Here are 1-3 brief analogies for Amalgamated Financial (AMAL):

• Like Bank of America, but specifically for unions and progressive organizations.
• A commercial bank similar to Chase, with a strong emphasis on social impact and ESG principles.
• The Patagonia of banking.

• Retail Banking Services: Provides checking and savings accounts, personal loans, mortgages, and credit cards to individual consumers and small businesses.
• Investment Management: Manages investment portfolios and offers advisory services for institutional clients, pension funds, and high-net-worth individuals.
• Wealth Management: Delivers comprehensive financial planning, estate planning, and personalized investment strategies to affluent clients.
• Corporate and Institutional Banking: Offers services such as corporate lending, treasury management, trade finance, and capital markets solutions to large corporations and financial institutions.

Amalgamated Financial (AMAL) - Major Customers

Amalgamated Financial (symbol: AMAL) is a hypothetical public company. As such, specific details regarding its actual major customers are not publicly available. However, based on the typical operations of a diversified financial services firm, it would likely serve a broad range of clients across different segments.

Assuming Amalgamated Financial operates with a strong retail and consumer banking presence, and therefore sells primarily to individuals (including proprietors of small businesses), its major customer categories would typically include:

• Retail Banking Customers: This foundational category includes individual consumers and families utilizing everyday banking services. These customers seek checking and savings accounts, credit cards, personal loans, auto loans, and mortgages for their daily financial management and major personal purchases.
• Wealth Management Clients: This segment comprises affluent individuals, high-net-worth families, and trusts. They require sophisticated financial planning, investment advisory services, portfolio management, retirement planning, and estate planning to grow and preserve their wealth over the long term.
• Small Business Owners: While technically representing businesses, services for very small businesses and sole proprietorships often fall under a financial institution's retail or small business banking division. These customers typically require business checking and savings accounts, small business loans, lines of credit, merchant services (payment processing), and payroll solutions to manage their enterprises.

It is important to note that a broadly named "Amalgamated Financial" could also have significant operations serving larger corporate clients and institutional investors through commercial banking, investment banking, and asset management divisions. However, in line with the prompt's structure, the focus here is on categories relevant to individual and small business clientele.

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Priscilla Sims Brown, President, Chief Executive Officer, and Director

Priscilla Sims Brown has served as President, Chief Executive Officer, and Director of Amalgamated Bank and Amalgamated Financial Corp. since June 1, 2021. She is recognized as a leader in social responsibility within banking, guiding Amalgamated Bank in values-based banking and mission-focused lending. Brown was named one of the Most Powerful Women in Banking in 2023 by American Banker.

Jason Darby, Senior Executive Vice President and Chief Financial Officer

Jason Darby was appointed Chief Financial Officer and Senior Executive Vice President of Amalgamated Financial Corp. in May 2021, after serving as interim CFO since April 2021. He joined Amalgamated Bank in 2015, holding prior roles including Executive Vice President and Chief Accounting Officer, and Senior Vice President and Controller. Before Amalgamated, Mr. Darby spent 12 years at Capital One Financial and North Fork Bank in finance and commercial business development. He also held positions at American Express in strategy development and KPMG as a banking auditor and technology implementation consultant. Mr. Darby served as Executive Vice President at Esquire Bank from 2009 to 2012. He is a licensed CPA in New York.

Sean Searby, Executive Vice President, Chief Information and Operations Officer

Sean Searby serves as Executive Vice President, Chief Information and Operations Officer. He has over 20 years of leadership experience across Operations, Product Management, Sales, and Service, focusing on commercial client segments and Transaction Banking. His career prior to Amalgamated included roles at HSBC's Global Transaction Banking unit and Cathay Bank's Strategic Planning Group.

Mandy Tenner, Executive Vice President and Chief Legal Officer

Mandy Tenner has been Executive Vice President and Chief Legal Officer since December 2023, and previously held the title of Executive Vice President and General Counsel since April 2022. She served as Deputy General Counsel and Assistant General Counsel at Amalgamated from 2018 to 2022 and 2016 to 2018, respectively. Prior to joining Amalgamated, Ms. Tenner worked as counsel for ContourGlobal, a global power company, and in the Leveraged Debt Group at Guggenheim Partners.

Ina Narula, Executive Vice President and Chief Risk Officer

Ina Narula is the Chief Risk Officer at Amalgamated Bank, overseeing risk management practices. She brings over 20 years of experience in the financial services industry. Before her tenure at Amalgamated, Ms. Narula was the Chief Risk Officer in Supervision & Regulation for the Federal Reserve Bank of New York.

The key risks to Amalgamated Financial (symbol: AMAL) primarily stem from its exposure to credit quality, liquidity, and broader economic and banking industry conditions.

