Amalgamated Financial Corp. - Common Stock (AMAL)
Competitors to Amalgamated Financial Corp. - Common Stock (AMAL)
Bank of the West
Bank of the West competes with Amalgamated Financial Corp. primarily through its extensive branch network and a wide range of traditional banking services. While Amalgamated focuses on values-based banking and socially responsible investments, Bank of the West leverages its larger scale and resources to offer competitive interest rates and customer service. However, Amalgamated's unique position as a socially conscious bank gives it an edge in attracting customers who prioritize ethical banking practices.
Citizens Financial Group CFG +1.53%
Citizens Financial Group offers a diverse range of financial products, making it a direct competitor to Amalgamated Financial Corp. in both retail and commercial banking. Citizens has a larger footprint and more resources, allowing it to invest heavily in technology and customer experience improvements. However, Amalgamated's commitment to social and environmental responsibility creates a strong appeal to specific customer segments who prefer banking institutions that reflect their values, allowing Amalgamated to carve out its competitive niche.
M&T Bank MTB -0.49%
M&T Bank competes with Amalgamated Financial Corp. by offering a full suite of commercial and personal banking services, along with a strong focus on community engagement. M&T Bank's established brand and significant asset base enable it to leverage economies of scale, providing a competitive advantage in pricing and product offerings. In contrast, Amalgamated differentiates itself with a focus on social responsibility and dedicated customer service, thus appealing to a niche market that values ethical banking.
Popular, Inc. BPOP +0.32%
Popular, Inc. competes with Amalgamated Financial Corp. primarily in the retail banking sector, focusing heavily on Hispanic markets. Their extensive range of services and broad geographic reach presents a strong competitive advantage. However, Amalgamated's commitment to progressive social values and community support allows it to connect deeply with its clientele, making it a strong competitor in its own right, particularly among customers seeking a bank that aligns with their personal values.
TriState Capital Holdings
TriState Capital Holdings operates in a similar banking space as Amalgamated Financial Corp., focusing on commercial and private banking services. While both firms cater to higher-end clients, TriState has a strong emphasis on investment and wealth management services, giving it an edge in attracting affluent customers. In contrast, Amalgamated's focus on ethical and community-centered banking resonates more with socially conscious consumers, allowing it to maintain a loyal customer base despite its smaller size.