Amalgamated Bank New York New York

Amalgamated Bank, New York New York was founded in 1923.  They aren’t on the problem bank list, but this place has problems.

Assets are $4.2B with equity of $275MM.

The problem loan portfolio is $212MM.

Hold on, they have $212MM in problem loans, with $275MM and they aren’t on the problem bank list.  That is a problem.

This place is looking on the verge of insolvency.

Do you have money in this place?

This bank is an amalgamation of bad loans.

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