Amalgamated Bank

Amalgamated Financial Corp. Reports First Quarter 2024 Financial Results; Stellar Deposit Growth; Net Interest Margin Rises to 3.49%

Retrieved on: 
Thursday, April 25, 2024
Common equity, Sale, Total, Investment, Capital, ICS, AMAL, One-Way (novel), Earnings call, Tax, PACE, CECL, Optimism, Eastern Time Zone, Share repurchase, Amalgamated Bank, PACS, GAAP, Bank

Net interest income was $68.0 million for the first quarter of 2024, compared to $67.3 million for the fourth quarter of 2023.

Key Points: 
  • Net interest income was $68.0 million for the first quarter of 2024, compared to $67.3 million for the fourth quarter of 2023.
  • Net interest margin was 3.49% for the first quarter of 2024, an increase of 5 basis points from 3.44% in the fourth quarter of 2023.
  • Prepayment penalties had no impact on our net interest margin in the first quarter of 2024, which is the same as in the prior quarter.
  • As previously announced, Amalgamated Financial Corp. will host a conference call to discuss its first quarter 2024 results today, April 25, 2024 at 11:00am (Eastern Time).

NSSF Praises Georgia Gov. Brian Kemp for Signing Second Amendment Privacy Act

Retrieved on: 
Thursday, April 25, 2024
The New York Times, Merchant category code, Congress, Left, Financial Crimes Enforcement Network, Fear, Seizure, General counsel, Fourth, Treasury, NSSF, Georgia (U.S. state), ISO, House, Senate, Privacy, Constitutional right, Firearm, Legislation, Louisiana House of Representatives, Democratic National Committee, Fourth Amendment, Representative, Lieutenant, MCC, Second, International Organization (journal), Amalgamated Bank, Government, Letter

Brian Kemp for signing into law HB 1018 , the Second Amendment Privacy Act.

Key Points: 
  • Brian Kemp for signing into law HB 1018 , the Second Amendment Privacy Act.
  • This NSSF-supported law protects the privacy and sensitive financial information of people purchasing firearms and ammunition in The Peach State.
  • With Georgia, there are now 14 states with laws that protect the Second Amendment financial privacy of their citizens.
  • "Governor Brian Kemp's signature on the Second Amendment Privacy Act is yet another example of his firm commitment to protecting the Second Amendment rights of all Georgians.

NSSF Commends Tennessee Gov. Bill Lee for Signing Second Amendment Privacy Act

Retrieved on: 
Wednesday, April 24, 2024
The New York Times, Merchant category code, Congress, Left, Financial Crimes Enforcement Network, Fear, Seizure, General counsel, Fourth, Treasury, NSSF, Volunteer State, ISO, House, Firearm, Senate, Privacy, Exercise, Legislation, Louisiana House of Representatives, Democratic National Committee, Fourth Amendment, Representative, MCC, Second, International Organization (journal), Amalgamated Bank, Government, Letter

Bill Lee for signing into law SB 2223 , the Second Amendment Privacy Act.

Key Points: 
  • Bill Lee for signing into law SB 2223 , the Second Amendment Privacy Act.
  • This NSSF-supported law protects the privacy and sensitive financial information of people purchasing firearms and ammunition in The Volunteer State.
  • With Tennessee, there are now 13 states with laws that protect the Second Amendment financial privacy of their citizens.
  • U.S. Sen. Bill Hagerty (R-Tenn.) introduced S. 4075 , the NSSF-supported Protecting Privacy in Purchases Act in the Senate.

NSSF PRAISES IOWA'S GOV. KIM REYNOLDS FOR SIGNING OF SECOND AMENDMENT PRIVACY ACT

Retrieved on: 
Tuesday, April 23, 2024
The New York Times, Merchant category code, Congress, Left, Financial Crimes Enforcement Network, Fear, Seizure, General counsel, Fourth, Treasury, NSSF, ISO, House, Privacy, Exercise, Firearm, Legislation, Louisiana House of Representatives, Democratic National Committee, Fourth Amendment, Representative, MCC, Second, International Organization (journal), Amalgamated Bank, Government, Registry, Letter

Kim Reynolds for signing into law House File 2464 , informally called the Second Amendment Privacy Act.

