“We are proud to partner with Amalgamated Bank, an organization that shares our commitment to supporting America’s working families and small businesses,” said Steve Kerrigan, President and CEO of the Presidential Inaugural Committee. “Amalgamated’s reputation for strong customer service will be a valuable asset to the Committee as we work to host the historic second Inauguration of President Obama.”
Amalgamated Bank was founded in 1923 by the Amalgamated Clothing Workers of America so that workers, labor union and progressive social organizations could bank with an institution that represents their interests. Today, Amalgamated Bank’s largest shareholder is Workers United, an SEIU affiliate.
In welcoming the Committee to Amalgamated, Edward Grebow, the Bank’s President and CEO, said, “We are honored that the Presidential Inaugural Committee has selected our bank to play an important role in the President’s second inaugural ceremonies. The Committee joins with other bank clients, including the Democratic National Committee and the Democratic Governors Association, in choosing to bank with an institution that understands and is fighting for the values of hardworking American families. We are very proud to play a role in marking this important date in American history.”
About Amalgamated Bank:
Established in 1923 by the Amalgamated Clothing Workers of America and now owned by its successor Organization, Workers United, Amalgamated bank continues the progressive traditions of its founders as the only union-owned bank in the United States. Chartered by New York State, Amalgamated bank is an FDIC-insured commercial bank. In addition to providing a full range of commercial banking services, Amalgamated’s business including trust and investment management services, commercial real estate finance and retail banking. The Bank operates retail branches in New York, New Jersey, California, Nevada and Washington, DC. The Bank’s customers include hundreds of labor unions, non-profit organizations and political organizations. For more information visit https://www.amalgamatedbank.com/home/home