Amalgamated Bank Salutes D.C. Mayor Bowser and City Council for Raising Minimum Wage to $15 Per Hour

WASHINGTON, D.C. – Amalgamated Bank, the leading national progressive bank, today strongly supported the raising of the minimum wage to $15 an hour in Washington, D.C. Amalgamated Bank has been outspoken in supporting the Fight For $15 in D.C. and nationally.  Last year, the bank became the first in the nation to raise its minimum wage to $15 for all employees and called on the rest of the banking industry to due the same. Earlier this year, the bank also strongly supported and successfully fought for raising the minimum wage in New York State.

“As the first bank in the nation to raise our minimum wage to $15, we proudly salute Mayor Bowser and the City Council for taking a stand for the hardworking men and women of D.C.,” said Amalgamated Bank President and CEO Keith Mestrich. “By raising the minimum wage, they are not only giving people an economic boost, they are also giving families a better chance for long-term success. More and more of the country is recognizing that paying a living wage is not only good for workers and our communities, it’s also good for business.”

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.