Market Overview

Amalgamated Bank Plans Initial Public Offering


NEW YORK, July 20, 2018 (GLOBE NEWSWIRE) -- Amalgamated Bank ("Amalgamated"), a commercial bank and a chartered trust company that specializes in providing banking services for socially responsible and values-based clients, today announced that it filed a registration statement on Form 10 with the Federal Deposit Insurance Corporation for the proposed listing of Amalgamated Bank Class A common stock in connection with a proposed initial public offering. The shares will be offered by certain selling stockholders. Amalgamated has applied to list its Class A common stock on the Nasdaq Global Market under the ticker symbol "AMAL".

Barclays, J.P. Morgan, and Keefe, Bruyette & Woods, a Stifel Company, will act as joint book-running managers.

The offering will be made only by means of an offering circular. The preliminary offering circular relating to the offering and the registration statement on Form 10 are available at The registration statement on Form 10 has not yet become effective. Copies of the preliminary offering circular may also be obtained from: Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, e-mail:, or by calling (888) 603-5847; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, or by calling 866-803-9204; or Keefe, Bruyette & Woods, Inc., Attention: Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, or by calling (800) 966-1559.  This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  The securities are neither insured nor approved by the Federal Deposit Insurance Corporation or the New York State Department of Financial Services.

About Amalgamated Bank
For nearly a century, Amalgamated Bank has served as one of America's leading socially responsible banks, supporting forward-thinking organizations, companies, and individuals across the country. We are an advocate for those working to make the world more just, compassionate and sustainable. Our extensive experience, financial knowledge and community of like-minded customers offer a unique set of financial tools to customers. Amalgamated 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 support those who support others, to invest in progressive and impactful causes and to advocate true financial opportunity for all.

Media Contact:
Kaye Verville
The Levinson Group

Investor Contact:
Jamie Lillis
Solebury Trout

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