Amalgamated Bank
Amalgamated Bank is an American financial institution. It is the largest union-owned bank and one of the only unionized banks in the United States. Amalgamated Bank is currently majority-owned by Workers United, an SEIU Affiliate. It was founded on April 14, 1923, by the Amalgamated Clothing Workers of America.
- website: https://amalgamatedbank.com/
Cannabis Banking Services
States Served:
- Alaska; Alabama; Arkansas; Arizona; California; Colorado; Connecticut; Delaware; District of Columbia; Florida; Georgia; Hawaii; Iowa; Illinois; Indiana; Kentucky; Louisiana; Massachusetts; Maryland; Maine; Michigan; Minnesota; Missouri; Mississippi; Montana; North Dakota; New Hampshire; New Jersey; New Mexico; Nevada; New York; Ohio; Oklahoma; Oregon; Pennsylvania; Rhode Island; South Dakota; Tennessee; Texas; Utah; Virginia; Vermont; Washington; Wisconsin; West Virginia.
Official cannabis banking page: NA
Bank Health Rating
DepositAccounts.com Rating: link
- DepositAccounts considers several health grade components:
- Texas Ratio (measuring bank credit risk);
- Texas Ratio trend;
- Deposit growth;
- Capitalization (difference between bank assets and liabilities).