David Knopp Named President of Amalgamated Bank of Chicago

CHICAGO, Dec. 17, 2013 /PRNewswire/ -- Amalgamated Bank of Chicago announced today that David E. Knopp, 59, has been named President of the Bank, assuming the title from Robert M. Wrobel, who continues as Chairman and Chief Executive Officer. Knopp had been Senior Executive Vice President and Chief Operating Officer of Amalgamated. He will retain his role as Chief Operating Officer.

"This promotion is well deserved recognition for Dave's leadership and management of our lending, trust and retail banking functions. I look forward to continuing to work with him and the rest of our Amalgamated colleagues to serve our ever growing base of clients in the months and years ahead," said Wrobel.

A thirty-five year banking veteran, Knopp joined Amalgamated in 1992, after serving as Senior Vice President and Regional Commercial Loan Manager for Cole Taylor Bank. He serves as a director on Amalgamated's Board of Directors and a member of Amalgamated's Senior Management, Investment, Technology, Asset Liability/Product Pricing, Loan and CRA Committees. Knopp received his B.S. in Accounting from Elmhurst College.

Founded in 1922 by the Amalgamated Clothing Workers Union of America, Amalgamated Bank of Chicago specializes in serving the financial needs of area businesses, local governmental units and various international, national and local unions and their members. Located in Chicago's  Loop at the corner of State and Monroe, the Bank has a full service office at 28600 Bella Vista Parkway, Warrenville, IL. As of Sept. 30, 2013, Amalgamated Bank had assets of $764 million.

SOURCE Amalgamated Bank of Chicago