Amalgamated Bank Appoints Progressive Leader Lynne Fox As New Board Chair

NEW YORK – Amalgamated Bank today announced that Lynne Fox will replace Noel Beasley as the new Chair of the Board. Ms. Fox, who has an impressive resume of progressive work, is the first woman to serve as the bank’s board chair. Fox currently serves as the International President of Workers’ United and the Manager of the Philadelphia Joint Board for Workers’ United, managing and overseeing 75,000 members in the US and Canada.

“At Amalgamated, we believe that diversity is essential to strong leadership,” said Keith Mestrich, President and CEO of Amalgamated Bank. “Studies have shown that banks with women on their boards outperform, and are more financially stable than those without female leadership. Ms. Fox’s deep rooted progressive values and union experience make her a natural fit for the bank, and we are thrilled to have her lead our social responsibility efforts on behalf of the bank and our board.”

Ms. Fox has been the manager for Workers’ United in Philadelphia for over 15 years. As a Philadelphia native born and raised in the labor movement, Fox has committed her life’s work to fighting for justice and fairness for all people. Fox has deep ties to the Philadelphia community, where among other things, she serves as president of the Philadelphia Jewish Labor Committee, vice president on the Philadelphia AFL-CIO Council and on the board of the Philadelphia Airport Advisory Board. Fox received her B.S. from Pennsylvania State University and her J.D. from Gonzaga University School of Law, where she was on Law Review and was published; and Temple University School of Law. She is the daughter of a Holocaust survivor.

“Justice and fairness for all people is a right, not a luxury,” said Ms. Fox. “Amalgamated Bank’s commitment to the working families, and dedication to bringing financial equity to all is both inspiring and commendable. I have spent my entire career working with progressive organizations to promote the power of labor and organizing, and I am excited and proud to continue promoting these values as a leader of the board.”

Amalgamated also announced that Richard Monje of the Workers United Chicago Joint Board will join the board this week. He is the second Latino member of the board.

About Amalgamated Bank

For nearly a century, Amalgamated Bank has been a financial institution with a purpose: affordable and accessible banking for all. Offering customers nationwide the products and services of a major financial institution, Amalgamated is committed to the values on which it was founded. We proudly advocate for workers’ rights and promote the highest standards of environmental, social and corporate governance practices, which is why we are the first choice of progressive organizations and people ­ from presidential campaigns and labor unions to individuals who want a bank that believes everyone should be able to participate fully in our economy. We serve our communities with the core principle that the real currency of banking isn’t dollars ­ it’s trust.