NSF fee of $34 (California: $25).
- Institutional Investing Services: Investment management services, custody services, benefit disbursements, and LongView Equity and Fixed Income products through institutional investing division.
- C-PACE Lending Platform: Capital commitment of $250 million to FASTPACE platform for sustainable real estate financing, generating income through lending spread on commercial property assessed clean energy loans.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | 7-Month Certificate of Deposit: 4.03% APY with $500 minimum deposit |
| Subscription | Monthly | Maximum Impact Checking: $0 monthly with direct deposit, $10 without |
| Subscription | Monthly | Amalgamated Business Checking Plus: $0 with $15,000 average balance |
| Subscription | Monthly | Hard Working Money Market Account: Tiered rates for commercial deposits |
| Transaction based/ take rate | Pay-as-you-go | Expedited Bill Pay convenience fee |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Amalgamated Bank product offering
Product offeringCore offering
Amalgamated Bank is a B Corp-certified commercial and retail bank offering deposit accounts, consumer and commercial lending, treasury management, and institutional investment services, with a distinctive focus on climate finance, ESG-aligned lending, and mission-driven customers including nonprofits, labor unions, and political organizations. The bank operates a multi-channel distribution model combining physical branches, online and mobile banking, and specialized partnerships for residential mortgages and C-PACE sustainable real estate financing.
Product overview
Amalgamated Bank offers a comprehensive suite of banking products organized across Personal, Small Business, and Commercial divisions. The Personal Banking suite includes Maximum Impact Checking and 7-Month CD products alongside savings, credit cards, and personal investing services like Socially Responsible Investing and Fossil Fuel Free Portfolio. Small Business Banking centers on Amalgamated Business Checking Plus with integrated treasury management. Commercial Banking encompasses checking, savings, lending products (Social Impact Lending, Commercial & Industrial Lending, Commercial Real Estate, C-PACE), and specialized services for Nonprofits, Unions, Political Organizations, and Sustainable Organizations. The Institutional Investing division provides investment management and custody services including LongView Equity & Fixed Income products. The bank differentiates through mission-aligned products such as the Climate Impact Debit Card (bio-sourced from corn) and sustainable finance initiatives, while modern digital services include Mobile Banking App and digital wallet integrations with Apple Pay, Google Pay, and Samsung Pay.
Differentiator
Problem solved
Functional benefit
Brands
- Maximum Impact Checking™: A powerful checking account with benefits and perks offered by Amalgamated Bank.
- Climate Impact Card
- FASTPACE C-PACE
Products and services
- Maximum Impact Checking
Quantifiable outcome
- 9.7% revenue growth in Q1 2026
- +4 more outcomes
Companies that use Amalgamated Bank
Customer profileNamed customers6 records
Segments10 records
Ideal customer profiles5 records
Amalgamated Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability4 records
Feature3 records
Amalgamated Bank partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- FIS (Fidelity National Information Services)coreAmalgamated Bank is a design partner in FIS's Financial Crimes AI Agent development with Anthropic. The AI agent automates anti-money laundering investigations, compressing investigation time from hours to minutes by automatically assembling evidence and surfacing high-risk cases. FIS provides the data platform and governance infrastructure while Anthropic's Claude models supply reasoning capabilities. Broader commercial availability planned for H2 2026.
- AnthropiccoreAnthropic partnered with FIS to launch AI compliance agents for financial services, with Amalgamated Bank as design partner for the Financial Crimes AI Agent targeting AML investigations. Anthropic's Applied AI team and forward-deployed engineers are embedded with FIS to co-design the agent and transfer knowledge. The $35-40 billion annual U.S. market for AML operations is the target use case.
- Embrace Home LoanscoreEmbrace Home Loans signed agreement to originate and service residential mortgage loans for Amalgamated Bank customers through an exclusive platform. The partnership enables Amalgamated Bank to expand mortgage offerings while leveraging Embrace's local loan officers and specialized financing programs including a $10,000 cash guarantee and appraisal waiver option. This arrangement follows Embrace's similar deal with OceanFirst Bank.
- FASTPACE (Allectrify)coreAmalgamated Bank committed up to $250 million to fund projects through the FASTPACE C-PACE lending platform, operated by Allectrify, to enhance access to sustainable real estate financing nationwide. The partnership targets smaller, retrofit-focused projects with mid-sized project sizes from $250,000 to $10 million, streamlining the process for clean energy building improvements.
