Banking & Finance  November 14, 2018

Amalgamated launches 2,000,000-share public offering

NEW YORK — Amalgamated Bank (Nasdaq: AMAL), which acquired New Resource Bank and has operations in Boulder, is launching a public offering of ­­­­­­­­­­­­­­­­2,000,000 shares of Class A common stock at a public offering price of $19.25 per share.

The underwriters have also been granted a 30-day option to purchase up to an additional 300,000 shares of Class A common stock, according to an Amalgamated news release.

All of the shares in the offering are to be sold by the selling stockholders. Amalgamated will

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not receive any proceeds from the offering.

Barclays and J.P. Morgan are acting as joint book-running managers. Keefe, Bruyette & Woods, Raymond James & Associates Inc., and Sandler O’Neill + Partners L.P. are acting as co-managers.

Closing of the offering is expected to occur on Nov. 16.

 

NEW YORK — Amalgamated Bank (Nasdaq: AMAL), which acquired New Resource Bank and has operations in Boulder, is launching a public offering of ­­­­­­­­­­­­­­­­2,000,000 shares of Class A common stock at a public offering price of $19.25 per share.

The underwriters have also been granted a 30-day option to purchase up to an additional 300,000 shares of Class A common stock, according to an Amalgamated news release.

All of the shares in the offering are to be sold by the selling stockholders. Amalgamated will

not receive…

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