Amalgamated Financial to acquire Amalgamated Investments for $98m.

Amalgamated Financial, a holding company for Amalgamated Bank, an America’s socially responsible bank, agreed to acquire Amalgamated Investments, the holding company for Amalgamated Bank of Chicago, for $98m. “This acquisition aligns with our disciplined strategy of pursuing accretive opportunities that allow us to expand geographically, strengthen our financial resources and increase our customer base while leveraging our unique expertise in operating as an ESG-driven bank. We have long admired Amalgamated Bank of Chicago and are excited about this reunion of our once-related banks. Together, we have identified key areas of growth and opportunity that we’re ready to start collaborating on,” Priscilla Sims Brown, Amalgamated Financial President and CEO