B U S I N E S S • R E A L E S T A T E • H O M E I M P R O V E M E N T business >WOMEN’S AUXILIARY ANNUAL LUNCHEON >THE ELDER LAW MINUTE >NEW BRIARWOOD BUILDING (continued on page 38) Amalgamated Bank Celebrates 90 Years of Accessible and Affordable Banking Founded 90 years ago, Amalgamated Bank has a long history of accessible and affordable banking. The Amalgamated Clothing Workers founded Amalgamated Bank in 1923. At the time, immigrant garment workers needed a place to bank, yet most banks would only work with the ultra-wealthy. Amalgamated Bank began to give working people access to banking services. Amalgamated Bank has an extensive history of being pioneers in accessible banking. It was the first bank to offer working people a personal checking account, the ability to transfer funds internationally and to borrow without collateral. Today, it continues its progressive traditions of advocating for worker’s rights and supporting a fair banking system. Though the bank has expanded beyond its founding union, and you don’t have to be a union member to bank there, Amalgamated Bank remains committed to unions and is the largest majority union-owned and unionized bank in America. “Throughout our history, we’ve upheld a tradition of providing banking access for those who would not otherwise have it,” said Samantha Berg, Amalgamated Bank’s Chief Marketing Officer. “Queens is the quintessential melting pot, and we have a long history of working with immigrants and diverse populations across the borough.” Seven years ago, Amalgamated made a push forward into community banking, expanding its branches in Queens, Brooklyn, the Bronx and Manhattan. The bank has 24 branches total, with 20 in the NYC metropolitan area. In Queens, the bank has offices in Jackson Heights, Maspeth, Ridgewood, Flushing and Long Island City. Amalgamated sees itself as a community bank with the services of a large bank and it has products uniquely designed to give people affordable access to the banking system. Amalgamated Bank’s personal banking offerings include deposits, investments, online banking, and loans, including residential mortgages with low rates. The bank recently launched its mobile banking platform. Customers can now transfer money externally and send money from their Amalgamated Bank account to
QC10102013
To see the actual publication please follow the link above