Who-We-Are

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Who We Are

We Know. You need more than a bank. You need a banker.

Amalgamated Bank of Chicago is a full-service bank built on relationships.

We Know Relationships.

For nearly 100 years, we have fostered deep ties to our customers and our community, serving the banking needs of countless businesses, organizations, institutions and individuals, many for multiple generations. These relationships are based on profound trust, in-depth understanding and highly personal and responsive service provided by our experienced bankers.

We Know Banking.

Amalgamated Bank of Chicago is your trusted banking partner. We meet a wide variety of commercial and consumer banking needs with a full range of products and services - including loans, checking and savings accounts, credit cards, cash management and trust services.

We Know You.

Our solutions are rarely “off-the-shelf.” Based on your individual needs, Amalgamated Bank of Chicago will tailor make a solution that’s right for you. From major metropolitan cultural institutions to “Mom-and-Pop” shops, and everything in between, we meet the needs of corporate and institutional trust clients, government entities, commercial and real estate lending customers, unions and their members, and small- to medium-size businesses.

We Know Unions.

Founded in 1922 by the Amalgamated Clothing Workers Union (now known as Workers United), Amalgamated Bank of Chicago has always been dedicated to serving America's working people. With significant union ownership, we remain one of only a handful of U.S. banks devoted to the labor community.

We Know Our Employees.

Amalgamated Bank of Chicago takes tremendous pride in being a great place to work. We value the contributions our employees bring to the table every day. We work hard to nurture and maintain a mutually respectful, diverse culture that fosters teamwork and a commitment to exceptional customer service.

We Know Our Community.

Amalgamated Bank of Chicago has worked hand-in-hand with community organizations to bring financial literacy to the community through an interactive educational money management program.

Celebrating Our History

1922 Amalgamated Bank of Chicago (ABOC) is founded by the Amalgamated Clothing Workers Union to serve the financial needs of working people.

1930s ABOC is proof that a financial institution founded upon a strong socially conscious business philosophy can thrive in its community. The Bank remains stable even during the throes of the Great Depression.

1940s During World War II, ABOC grants credit for companies producing for the war effort and performs other wartime functions, including selling more than $7 million in war bonds, and extending loans to returning veterans seeking to buy homes or businesses.

1950s Bank president William C. Reimbold secures a special position for the Bank in the Federal Reserve System, freeing up capital for the Bank’s clientele.

1960s Mayor Richard J. Daley attends the ribbon-cutting for the Bank’s expansion at 111 S. Dearborn Street to house the personal, auto and household improvement loan departments, as well as a night depository.

1969 The Bank supports the Chicago Federation of Labor and Industrial Union Council in its boycott of California grapes, promoting fair working rights for American farm workers.

1971 ABOC purchases and moves to One West Monroe in the heart of Chicago’s Loop.

1989 The Illinois Amalgamated Bank Labor Council is established to assist the Bank in developing ideas and exchanging information to improve the Bank's services to the labor community.

1996 AmalgaTrust, a division of ABOC, establishes a customized labor-friendly proxy voting program.

1997 ABOC receives the "Corporation of the Year Award" from the Coalition for United Community Action/O.R.T.C., Inc., for its outstanding support of minority and female entrepreneurs, strong commitment to the labor movement and leadership within the Chicago financial community.

2002 The Indiana Amalgamated Bank Labor Council is formed.

2003 ABOC expands on its pledge to be “labor's bank,” welcoming 12 labor organizations as significant investors.

2004 The Amalgamated Bank Labor Advisory Committee of St. Louis is formed.

2007 The Bank establishes a branch office at 28600 Bella Vista Parkway in Warrenville, Illinois to service a growing union and corporate presence in DuPage County.

2007 The Illinois/Metropolitan Chapter of the Amalgamated Bank Labor Council is established.

2015 The Bank sells its State Street Headquarters and moves to 30 N. LaSalle, the heart of Chicago’s financial district. As part of the move, the Bank unveils a new logo, website and mobile banking app.

Financial Literacy

Financial Literacy

Let our Financial Learning Center help you meet each financial stage of your life with knowledge and confidence.

Explore various financial literacy resources.

 

Board of Directors

Meet our dedicated board members.

 

Bank Leadership

Get to know our executive leaders.