Amalgamated Bank
Encyclopedia
Amalgamated Bank is a national bank owned by the Workers United
/SEIU labor union. It was founded by the Amalgamated Clothing Workers of America
in 1923. It is headquartered in New York City
.
Amalgamated Bank is the only bank in the United States wholly owned by a labor union. It is chiefly located in New York City, but with branches in California
, the District of Columbia, Nevada
, and New Jersey
.
The Amalgamated Bank of New York was founded in 1923 by the Amalgamated Clothing Workers of America (which later became the Amalgamated Textile and Clothing Workers Union, and, still later, the Union of Needletrades, Industrial and Textile Employees
-UNITE). Amalgamated Bank was originally located on East 14th Street
in Manhattan
but took a lease in 1925 on the five-story Tiffany Building adjoining Union Square
. Still in Manhattan, but in a different neighborhood, the bank's headquarters now sits at 275 7th Avenue
in Chelsea
.
Amalgamated Bank of New York was one of 36 union-backed banks founded in the United States during the 1920s (22 in the first four years of the decade alone).
Workers United
Workers United is an American and Canadian union which represents about 100,000 workers in the textile, commercial laundry, and gaming industries....
/SEIU labor union. It was founded by the Amalgamated Clothing Workers of America
Amalgamated Clothing Workers of America
The Amalgamated Clothing Workers of America was a United States labor union known for its support for "social unionism" and progressive political causes. Led by Sidney Hillman for its first thirty years, it helped found the Congress of Industrial Organizations...
in 1923. It is headquartered in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
Amalgamated Bank is the only bank in the United States wholly owned by a labor union. It is chiefly located in New York City, but with branches in California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, the District of Columbia, Nevada
Nevada
Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
, and New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
.
The Amalgamated Bank of New York was founded in 1923 by the Amalgamated Clothing Workers of America (which later became the Amalgamated Textile and Clothing Workers Union, and, still later, the Union of Needletrades, Industrial and Textile Employees
Union of Needletrades, Industrial and Textile Employees
The Union of Needle trades, Industrial, and Textile Employees was a labor union in the United States, formed in 1995 as a merger between the International Ladies' Garment Workers' Union and the Amalgamated Clothing and Textile Workers Union...
-UNITE). Amalgamated Bank was originally located on East 14th Street
14th Street (Manhattan)
14th Street is a major crosstown street in the New York City borough of Manhattan. The street rivals the size of some of the well-known avenues of the city and is an important business location....
in Manhattan
Manhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...
but took a lease in 1925 on the five-story Tiffany Building adjoining Union Square
Union Square (New York City)
Union Square is a public square in the Manhattan borough of New York City, New York.It is an important and historic intersection, located where Broadway and the former Bowery Road – now Fourth Avenue – came together in the early 19th century; its name celebrates neither the...
. Still in Manhattan, but in a different neighborhood, the bank's headquarters now sits at 275 7th Avenue
Seventh Avenue (Manhattan)
Seventh Avenue, known as Adam Clayton Powell Jr. Boulevard north of Central Park, is a thoroughfare on the West Side of the borough of Manhattan in New York City. It is southbound below Central Park and a two-way street north of the park....
in Chelsea
Chelsea, Manhattan
Chelsea is a neighborhood on the West Side of the borough of Manhattan in New York City. The district's boundaries are roughly 14th Street to the south, 30th Street to the north, the western boundary of the Ladies' Mile Historic District – which lies between the Avenue of the Americas and...
.
Amalgamated Bank of New York was one of 36 union-backed banks founded in the United States during the 1920s (22 in the first four years of the decade alone).
See also
- UNITE HEREUNITE HEREUNITE HERE is a labor union in the United States and Canada with more than 265,000 active members The union's members work predominantly in the hotel, food service, laundry, warehouse, and casino gaming industries...
, an American and Canadian union - Workers UnitedWorkers UnitedWorkers United is an American and Canadian union which represents about 100,000 workers in the textile, commercial laundry, and gaming industries....
, an American and Canadian union