[7] Through its Institutional Asset Management and Custody Division, Amalgamated Bank is one of the leading providers of investment and trust services to Taft–Hartley plans in the United States.
It listed chairman Hyman Blumberg, president R. L. Redheffer, vice president Jacob S. Potofsky, cashier Leroy Peterson, and other directors: Gold, Sidney Hillman, Max Lowenthal, August Bellanca, Fiorello H. La Guardia, Abraham Miller, Joseph Schlossberg, Murray Weinstein, Max Zaritsky, and Peter Monat.
[13] In the late 1920s, Amalgamated Bank had a "Travel Department" that advertised "Visit Soviet Russia" in New Masses magazine.
The National Association for the Advancement of Colored People (NAACP) received $800,000 to post a cash bond within 24 hours.
In 1982, Amalgamated made a $200,000 loan to the striking National Football League Players Association even though they did not even have an account at the bank.
Amalgamated Bank offers comprehensive financial services for individuals, small businesses and commercial clients.
Some notable clients of the bank include labor unions as the American Federation of State, County and Municipal Employees, the International Association of Firefighters,[22] the Service Employees International Union, and the United Federation of Teachers as well as other groups such as the Democratic Governors Association,[23] Economic Policy Institute, League of Conservation Voters, Organizing for Action, and Public Citizen.
[31] Amalgamated announced the news on the heels of the release of a study[32] by the National Employment Law Project detailing a great discrepancy in wages in the banking industry.
As part of its commitment to affordable housing, Amalgamated Bank also helped create a new product launched in April 2016, which was the first of its kind to offer home buyers down-payment protection should they face turbulent market conditions.
[36] IDNYC cards can be obtained by city residents at no cost and can be used at any of Amalgamated Bank's NYC branches across the Bronx, Brooklyn, Manhattan and Queens.