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Amalgamated Financial Corp. Announces a 17% Quarterly Dividend Increase
AMALAmalgamated Financial (AMAL) Newsfilter·2025-01-22 21:30

Core Viewpoint - Amalgamated Financial Corp. has announced a 17% increase in its quarterly dividend, raising it to 0.14percommonshare,payableonFebruary27,2025,tostockholdersofrecordonFebruary11,2025[1].CompanyOverview−AmalgamatedFinancialCorp.isaDelawarepublicbenefitcorporationandabankholdingcompanyengagedincommercialbankingandfinancialservicesthroughitswholly−ownedsubsidiary,AmalgamatedBank[2].−AmalgamatedBank,establishedin1923,operatesasafull−servicecommercialbankandcharteredtrustcompanywithfivebranchesacrossNewYorkCity,WashingtonD.C.,andSanFrancisco,alongwithacommercialofficeinBoston[2].−AsofSeptember30,2024,AmalgamatedBankreportedtotalassetsof0.14 per common share, payable on February 27, 2025, to stockholders of record on February 11, 2025 [1]. Company Overview - Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank [2]. - Amalgamated Bank, established in 1923, operates as a full-service commercial bank and chartered trust company with five branches across New York City, Washington D.C., and San Francisco, along with a commercial office in Boston [2]. - As of September 30, 2024, Amalgamated Bank reported total assets of 8.4 billion, total net loans of 4.5billion,andtotaldepositsof4.5 billion, and total deposits of 7.6 billion [2]. - The trust business of Amalgamated Bank held 35.4billioninassetsundercustodyand35.4 billion in assets under custody and 14.6 billion in assets under management as of September 30, 2024 [2].