Corporate and social responsibility
Amalgamated Bank (“Amalgamated”) (Nasdaq: AMAL) today announced the pricing of its initial public offering of 6,718,729 shares of Class A common stock at a public offering price of $15.50 per share. The underwriters have also been granted a 30-day option to purchase up to an additional 1,007,809 shares of Class A common stock. All of the shares in the offering are to be sold by the selling stockholders. Amalgamated will not receive any proceeds from the offering.
Amalgamated Bank (“Amalgamated”) today announced the launch of its initial public offering of 6.7 million shares of Class A common stock. The initial public offering price is expected to be between $15.00 to $17.00 per share. The shares will be offered by certain selling stockholders. Amalgamated’s common stock is expected to trade on the Nasdaq Global Market under the ticker symbol “AMAL.”
“Corporate social responsibility.” “B Corp certified.” “ESG.” “Carbon neutral.” These are some of the buzzwords that companies use to talk about their impact on society. As America’s socially responsible bank, we use these words to describe our approach to doing business. But what does it really mean to be a socially responsible bank?
If you have a deposit account, loan or investment account with one of the mainstream banks, it’s entirely possible that you’re supporting the manufacture or distribution of guns without even realizing it.