– USA, NY – Amalgamated Financial Corp. (Nasdaq: AMAL) announced the addition of Steven SaLoutos and Tony Wells to the Board of Directors of the company and the Amalgamated Bank.
About Steven SaLoutos
Mr. SaLoutos brings extensive expertise in the banking industry and a strong background in directorship. He is presently the CFO of ProSight Financial Association, following a distinguished 38-year career at U.S. Bank, N.A. His most recent position there was EVP and Midwest Regional Executive in Consumer and Business Banking.
An active community supporter, Mr. SaLoutos is a member and former Chairperson of Wisconsin Women Business Initiative Corporation, a Community Development Financial Institution focused on startup and early-stage business lending for and education of women and minority-owned businesses throughout Wisconsin.
Mr. SaLoutos holds a BBA degree from the University of Wisconsin-Whitewater, and an MBA, from the University of Wisconsin-Madison.
About Tony Wells
Tony Wells brings nearly four decades of executive leadership across highly regulated industries, including banking, payment services, telecommunications, and energy. He currently serves as a Venture Partner at AZ-VC, Arizona’s largest venture capital fund, and sits on the boards of publicly traded Nexstar Media Group (NASDAQ: NXST), Yelp (NYSE: YELP), and private ad-tech company TripleLift.
Previously, Mr. Wells served as Chief Media Officer at Verizon from 2021 to 2023, and as a senior marketing executive at USAA from 2017 to 2021, culminating in his role as Chief Brand Officer. While at USAA, he also chaired both the USAA Foundation and the USAA Education Foundation, advancing initiatives in financial literacy, diversity, and customer trust.
A former Marine Corps infantry officer, Mr. Wells holds a B.S. from the United States Naval Academy and a Management Certificate from Johns Hopkins University Carey School of Business.
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 five branches across New York City, Washington D.C., and San Francisco, and a commercial office in 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 March 31, 2025, our total assets were $8.3 billion, total net loans were $4.6 billion, and total deposits were $7.4 billion. Additionally, as of March 31, 2025, our trust business held $35.7 billion in assets under custody and $14.2 billion in assets under management.
For more information: https://www.amalgamatedbank.com/
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