Key Points: 
  • Kim Reynolds for signing into law House File 2464 , informally called the Second Amendment Privacy Act.
  • This NSSF-supported law protects the privacy and sensitive financial information of people purchasing firearms and ammunition in Iowa.
  • With Iowa, there are now a dozen states with laws that protect the Second Amendment financial privacy of their citizens.
  • "Governor Kim Reynolds' signature on the Second Amendment Privacy Act underscores the state lawmakers' commitment to ensuring that Iowans are free to exercise their Second Amendment rights without concern of 'woke' Wall Street banks collecting private financial information to create shadow gun registries," said Lawrence G. Keane, NSSF Senior Vice President & General Counsel.

NewtekOne, Inc. Hires Taylor Quinn as Chief Risk Officer

Retrieved on: 
Monday, April 1, 2024
Certified Public Accountant, KPMG, Risk management, Growth, Business, Risk, Business school, Amalgamated Bank, Senior, BOCA, Amalgamation, KPMG LLP, NEWT, Management

BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has hired Mr. Taylor Quinn as Senior Vice President, Chief Risk Officer for NewtekOne and Newtek Bank, N.A., effective today.

Key Points: 
  • BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has hired Mr. Taylor Quinn as Senior Vice President, Chief Risk Officer for NewtekOne and Newtek Bank, N.A., effective today.
  • Further, Taylor developed and integrated audit and risk management frameworks across the enterprise through deployment of technology.
  • Prior to Amalgamated Bank, Taylor worked at KPMG LLP as Audit Senior Manager in banking and capital markets where he worked with the audit, risk and regulatory functions.
  • Barry Sloane, Chairman, President and Chief Executive Officer commented, “We are thrilled to announce Taylor Quinn joining the senior management team at NewtekOne and Newtek Bank as Chief Risk Officer.

NSSF CELEBRATES KENTUCKY SECOND AMENDMENT PRIVACY ACT PASSING INTO LAW

Retrieved on: 
Thursday, March 28, 2024
Firearm, International Organization (journal), Merchant category code, Congress, General counsel, Second, Letter, Democratic National Committee, Seizure, Fourth Amendment, Left, MCC, Amalgamated Bank, Financial Crimes Enforcement Network, Fourth, House, Privacy, The New York Times, General assembly, Louisiana House of Representatives, Treasury, ISO, NSSF, Government, Representative, Legislation, Commonwealth, Fear

WASHINGTON, March 28, 2024 /PRNewswire/ -- NSSF®, The Firearm Industry Trade Association, celebrates Kentucky House Bill 357, informally called the Second Amendment Privacy Act, passing into law.

Key Points: 
  • WASHINGTON, March 28, 2024 /PRNewswire/ -- NSSF®, The Firearm Industry Trade Association, celebrates Kentucky House Bill 357, informally called the Second Amendment Privacy Act, passing into law.
  • This NSSF-supported law protects the privacy and sensitive financial information of people purchasing firearms and ammunition in Kentucky.
  • Additionally, the law prohibits keeping or causing to be kept any list, record or registry of private firearm ownership.
  • The law was sponsored by Kentucky state Reps. Derek Lewis and Michael Meredith, as well as state Sen. Jason Howell.

NSSF PRAISES WYOMING GOV. MARK GORDON FOR PROTECTING SECOND AMENDMENT PRIVACY

Retrieved on: 
Monday, March 25, 2024
Firearm, International Organization (journal), Congress, Government, General counsel, Hitachi HD44780 LCD controller, Second, Exercise, Letter, Democratic National Committee, Seizure, Fourth Amendment, Left, MCC, Amalgamated Bank, Financial Crimes Enforcement Network, Fourth, House, The New York Times, Privacy, Louisiana House of Representatives, Treasury, ISO, NSSF, Senate, Representative, Legislation, Fear

Mark Gordon for signing the NSSF-supported Second Amendment Financial Privacy Act, Senate File 105 .

