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Amalgamated Bank Announces $15 million Loan for Decarbonization and Climate Resilience Initiatives

Globe Newswire - Thu Aug 11, 2022

NEW YORK, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social and environmental change, announced today a $15 million loan to Inclusive Prosperity Capital, Inc. (IPC), a clean energy finance 501(c)3 platform, making new capital available to fund climate initiatives benefiting underserved market segments and communities. This investment adds to Amalgamated’s community development strategy of partnering with community development financial institutions and other impact focused intermediaries as well as stakeholders like the Kresge Foundation for the technical expertise and credit enhancement needed to deliver impact capital for climate solutions.

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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