– USA, NY – Amalgamated Financial Corp. (Nasdaq: AMAL), today announced the election of Darrell Jackson to its Board of Directors.
“On behalf of the board, we are thrilled to welcome Darrell as a valuable member of our team. We firmly believe that his demonstrated expertise and leadership across the financial sector, business acumen, and successful strategies for growth despite challenging economic circumstances will be an incredible asset for our bank. We look forward to the vision, professionalism, and innovation Darrell will surely bring to the table.” said Board Chair, Lynne Fox.
About Darrell Jackson
Mr. Jackson has an extensive background driving strategic growth and operational initiatives for financial service providers focused on Fortune 500 enterprises, privately held companies, corporate executives, professionals, wealthy individuals, and families throughout the U.S. In his 30+ years of experience in the financial sector, he has held leadership positions such as President, CEO, and Board Director with consistent success in creating innovative business strategies.
Mr. Jackson is the President and CEO of The Efficace Group, Inc., an executive coaching business. Since April 2020, Mr. Jackson has served as one of three outside directors for Gray-Bowen-Scott, a professional consulting firm specializing in the delivery of transportation projects in the Greater Bay Area of California. Since March 2018, Mr. Jackson has also lead an executive group as Peer Advisory Board Best Practice Chair for Vistage Worldwide, Inc., a CEO coaching and peer advisory organization. From November 2016 until July 2018, Mr. Jackson served as one of four outside directors for Delaware Place Bank and its holding company, and as Chair of the board’s Executive Loan Committee.
Before this, Mr. Jackson held the position of President, CEO, and Board Director of Seaway Bank and Trust Company from 2014 to 2015. Previously, he held various management positions at Northern Trust Corporation from 1995 to 2014, concluding his tenure there with the position of EVP and Co-President of Wealth Management Illinois.
Over the past 12 years, Mr. Jackson has also served as Chairman of the Board, Chairman of the Audit, Finance, Governance, Executive Loan committees, and Management Development and Compensation committee for several high-profile non-profit organizations.
Mr. Jackson said, “I am honored and excited to be joining the Amalgamated Board of Directors. Amalgamated has demonstrated the financial value and full potential of mission-led banking, and I’m looking forward to expanding on new business opportunities and strengthening the bank’s growing assets together with this impressive team of financial leaders.”
Mr. Jackson earned a Bachelor of Arts in Communications from St. Xavier University and holds a Master of Business Administration from the Kellogg Graduate School of Management at Northwestern University.
About Amalgamated Financial Corp.
Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based full-service commercial bank and a chartered trust company with a combined network of six branches in New York City, Washington D.C., San Francisco, and Boston. Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country’s oldest labor unions. Amalgamated Bank provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Amalgamated Bank is a proud member of the Global Alliance for Banking on Values and is a certified B Corporation®. As of June 30, 2021, our total assets were $6.6 billion, total net loans were $3.1 billion, and total deposits were $5.9 billion. Additionally, as of June 30, 2021, our trust business held $39.2 billion in assets under custody and $16.6 billion in assets under management.
For more information: https://www.amalgamatedbank.com/
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