Key Points: 
  • Mark Gordon for signing the NSSF-supported Second Amendment Financial Privacy Act, Senate File 105 .
  • This law protects the privacy and sensitive financial information of people purchasing firearms, firearm parts and ammunition in Wyoming.
  • "NSSF thanks Governor Gordon for signing the Second Amendment Financial Privacy Act to protect the rights and privacy of Wyoming citizens.
  • Wyoming joins Indiana, Utah, Florida, Idaho, Mississippi, Montana, North Dakota, Texas and West Virginia with laws protecting citizens' Second Amendment privacy.

UTAH GOVERNOR COX SIGNS SECOND AMENDMENT PRIVACY LAW

Retrieved on: 
Thursday, March 21, 2024
Firearm, International Organization (journal), Merchant category code, Congress, Letter, General counsel, The New York Times, Federation, Seizure, Fourth Amendment, HB, Sale, Fear, Left, MCC, Amalgamated Bank, Privacy, House, Financial Crimes Enforcement Network, Fourth, Louisiana House of Representatives, Treasury, ISO, NSSF, Government, Representative, Legislation, Democratic National Committee, Corporation

NSSF worked closely with legislators in Utah to introduce legislation that would protect private and legal purchases from exploitation.

Key Points: 
  • NSSF worked closely with legislators in Utah to introduce legislation that would protect private and legal purchases from exploitation.
  • "Corporate banks and the federal government have already proven they will run roughshod over Second Amendment and Privacy rights.
  • "NSSF thanks Governor Cox for his leadership in signing this important legislation into law that will protect the rights of the citizens in Utah.
  • Utah joins Indiana, Florida, Idaho, Mississippi, Montana, North Dakota, Texas and West Virginia with laws protecting citizens' Second Amendment privacy.

INDIANA GOVERNOR HOLCOMB SIGNS SECOND AMENDMENT PRIVACY LAW

Retrieved on: 
Thursday, March 21, 2024
Firearm, International Organization (journal), Merchant category code, Congress, Letter, General counsel, The New York Times, Federation, Seizure, Fourth Amendment, Sale, Fear, Left, MCC, Amalgamated Bank, Privacy, House, Financial Crimes Enforcement Network, Fourth, Louisiana House of Representatives, Legislation, Treasury, ISO, NSSF, Government, Representative, Democratic National Committee, Corporation

Eric Holcomb for signing House Bill 1084 into law, the NSSF-supported Second Amendment Privacy Act.

Key Points: 
  • Eric Holcomb for signing House Bill 1084 into law, the NSSF-supported Second Amendment Privacy Act.
  • "Corporate banks and the federal government have already proven they will run roughshod over Second Amendment and Privacy rights.
  • "NSSF thanks Governor Holcomb for his leadership in signing this important legislation into law that will protect the rights of the citizens in Indiana.
  • Indiana joins Utah, Florida, Idaho, Mississippi, Montana, North Dakota, Texas and West Virginia with laws protecting citizens' Second Amendment privacy.

Amalgamated Financial Corp. Reports Fourth Quarter 2023 Financial Results: $170.8 Million Deposit Growth Excluding Brokered CDs; Net Interest Margin Rises to 3.44%

Retrieved on: 
Thursday, January 25, 2024
Income tax, Amalgamation, AMAL, PACE, CECL, Total, Amalgamated Bank, Share repurchase, Earnings call, Sale, GAAP, Common equity, PACS, Capital, Eastern Time Zone, Bank

Net interest income was $67.3 million for the fourth quarter of 2023, compared to $63.7 million for the third quarter of 2023.

Key Points: 
  • Net interest income was $67.3 million for the fourth quarter of 2023, compared to $63.7 million for the third quarter of 2023.
  • Net interest margin was 3.44% for the fourth quarter of 2023, an increase of 15 basis points from 3.29% in the third quarter of 2023.
  • Core non-interest income1 was $8.5 million for the fourth quarter of 2023, compared to $7.8 million in the third quarter of 2023.
  • Core non-interest expense1 for the fourth quarter of 2023 was $37.7 million, an increase of $0.7 million from the third quarter of 2023.