Merged Bank Appoints Ivan Frishberg Chief Sustainability Officer

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NEW YORK, Oct. 22, 2021 (GLOBE NEWSWIRE) – Amalgamated Bank (“Amalgamated”), a wholly owned subsidiary of Amalgamated Financial (the “Company”) (Nasdaq: AMAL) announced today that Ivan Frishberg has been appointed Senior Vice President and Chief Sustainability Officer, and will be part of Bank Leadership effective October 22, 2021.

“Ivan was instrumental in creating our sustainability framework and I look forward to partnering with such a passionate expert to develop innovative solutions that reinforce our commitment to sustainability as a socially responsible bank of states. -United, ”said Priscilla Sims Brown. “Focusing Ivan’s leadership and expertise on the sustainability of our products, operations and organizational footprint will allow Amalgamated to stay ahead and set new standards for the industry. “

Ivan Frishberg has been with Amalgamated since 2016, most often as Senior Vice President, Commercial Banking, heading the Sustainable Banking division. With over 20 years of public interest advocacy, organizing and policy experience, he has used this role to rally the banking sector‘s commitments to tackle climate change, including carrying the Partnership for Carbon Financial Accounting (PCAF) with $ 50 trillion in assets, committed to the measurement and disclosure of financed emissions. Mr. Frishberg positioned Amalgamated to take a global leadership role within (UNEP FI) and supported the development of guidelines on how banks will set targets to reduce their emissions financed through the Recently launched Net Zero Banking Alliance. Mr. Frishberg serves on the NZBA Steering Committee and the Glasgow Finance Alliance Advisory Board for Net Zero.

Previously, he was Senior Advisor and Campaign Manager on Climate Change for the Organization for Action, and Senior Advisor for the Climate Action Campaign, a multi-year national coalition effort to advocate for the Clean Air Act supporting the new policies. federal authorities on climate and public health. Mr. Frishberg has managed large public engagement grant programs for Pew Charitable Trusts and has served as policy director for Environment America and Clean Energy Works. Mr. Frishberg has also worked with the Climate Briefing Service on the intersection of US climate advocacy and recent international climate negotiations.

About Amalgamated Financial Corp.

Amalgamated Financial Corp. is a Delaware public benefit corporation and banking holding company specializing in commercial banking and financial services through its wholly owned subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based full-service commercial bank and chartered trust company with a combined network of six branches in New York, Washington DC, San Francisco and Boston. Amalgamated Bank was founded in 1923 as the Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the oldest unions in the country. La Banque Amalgamée provides nationwide commercial and fiduciary banking services and offers a full range of products and services to commercial and retail clients. La Banque Amalgamée is proud to be a member of the Global Alliance for Banking on Values ​​and is a certified B Corporation®. As of June 30, 2021, our total assets were $ 6.6 billion, total net lending was $ 3.1 billion, and total deposits were $ 5.9 billion. In addition, as at June 30, 2021, our fiduciary businesses held $ 39.2 billion in assets in custody and $ 16.6 billion in assets under management.

Investor contact: Jamie LillisSolebury [email protected] 800-895-4172

Source: Amalgamated Financial Corp.

Source: Amalgamated Financial Corp.