News and Announcements

Community Involvement

For over 100 years, ABOC has strived to make a difference through the investment of time, resources, and support for the Chicagoland community and beyond. ABOC is grateful for the opportunity to help those in need while also providing state-of-the-art services and unmatched banking expertise. The Bank takes tremendous pride in working together to make a difference and will continue to build on our unwavering commitment to help provide necessities such as affordable housing and financial literacy while also working with partners to end homelessness, food insecurity, and fight against childhood poverty and violence in Cook and DuPage counties.

The Bank is proud to have numerous employees who serve on Chicagoland boards to help promote financial wellness and give back to the community. ABOC also reinvests through donations, loans, investments, and services and views community revitalization as a top priority. ABOC advertises in diverse community publications and creates quality products that are available to the entire community. Through the years, ABOC has worked with remarkable charitable organizations and has been inspired by the positive impact that the organizations are continuing to make. ABOC is also proud to help support businesses who have a lasting and innovative affect, including many of which that are minority and/or female-owned.

For the next 100 years, ABOC will continue to seek and provide support to transform the lives of those in need.

Community Partners

In recent years, ABOC has partnered with organizations to positively impact underserved and at-risk members of the community.

Some partners include:

  • Chicago Summer Business Institute
  • Cradles to Crayons
  • Chicago Youth Center
  • DuPage Pads
  • Greater Chicago Food Depository
  • Habitat for Humanity
  • Kids Off the Block
  • National Housing Services
  • Northern Illinois Food Bank
  • Rebuilding Together Aurora
  • RecruitMilitary
  • Sharing Connections
  • St. Sabina Catholic Charity
  • The Ark
  • The Illinois Department of Corrections
  • West County Youth Club

Media Partnerships

ABOC is excited to be partnering with WGN Radio as a sponsor for The Workers’ Mic, powered by the Midwest Coalition of Labor, the Voice of Working People. The Workers’ Mic airs every Sunday at 8:00 - 9:00 a.m. on WGN AM 720 and https://wgnradio.com/on-air/. Listen to our latest commercial below!

ABOC in the News

A NEW NAME, NEW LOOK AND NEW MISSION FOR AMALGAMATED BANK OF CHICAGO

AMALGAMATED BANK OF CHICAGO APPOINTS NICK WEAVER AS NEW PRESIDENT AND CHIEF OPERATING OFFICER

I'M A BANK TELLER: HERE ARE 10 MISTAKES YOU ARE MAKING WITH YOUR BANKING

CRAIN'S CHICAGO BUSINESS PEOPLE ON THE MOVE - NICK WEAVER

Financial Literacy Program

ABOC is also committed to helping Chicagoland working class families toward financial literacy. For over a century, the Bank has been dedicated to providing practical banking solutions and financial tools to build a solid understanding of key financial concepts such as mortgages, financing higher education, credit cards, credit scores, overdrafts, and much more.

Amalgamated Bank of Chicago customers can gain access to our Financial Learning Center, an interactive online educational money management program that explains these critical concepts in a series of 10-minute topic modules. There are helpful quizzes to demonstrate your newly acquired knowledge.

ABOC Financial Literacy Program

State of Illinois Community Reinvestment Notice

The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted to us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation once the Department completes our first evaluation. We will update this notice when our first evaluation has been issued. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.

We are committed to supporting vulnerable members of the Chicagoland community. For more information about how ABOC can support your cause, click here to learn more:

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Excellent Rating by Bauer Financial

BauerFinancial, Inc. is a source for completely independent, unbiased bank and credit union analysis. Founded in 1983, BauerFinancial is regarded as a reputable source by federal and state regulators as well as retail consumers.

The BauerFinancial star rating reflects the results of thorough analysis of quarterly financial reporting required by the federal government for all financial institutions.

BauerFinancial star ratings classify each institution based upon a complex formula factoring in current and historical data. The first level of evaluation is the capital level of the institution followed by other relevant data including, but not limited, to: profitability, historical trends, loan delinquencies, repossessed assets, reserves, regulatory compliance, proposed regulations and asset quality. Negative trends are projected forward to compensate for the lag time in the data. BauerFinancial employs conservative measures when assigning these ratings and consequently the analysis may reflect a lower rating than those supplied by other analysts or the institutions themselves.


Bauer Financial 4Q 2023

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