Amalgamated Bank

275 Seventh Avenue
New York, NY 10001

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 622
Date Established 1923
Assets $4.17 billion
Loans $2.73 billion
Deposits $3.10 billion
Capital $0.35 billion

Amalgamated Bank is an FDIC insured institution located in New York, NY. It was founded in 1923 and has approximately $4.17 billion in assets. Customers can open an account at one of its 17 branches.

For a more detailed analysis of Amalgamated Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Amalgamated Bank’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in New York, Amalgamated Bank has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.07
Multifamily
Mortgages
32.16
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.12
Construction and Development Loans 0.31
Commercial Real Estate 14.14
Commercial and Industrial Loans 23.96
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.50% $500 - Learn MoreShow Less
6 Mo CD 10K
0.60% $500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Amalgamated Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Amalgamated Bank Locations

Financial Details

Amalgamated Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Amalgamated Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Amalgamated Bank U.S. Bank Average
12.29% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Amalgamated Bank had $45,265,000 in non-current loans and $2,259,000 in owned real estate. To cover these potential losses it had $346,525,000 in equity and $40,167,000 in loans loss reserves. That gives it a Texas Ratio of 12.29%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Amalgamated Bank U.S. Bank Average
3.69% 8.58

Amalgamated Bank has a Return on Equity of 3.69% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Amalgamated Bank U.S. Bank Average
8.31% 12.11

Amalgamated Bank has a Capitalization of 8.31% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Amalgamated Bank Balance Sheet Analysis

As of June 30, 2017, Amalgamated Bank had assets of $4,172,296,000, loans of $2,729,522,000, and deposits of $3,101,762,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Amalgamated Bank

Branches and Savings

Is Amalgamated Bank FDIC insured?

Yes. It is covered under FDIC Certificate #622.

Why does Amalgamated Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Amalgamated Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Amalgamated Bank a commercial bank?

Yes

Where are Amalgamated Bank locations?

See branch locations nearby.

Is Amalgamated Bank open on Saturdays?

Is Amalgamated Bank open on Sundays?

What time does Amalgamated Bank open?

What time does Amalgamated Bank close?

Are Amalgamated Bank ATMs Open 24/7?

Do Amalgamated Bank ATMs accept cash deposits?

Can Amalgamated Bank customers use other ATMs?

Do Amalgamated Bank branches have notaries?

Will Amalgamated Bank notarize my document?

What address for Amalgamated Bank should I put for incoming ACH transfers?

Will the Amalgamated Bank branch print checks?

Do Amalgamated Bank checks expire?

Does Amalgamated Bank require US citizenship to open account?

Can Amalgamated Bank close my account?

Does Amalgamated Bank Report to credit bureaus?

Does Amalgamated Bank Use Equifax?

What is Amalgamated Bank's ACH Routing Number?

What is Amalgamated Bank's SWIFT code?

Products

Does Amalgamated Bank offer mortgages?

Compare mortgage rates here.

Does Amalgamated Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Amalgamated Bank offer personal loans?

Compare personal loan rates here.

Does Amalgamated Bank offer student loans?

Will Amalgamated Bank cash a check?

Will Amalgamated Bank redeem a savings bond?

Does Amalgamated Bank cash savings bonds?

Will Amalgamated Bank cash money orders?

Can Amalgamated Bank issue a money order?

Does Amalgamated Bank do currency exchange?

Background on The Bank

Who owns Amalgamated Bank?

How long has Amalgamated Bank been around?

Can Amalgamated Bank transfer to other banks?

Does Amalgamated Bank have quick pay?

Does Amalgamated Bank accept rolled coins?

Will Amalgamated Bank accept loose change?

Where is Amalgamated Bank headquarters?

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