NAVCO’s Security Labors Pay Off The Challenge Established in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank continues the traditions of its founders as the only 100% union-owned bank in the United States. Chartered by New York State, Amalgamated Bank is an FDIC-insured commercial bank with $4.5 billion in assets. The bank’s corporate divisions also include Commercial Banking and Real Estate Finance. Through it

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