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Amalgamated Financial Corp. Reports First Quarter 2021 Financial Results
Amalgamated Financial Corp.April 22, 2021 GMT
NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financial results for the first quarter ended March 31, 2021.
On March 1, 2021 (the “Effective Date”), the Company acquired all of the outstanding stock of the Bank in a statutory share exchange transaction (the “Reorganization”) effected under New York law and in accordance with the terms of a Plan of Acquisition dated September 4, 2020. In this release, unless the context indicates otherwise, references to “we,” “us,” and “our” refer to the Company and the Bank. However, if the discussion relates to a period before the Effective Date, the terms r
The bank’s new holding company, Amalgamated Financial Group, is the first publicly traded financial services company to become a public benefit corporation. It says the legal designation will help officers and directors balance the interests of shareholders and the public.
James Weldon Johnson (1876–1938), who wrote “Lift Ev’ry Voice” with his brother, composer J. Rosamond Johnson, was a poet, novelist, Broadway lyricist, civil rights activist, and diplomat. Johnson expressed a diverse range of views about different subjects, including the affinities between African-Americans and Jews.
As Leonard Dinnerstein’s “Antisemitism in America” notes, in a 1918 essay published in The New York Age, an African American newspaper, Johnson wrote of “the two million Jews [who] have a controlling interest in the finances of the nation.” Yet he nevertheless urged fellow blacks to “draw encouragement and hope from the experiences of modern Jews.”
In Memoriam: Phillip I. Blumberg, Former UConn School of Law Dean
Blumberg was a transformational leader, orchestrating the law school s move to its present campus and recruiting top faculty members.
Phillip I. Blumberg, dean of the UConn School of Law from 1974 to 1984, at his desk in 2004. He taught for several years after he stepped down and continued to write into his 90s. (UConn Photo) Copy Link
Phillip I. Blumberg, the former Wall Street lawyer whose vision and leadership transformed the campus, faculty, and reputation of the University of Connecticut School of Law during his 10 years as dean, died Feb. 14, 2021, at the age of 101.