1. Deterioration in Credit Quality and Increased Credit Losses: Amalgamated Financial faces the risk of borrowers experiencing a decline in financial condition, which could lead to significant increases in credit losses and provisions for those losses. The company has seen increases in criticized or classified loans and has had to increase reserves for certain commercial and industrial loans, as well as those related to its consumer solar loan portfolio, which can be volatile.
2. Deposit Outflows and Liquidity Risks: A significant risk for Amalgamated Financial is the potential for deposit outflows and subsequent declines in liquidity. This could be triggered by a lack of confidence in the banking system, deteriorating market conditions, or changes in the financial stability of its depositors. Maintaining sufficient liquidity to meet deposit and debt obligations is crucial, and a shortfall could necessitate selling investment securities at a loss, negatively impacting net income, earnings, and capital. The company also notes the volatility and short-lived nature of "political deposits" which contribute to both on and off-balance sheet funds.
3. Uncertain Conditions in the Banking Industry and Economic Downturns: Amalgamated Financial is susceptible to general economic conditions and broader uncertainties within the banking industry and its core markets. Unfavorable national, regional, or local economic conditions can adversely impact the company's business operations and financial performance. This also includes the continued fluctuation of the interest rate environment, which can affect net interest margin and the yield curve on investments.

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Amalgamated Financial (symbol: AMAL) operates as a bank holding company for Amalgamated Bank, providing commercial banking, retail banking, investment management, and trust and custody services primarily in the United States. The addressable markets for its main products and services in the U.S. are as follows:

• Commercial Banking: The U.S. commercial banking market size is estimated at USD 226.44 billion in 2024 and is expected to reach USD 269.28 billion by 2029, growing at a CAGR of over 2% during the forecast period. Other sources indicate the U.S. commercial banking market size as USD 732.5 billion in 2025, projected to reach USD 915.45 billion by 2030, with a CAGR of 4.56%. Another valuation places the market at USD 1.5 trillion in 2024, growing to USD 1.6 trillion in 2025. Additionally, the U.S. Commercial Banking Market was valued at USD 231.9 billion in 2024 and is expected to reach USD 351.8 billion by 2033, at a CAGR of 4.10%.

• Retail Banking: The U.S. retail banking market is valued at USD 0.87 trillion in 2025 and is forecasted to reach USD 1.08 trillion by 2030, reflecting a 4.22% CAGR. This market is also projected to grow by USD 92.1 billion at a CAGR of 4.2% between 2024 and 2029. Another report estimates the United States Retail Banking Market size to reach USD 125.1 billion by 2033, at a CAGR of 3.20% during the forecast period 2023 to 2033. Globally, the retail banking market was valued at USD 1.9 trillion in 2022 and is projected to reach USD 4 trillion by 2032.

• Wealth Management: The wealth management market in the USA is projected to gain USD 170.26 billion. North America was the largest region in the wealth management market, accounting for 51.63% or USD 937.45 billion of the total in 2023. The global wealth management market size is valued to increase by USD 460.1 billion, at a CAGR of 8.5% from 2024 to 2029. Furthermore, the Global Wealth Management Market Size is expected to grow from USD 4.12 billion in 2023 to USD 15.27 billion by 2033, at a CAGR 14.0%.

Amalgamated Financial (AMAL) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

1. Loan Expansion: The company anticipates continued acceleration in its lending activities, specifically targeting growth in multifamily, commercial real estate (CRE), and commercial and industrial (C&I) loan portfolios. This expansion is further supported by the addition of new C&I originators and growth in its C-PACE portfolio.

2. Deposit Growth Across Core Segments: Amalgamated Financial projects sustained momentum in deposit growth from its core segments, including political, climate and sustainability, not-for-profit, and labor deposits. A growing and stable deposit base provides essential funding for loan generation and overall asset growth.

3. Net Interest Margin Expansion and Stability: Management expects to maintain margin reliability and has reported recent net interest margin expansion, driven by improved interest income from securities and higher-yielding commercial loans. Analysts anticipate further profit margin growth due to operational upgrades.

4. Digital Transformation and Operational Efficiency: The recent launch of a fully integrated digital modernization platform is a key driver. This initiative aims to enhance productivity, provide a holistic view of customers for customized solutions, and ultimately deliver improved revenue growth through increased efficiency and customer engagement.

5. Expansion into High-Potential Markets: Scalable infrastructure investments, particularly those related to the digital transformation, are expected to support growth and improve efficiency, especially as the bank seeks to expand into high-potential markets.

Share Repurchases

• Amalgamated Financial Corp. authorized a new share repurchase program of up to $40 million in March 2025, replacing a previous authorization.
• As of December 31, 2024, approximately $18.7 million remained under the prior share repurchase authorization.
• The company repurchased approximately 25,000 shares for $0.8 million during the fourth quarter of 2024 under its existing share repurchase program.

Share Issuance

• Information regarding significant dollar amounts of shares issued for the last 3-5 years is not readily available in the provided search results.

Inbound Investments

• No significant inbound investments made in Amalgamated Financial by third-parties, such as strategic partners or private equity firms, are identified in the provided information for the last 3-5 years.

Outbound Investments

• Amalgamated Bank committed $250 million to the FASTPACE Platform to accelerate C-PACE lending nationwide in October 2025.
• Amalgamated Bank announced a $25 million commitment to Redball Energy in October 2025 to advance rooftop solar for underserved communities.
• Amalgamated Financial's annual long-term investments were $3,239 million in 2024, $3,197 million in 2023, $3,392 million in 2022, $2,968 million in 2021, and $2,046 million in 2020.

Capital Expenditures

• Information detailing specific dollar values of capital expenditures or expected capital expenditures for the upcoming year is not readily available in the provided search results.
• Non-interest expense, which can include technology costs, increased by $2.7 million in Q3 2025 from Q3 2024, driven by higher compensation, technology, and professional fees.