The latest announcement is out from Amalgamated Bank ( (AMAL) ).
On February 24, 2025, Amalgamated Bank entered into an Amended & Restated Employment Agreement with Sean Searby, the Executive Vice President and Chief Information and Operations Officer. The agreement, which updates the terms from August 24, 2022, extends for a term of thirty-six months and includes provisions for automatic annual renewals unless notice is given. Mr. Searby’s compensation includes a base salary of $420,000, potential bonuses, and equity incentives, with specific terms for severance payments in the event of termination. The agreement also includes confidentiality, non-competition, and non-solicitation clauses.
More about Amalgamated Bank
YTD Price Performance: -2.55%
Average Trading Volume: 202,110
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $996.4M
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