Scale indicators11 records
Recent moves4 records
Expansion highlights6 records
Amalgamated Bank competitors and assessment
Company assessmentEmerging players
- Hope Credit Union (Hope Enterprise Corporation): Hope Credit Union is a CDFI serving low-income communities in the Deep South with mission-driven banking similar to Amalgamated's underserved-segment focus. While a credit union rather than commercial bank, it competes for the same impact-banking narrative and customer base.
- Self-Help Federal Credit Union: Self-Help Federal Credit Union is a CDFI with strong focus on community development lending and impact investing. Comparable to Amalgamated in serving underserved markets with mission-driven products, though structured as a credit union.
Direct peers
- Customers Bank: Customers Bank is a mid-sized commercial bank serving niche segments including digital-banking partners and commercial clients. Comparable to Amalgamated in size class and commercial-banking focus, though without the explicit ESG positioning.
- City First Bank: City First Bank is a CDFI-certified and B Corp bank focused on community development lending and impact banking. It shares Amalgamated's commitment to mission-driven banking and serves overlapping nonprofit, political, and underserved segments.
- Beneficial State Bank: Beneficial State Bank is a B Corp-certified commercial bank with an explicit values-based mission similar to Amalgamated, serving nonprofits, unions, and progressive organizations. It is the closest direct comparable in mission-aligned commercial banking.
- Spring Bank: Spring Bank is a New York-based B Corp-certified community bank focused on serving underserved communities and nonprofit organizations. Direct peer in mission-aligned banking and geographic overlap with Amalgamated's NY footprint.
- Sunrise Banks: Sunrise Banks is a CDFI-certified B Corp bank with strong focus on socially responsible and impact lending. Comparable to Amalgamated in mission alignment, community development finance, and certified B Corporation status.
- Live Oak Bank: Live Oak Bank is a publicly traded small business and commercial lender with comparable asset size and focus on niche lending verticals. While not mission-aligned, it is a relevant size and public-market comparable for Amalgamated's commercial banking model.
Broad incumbents
- Pacific Premier Bancorp: Pacific Premier is a larger regional commercial bank serving small-to-mid-sized businesses and nonprofits. While broader in scope, it competes with Amalgamated in the West Coast commercial banking market and serves nonprofit segments.
Regional players
- Triodos Bank: Triodos Bank is a European values-based bank and Global Alliance for Banking Values member like Amalgamated. Comparable in mission-driven banking model and ESG focus, though operating primarily in Europe rather than US markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Amalgamated Bank social profiles
Digital presenceAmalgamated Bank compliance and trust
Trust signalCompliance5 records
Amalgamated Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Amalgamated Bank leadership team
Management profileNumber of profiles
Profiles6 records
Amalgamated Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Amalgamated Bank M&A and investment
M&A and investmentM&A2 records
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Amalgamated Bank
What does Amalgamated Bank do?
Amalgamated Bank is a B Corp-certified commercial and retail bank offering deposit accounts, consumer and commercial lending, treasury management, and institutional investment services, with a distinctive focus on climate finance, ESG-aligned lending, and mission-driven customers including nonprofits, labor unions, and political organizations. The bank operates a multi-channel distribution model combining physical branches, online and mobile banking, and specialized partnerships for residential mortgages and C-PACE sustainable real estate financing.
Is Amalgamated Bank a public or private company?
Amalgamated Bank is a public company. It is classified as public and is currently operating.
When was Amalgamated Bank founded?
Amalgamated Bank was founded in 1923. It employs 251 to 500 people.
Where is Amalgamated Bank based?
Amalgamated Bank is headquartered in New York, United States, in the North America region.
How does Amalgamated Bank make money?
Five revenue lines are on record. Net Interest Income is the primary driver. The others are commercial Lending, deposit Account Fees and Services, institutional Investing Services and C-PACE Lending Platform.
Who are Amalgamated Bank's main competitors?
Emerging players on record are Hope Credit Union (Hope Enterprise Corporation) and Self-Help Federal Credit Union. Direct peers are Customers Bank, City First Bank, Beneficial State Bank, Spring Bank, Sunrise Banks and Live Oak Bank. Pacific Premier Bancorp is listed as a broad incumbent. Triodos Bank is listed as a regional player.
Does Amalgamated Bank have an API?
No public API is recorded for Amalgamated Bank.