Amalgamated Bank Names Daniel A. Greene Director of its Commercial Banking Division

NEW YORK, Jan. 13, 2011 /PRNewswire/ -- Amalgamated Bank announced today that it has appointed Daniel A. Greene, a veteran banker with extensive experience in the New York area market, to the position of Executive Vice President and Director of its Commercial Banking Division.

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Amalgamated Bank's Commercial Banking Division – which includes Middle Market Banking, Treasury Management Services, and Amalgamated Business Credit, the bank's asset-based financing unit – offers a broad range of credit products and depository services tailored to meet the needs of its clients. Located at 275 Seventh Avenue in Manhattan, the Commercial Banking Division serves organizations in the New York Metro area as well as in Washington, D.C., Las Vegas, Nevada, and Pasadena, California.

"Dan Greene was selected to head our Commercial Banking Division because he is an experienced and highly innovative leader who knows how to achieve growth objectives," said Derrick D. Cephas, Amalgamated's President and Chief Executive Officer, in making the announcement.  "In addition to continuing to grow Amalgamated's commercial banking relationships, Dan's Division will play a leadership role in marketing the Bank's broad base of capabilities in traditional and asset-based lending as well as our extensive array of Treasury Management products that enable clients to manage their cash flow more profitably and efficiently."

Mr. Greene, who will report directly to Mr. Cephas, has worked with top-tier commercial banks and financial services companies in the New York metropolitan area. His initial mission will be to expand the Bank's base of middle market customers.  In addition, Mr. Greene, who is a skilled team builder, intends to increase the number of banking professionals in his Division by adding experienced loan originators, relationship managers, and underwriters.  

Immediately before joining Amalgamated Bank, Mr. Greene served as a Senior Vice President/Division Manager for JP Morgan Chase Bank in Melville, N.Y., where he was responsible for portfolio management and business development activities in Queens and Nassau Counties.  While in that position, he organized and directed various initiatives aimed at growing incremental revenue through increased share of wallet with existing customers and the addition of new banking relationships.

From 2003 to 2007, he was a Senior Vice President with GE Commercial Finance and served in that firm's Corporate Lending Group. Mr. Greene was selected to participate in a GE Commercial Finance initiative designed to identify highly valued relationships within the existing GE Commercial Finance portfolio and formulate individual client development strategies aimed at additional revenue generation and customer retention.

Also, from 2000 to 2003, he headed up Fleet Bank's New York based Middle Market Banking/Apparel & Related Textiles Group. He started his banking career with the Middle Market Banking Group at Chemical Bank in New York City.

Mr. Greene serves as Vice Chairman of the Board of Directors of the Greater Jamaica Development Corp., a Queens, New York-based not-for-profit, local development organization founded in 1967 by local business, civic, and community leaders.  He is a graduate of Adelphi University with a Bachelor of Business Administration degree.

About Amalgamated Bank  

Established in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank continues the progressive traditions of its founders as the only 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 include Commercial Banking, Commercial Real Estate Finance, Amalgamated Capital™, and Amalgamated Business Credit, which as part of the Commercial Banking Division provides asset-based financing.

Amalgamated Bank is also one of the leading providers of investment and custody services to Taft-Hartley plans in the United States. Amalgamated's Institutional Asset Management & Custody Division serves over 850 public sector and Taft-Hartley clients, manages over 1,100 accounts and has over $11.45 billion in assets under management and $18.75 billion in assets under custody. In the area of corporate governance, the Division is a recognized leader in shareholder activism.

Amalgamated has 26 retail branches including 19 in New York City as well as branches in: Las Vegas, Nevada; Lyndhurst, New Jersey; Pasadena, California, and Washington, D.C. The Bank's website is www.amalgamatedbank.com.

SOURCE Amalgamated Bank