Amalgamated Financial Corp. operates as a full-service commercial bank and chartered trust company through its primary subsidiary, Amalgamated Bank. The company's business model centers on providing commercial and retail banking, investment management, and trust and custody services. Revenue is primarily generated through net interest income from a diverse loan portfolio that includes commercial and industrial, multifamily mortgages, commercial real estate, and consumer solar loans, alongside non-interest income from commercial banking fees and trust services. As of late 2025, the bank managed over $37 billion in assets under custody and $16 billion in assets under management. Geographically, Amalgamated is headquartered in New York with additional offices in Washington, D.C., San Francisco, and Boston. The bank's competitive position is heavily defined by its values-based banking approach; it is a certified B Corporation and a member of the Global Alliance for Banking on Values, specifically targeting labor unions, political campaigns, advocacy groups, and environmentally conscious businesses as its core deposit base.
