Amalgamated Bank Declares Regular Quarterly Dividend

NEW YORK, May 02, 2019 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (the “Company”) today announced that its Board of Directors has declared a regular dividend to common shareholders of $0.06 per share, payable on May 31, 2019, to shareholders of record on May 16, 2019.  The amount and timing of any future dividend payments to shareholders will be subject to the discretion of the Company’s Board of Directors.

About Amalgamated Bank 

Amalgamated Bank is a New York-based full-service commercial bank and a chartered trust company with a combined network of 14 branches in New York City, Washington D.C., and San Francisco, and a presence in Pasadena, CA and Boulder, CO. Amalgamated was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country's oldest labor unions. Amalgamated provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Amalgamated is a proud member of the Global Alliance for Banking on Values and is a certified B Corporation®. As of March 31, 2019, total assets were $4.9 billion, total net loans were $3.3 billion, and total deposits were $4.1 billion. Additionally, as of March 31, 2019, the trust business held $30.1 billion in assets under custody and $11.8 billion in assets under management.

Media Contact:Kaye VervilleThe Levinson Group[email protected] 202-244-1785

Investor Contact:Jamie LillisSolebury Trout[email protected]800-895-4172

You May Also Be Interested In

• Coffee Roaster Market Size Set to Reach $3.63 Billion by 2031 Driven by On-Premise Roasting and Stricter Emissions Standards – Mordor Intelligence
• Creative Solutions in Healthcare Wins Implementation of the Year at Inaugural exacare ai Awards
• From the Cockpit to the Physical World: Chery Redefines Embodied AI and Future Mobility Through Automotive-Grade Intelligence