CONTRACTAPPROVED

NYC-Department of Finance Awards Financial Services Contract to Amalgamated Bank (May 2025)

Approved: May 13, 2025
Term: Two years from May 13, 2025
Renews: Mar 2027; Free account

What it covers

The NYC Banking Commission designated Amalgamated Bank as a NYC Depository Bank for a two-year term beginning May 13, 2025. This designation authorizes the bank to hold New York City funds under Charter Section 1524.

Who holds it

Amalgamated Bank holds this financial services contract with NYC-Department of Finance. Its other public contracts on record include work for School Of Arts And Enterprise and City of Byron.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every NYC-Department of Finance contract.

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Contract details

Contract type: Financial Services
Document date: May 13, 2025
Term: Two years from May 13, 2025
Renews: Free account
Vendor: Amalgamated Bank
Agency: NYC-Department of Finance
Source document: New York City Banking Commission Resolution FY2026 Interest Rate Recommendations 2025-05-13 (Resolution)

Amalgamated Bank's other public contracts

School Of Arts And Enterprise, CaliforniaLine of Credit Considered with Amalgamated Bank · Aug 18, 2026Undisclosed City of Byron, IllinoisCouncil Ratifies Sewer Bond Payment to Amalgamated Bank · Aug 5, 2026$66.7K Wheeling CCSD 21, IllinoisPrincipal Payment Approved for Series 2021A · May 21, 2026$305K Wheeling CCSD 21, IllinoisBond Interest Payment Approved for Series 2021B · May 21, 2026$64.7K Wheeling CCSD 21, IllinoisBond Interest Payment Approved for Series 2020C · May 21, 2026$48.2K All Amalgamated Bank contractsVendor profile

More NYC-Department of Finance contracts

Oceanfirst BankOceanFirst Bank Named NYC Depository Bank · May 7, 2026Undisclosed Ponce BankCity Boosts Ponce Bank Bronx BDD Deposit by $10M · May 7, 2026$10 Million Ponce BankCity Approves $10M Deposit at Ponce Bank Manhattan · May 7, 2026$10 Million Ponce Bank Manhattan Bdd Branch$10M BDD Deposit Approved for Ponce Manhattan · May 7, 2026$10 Million Oceanfirst BankOceanFirst Bank Named NYC Depository Bank · May 7, 2026Undisclosed All NYC-Department of Finance activityAgency profile

Questions about this contract

Who was awarded the financial services contract by NYC-Department of Finance?

Amalgamated Bank was awarded this financial services contract by NYC-Department of Finance, as recorded on May 13, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in New York City Banking Commission Resolution FY2026 Interest Rate Recommendations 2025-05-13 (Resolution), dated May 13, 2025 from NYC-Department of Finance. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Amalgamated Bank hold?

Amalgamated Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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