The Amalgamated Bank.The Amalgamated a·mal·ga·mate v. a·mal·ga·mat·ed, a·mal·ga·mat·ing, a·mal·ga·mates v.tr. 1. To combine into a unified or integrated whole; unite. See Synonyms at mix. 2. Bank has named Derrick Cephas president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , He is the first African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. to lead the company, which has more than $4 billion in assets and is the last remaining bank owned by a labor union. "We want to deal with that sector of the population that does not have a banking relationship," says Cephas, The 82-year-old institution, based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , will now target union members, nonprofits, and small businesses by offering banking products and launching a financial literacy program. |
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