Amalgamated Bank

275 Seventh Avenue
New York, NY 10001
212-255-6200
www.amalgamatedbank.com

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Amalgamated Bank, founded in 1923 by the Amalgamated Clothing Workers of America, is a commercial bank chartered in New York with nationwide service. At Amalgamated Bank - America's Labor Bank - they work hard to make your life easier. For more than 80 years, they have provided working men and women, as well as unions, associations and businesses, with affordable banking services.

Amalgamated Bank Routing Number: 026003379

Competitive 13-Month CD Rate at Amalgamated Bank in CA, NV, NY, NJ & DC - 5/4/2011

Amalgamated Bank is offering a fairly competitive CD special. It's a 1.35% APY 13-month CD. Minimum deposit is $500, and the maximum deposit is $250,000. New money is required, and it's only for perso ...

2.0% 2Year CD / 1.50% 7 Month CD (Forum) - 8/31/2010

Amalgamated Bank of NY is having branch opening specials on CD's 1.50% for 7 months & 2.0% for 2 years. Available at the new Brooklyn NY branch located at 1202 Avenue J.

2.90% 15-Month CD at Amalgamated Bank in NY, NJ, DC & CA - 4/10/2009

Amalgamated Bank continues to offer a competitive 15-month CD special with a rate of 2.90% APY. Minimum deposit is $500, and the maximum deposit is $99,000. A new checking account is required. This special is listed on the bank's front page as of...

3.50% 15-Month CD at Amalgamated Bank in NY, NJ, DC & CA - 2/15/2009

Update 2/26/09: The special 15-month CD rate has fallen to 2.90% APY.Amalgamated Bank is offering a 3.50% APY 15-month CD. Minimum deposit is $500, and a new checking account is required. This special is listed at the bank's front page as of 2/15/09.The...

2007

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See Rates for: Checking | Savings | Money Market | CD | IRA

Amalgamated Bank Checking Account Rates

Apy	Min	Max	Product
0.05%^†	$500	-	NOW
0.05%^†	$500	-	Business NOW

Amalgamated Bank Savings Account Rates

Apy	Min	Max	Product
1.00%^†	-	-	IRA Variable Rate
1.00%^†	-	-	Roth IRA Variable Rate
0.10%^†	-	-	Savings
0.10%^†	-	-	Business Savings

Amalgamated Bank Money Market Rates

Apy	Min	Max	Product
0.25%^†	$500	-	Business MMA Transaction Account
0.15%^†	$500	-	Money Market
0.15%^†	$500	-	Business Money Market

Amalgamated Bank CD Rates

Apy	Min	Max	Product
1.10%^†	$500	-	3 Year Bump Rate Promotional CD
1.00%^†	$500	$99k	5 Year USAVE Time Deposit
0.60%^†	$500	-	7 Month Promotional CD
0.40%^†	$500	$99k	3 Year USAVE Time Deposit
0.40%^†	$500	$99k	Business 3 Year USAVE Time Deposit
0.30%^†	$500	$99k	2 Year USAVE Time Deposit
0.30%^†	$500	$99k	Business 2 Year USAVE Time Deposit
0.25%^†	$500	$99k	1 Year USAVE Time Deposit
0.25%^†	$500	$99k	Business 1 Year USAVE Time Deposit
0.20%^†	$500	$99k	182-364 Day USAVE Time Deposit
0.20%^†	$500	$99k	Business 182-364 Day USAVE Time Deposit
0.15%^†	$500	$99k	91-181 Day USAVE Time Deposit
0.15%^†	$500	$99k	Business 91-181 Day USAVE Time Deposit
0.05%^†	$500	$99k	7-31 Day USAVE Time Deposit
0.05%^†	$500	$99k	32-90 Day USAVE Time Deposit
0.05%^†	$500	$99k	Business 7-31 Day USAVE Time Deposit
0.05%^†	$500	$99k	Business 32-90 Day USAVE Time Deposit

Amalgamated Bank IRA Rates

Apy	Min	Max	Product
1.25%^†	$500	-	3 Year IRA Fixed Rate
1.25%^†	$500	-	3 Year Roth IRA Fixed Rate
1.10%^†	$500	-	5 Year IRA Fixed Rate
1.10%^†	$500	-	5 Year Roth IRA Fixed Rate
1.00%	$500	-	13 Month IRA Promo CD
0.40%^†	$500	-	2 Year IRA Fixed Rate
0.40%^†	$500	-	2 Year Roth IRA Fixed Rate
0.35%^†	$500	-	1 Year IRA Fixed Rate
0.35%^†	$500	-	1 Year Roth IRA Fixed Rate

Rates updated: 2/9/2012

Data for Q3 2011

Institution Statistics

Amalgamated Bank
FDIC Certificate #	622
BankRate Report	View
Year Established	1923
Employees	446
Primary Regulator	FDIC
Assets and Liabilities
Assets	$4.37 billion
Loans	$2.10 billion
Deposits	$2.84 billion
Equity Capital	$242.66 million
Loan Loss Allowance	$36.58 million
Unbacked Noncurrent Loans	$102.92 million
Real Estate Owned	$1.56 million
Historic Data - September 2010
Assets	$4.50 billion
Equity Capital	$242.73 million
Loan Loss Allowance	$49.90 million
Unbacked Noncurrent Loans	$133.71 million
Real Estate Owned	$1.59 million
Profit Margin - Quarterly
Net Interest Margin	1.94%
Return on Assets	0.11%
Return on Equity	2.07%
Interest Income	$109.80 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Amalgamated Bank had $104.48 million in non-current loans and owned real-estate with $279.24 million in equity and loan loss allowances on hand to cover it. This gives Amalgamated Bank a Texas Ratio of 37.42% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Amalgamated Bank decreased slightly from 46.23% as of September 30, 2010 to 37.42% as of September 30, 2011, resulting in a positive change of 19.07%.This indicates that the balance sheet and financial strength for Amalgamated Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Amalgamated Bank has decreased its total deposits by -$7.56 million, resulting in -0.27% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Amalgamated Bank has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Amalgamated Bank has $4.37 billion in assets with $279.24 million in equity, resulting in a capitalization level of 6.39%, which is below average.