Amalgamated Bank

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Amalgamated Bank is an FDIC insured institution headquartered at 275 7th Ave, New York, NY 10001.
It was founded in 1923 and has approximately $8 billion in assets. Customers can open an account at one of its 17 branches.

Deposit Rates - June 09, 2025

SAVINGS RATES	APY	MIN
SAV	2.25%	$0	Compare
SAV	1.36%	$100,000	Compare

CD RATES	APY	MIN
6 Mo CD	4.03%	$500	Compare
12 Mo CD	3.65%	$500	Compare
24 Mo CD	3.00%	$500	Compare
36 Mo CD	3.20%	$500	Compare
60 Mo CD	3.20%	$500	Compare

MM RATES	APY	MIN
Money Market	0.15%	$0	Compare
Money Market	1.00%	$25,000	Compare
Money Market	1.71%	$50,000	Compare
Money Market	2.07%	$100,000	Compare

FIXED IRA RATES	APY	MIN
7 Mo FIRA	3.30%	$500

INT CHECKING RATES	APY	MIN
INTCK	0.60%	$1,000

Loan Rates - June 09, 2025

MORTGAGE PURCHASE	APR(%)	MONTHLY PAYMENT
7 Year Adjustable Jumbo	6.50%	$2,023.25
10 Year Adjustable Jumbo	6.50%	$2,023.25
15 Year Fixed Jumbo	5.50%	$2,614.33
30 Year Fixed Jumbo	7.19%	$2,156.98

MORTGAGE REFINANCE	APR(%)	MONTHLY PAYMENT
7 Year Adjustable Jumbo	6.50%	$2,023.25
10 Year Adjustable Jumbo	6.50%	$2,023.25
15 Year Fixed Jumbo	5.50%	$2,614.33
30 Year Fixed Jumbo	7.19%	$2,156.98

See Other Mortgage Rates →

Overview 2025

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 622
Date Established	1923
Assets	$ 8.26 billion
Loans	$ 4.65 billion
Deposits	$ 7.23 billion
Capital	$ 721.91 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions	$ 63.46 million
Interest-bearing balances	$ 56.70 million
Total securities	$ 3.22 billion
Federal funds sold and reverse repurchase	$ 23.74 million
Net loans and leases	$ 4.65 billion
Loan loss allowance	$ 60.09 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 14.42 million
All other assets	$ 239.67 million
Total Assets	$ 7.54 billion

LIABILITIES
Total deposits	$ 7.23 billion
Interest-bearing deposits	$ 4.31 billion
Deposits held in domestic offices	$ 7.23 billion
% insured (estimated)"	48.75%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	$ 83.33 millionn
Total Liabilities	$ 7.54 billion
Shareholders’ Equity	$ 721.91 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income	$ 401.30 million
Total Interest Expense	$ 116.50 million
Net interest income	$ 284.80 million
Provision for loan and lease losses	$ 10.28 million
Total non interest income	$ 41.84 million
Total non interest expense	$ 158.07 million
Pre-tax Net Operating Income	$ 47.85 million

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Branches

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