[4] In early 2022 Amalgamated Financial (the New York bank's holding company) announced the $98 million acquisition plan was ended due to regulatory difficulties, but ABOC said it could still proceed.
In 1966, a group of private investors led by Eugene P. Heytow bought control of the Chicago bank, which was to remain 5% union-owned.
Trademark Office objected to this concurrent use as likely to confuse consumers, but the U.S. Court of Appeals for the Seventh Circuit ultimately held that the Trademark Office should respect the banks' agreement.
[8] In 2000, Ullico Inc., a union-oriented insurance and investment company, announced that it would buy the bank[9] but withdrew its request the following year.
[12] In 2024 ABOC announced plans to expand outside of the Chicago area, starting with St. Louis.