AMAL

Amalgamated Financial Corp. (AMAL) operates as a diversified financial services holding company providing banking, insurance, and investment management solutions across the United States. Headquartered in Charlotte, North Carolina, the company serves approximately 3.2 million retail and commercial customers through 420 branch locations in 12 states, primarily concentrated in the Southeast and Mid-Atlantic regions. AMAL's business segments include commercial and consumer banking, property and casualty insurance, wealth management, and mortgage origination services. The company employs roughly 8,500 people and reported total assets of $48 billion as of its most recent fiscal year. In 2023, AMAL completed its acquisition of Regional Trust Financial, adding $6.3 billion in assets and expanding its footprint into Virginia and Tennessee markets. The company has invested significantly in digital banking infrastructure, with mobile banking users increasing 34% year-over-year and now representing 68% of total transactions. AMAL maintains a loan portfolio weighted toward commercial real estate (42%), commercial and industrial loans (28%), and residential mortgages (22%). The company has paid consecutive quarterly dividends for 47 years and maintains investment-grade credit ratings from major rating agencies. AMAL's diversified revenue model and geographic presence position it as a regional player in the competitive community banking sector.