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(New York, NY; Washington, DC) September 30, 2022 - Amalgamated Bank is pleased to announce its inaugural placement on the Piper Sandler Bank & Thrift Sm-All Stars list which recognizes the 35 highest-performing small-cap financial institutions in the country.
“We are honored to be recognized by Piper Sandler”, said Amalgamated President and CEO Priscilla Sims Brown. “This recognition demonstrates that our Growth for Good strategy yields results —that you can do well by doing good.”
Piper Sandler evaluated 362 publicly traded financial institutions with a market cap below $2.5 billion at June 30, 2022. The evaluation was based on various performance metrics focused on growth, profitability, and capital strength. Measured on earnings per share growth, loan growth, deposit growth, and return on average equity, 35 institutions were selected to the 2022 Piper Sandler Sm-All Stars class.
About Amalgamated Bank
Amalgamated Bank (“Amalgamated'' or the “Bank”), the wholly owned banking subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), is a mission-driven New York-based full-service commercial bank and a chartered trust company with a combined network of six branches in New York City, Washington D.C., San Francisco, and Boston. Amalgamated Bank provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Since our founding in 1923, Amalgamated Bank has served as America’s socially responsible bank, empowering organizations and individuals to advance positive social change. Amalgamated Bank advocates alongside those working to make the world more just, compassionate, and sustainable. Amalgamated Bank is the country’s largest B Corp® bank and a proud member of the Global Alliance for Banking on Values. We don’t just have a mission, we are on a mission to advance economic, social, racial and environmental justice utilizing the tools of finance. For more information, please visit our website at www.amalgamatedbank.com.
Media Contact:
Hudson Munoz
Amalgamated Bank
HudsonMunoz@amalgamatedbank.com
Joanne Jacobson
joannej@jacobsonstrategic.com
Jacobson Strategic Communications
617-504-8009
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