Amalgamated Bank of Chicago

Tagline Brand's website · 2026-11-07

Amalgamated Bank of Chicago, now known as ABOC, is a Chicago-based community bank serving labor unions, businesses, organizations, institutions, and individuals.

Description Brand's website · 2026-11-07

Founded in 1922 by the Amalgamated Clothing Workers Union, ABOC provides union, commercial, personal, trust, digital banking, deposit, lending, and financial education services. The bank emphasizes responsible banking, personalized service, community involvement, and a digital-first approach.

Mission Brand's website · 2026-11-07

To serve the financial needs of labor unions, working people, local businesses, organizations, institutions, and individuals through responsible banking practices and excellent, highly personal service.

Founders & leadership Brand's website · 2026-11-07

Nick Weaver — Chief Executive Officer and President; Robert M. Wrobel — Non-Executive Chairman of the Board; Timothy W. Clifford — Executive Vice President and Chief Financial Officer; Cherie Duve — Executive Vice President and Chief Legal Officer; Bill Kerth — Executive Vice President and Chief Credit Officer; Jacquelyn M. Callham — Senior Vice President, Director of Operations; Michael Connolly — Senior Vice President, Director of Risk Management; Chynise Cunningham — Senior Vice President, Human Resources; Andy DeMotte — Senior Vice President, Marketing; Kimberly Kam — Senior Vice President, Sales Director, Union and Commercial Services; Robert J. Majdecki — Senior Vice President and Chief Investment Officer; Mary C. Murray — Senior Vice President, Institutional Trust Retirement Services; Patricia Trlak — Senior Vice President, Corporate Trust; Alyssa Williams — Senior Vice President, Business Transformation; Chris Kaleth — Director of IT.

Website Brand's website · 2026-11-07

https://aboc.com

Voice & tone Brand's website · 2026-11-07

Personal, community-focused, service-oriented, trustworthy, and forward-looking.

Founded Brand's website · 2026-11-07

1922

Headquarters Brand's website · 2026-11-07

101 North Wacker Drive, Chicago, Illinois 60606

Parent ownership Brand's website · 2026-11-07

Local unions own a significant share of ABOC. The bank was founded by the Amalgamated Clothing Workers Union, now known as Workers United.

Problem solved Brand's website · 2026-11-07

ABOC helps labor unions, businesses, organizations, institutions, and individuals manage finances, access tailored deposits and financing, use digital banking tools, and address specialized banking and trust needs.

Core capabilities Brand's website · 2026-11-07

• Union banking and labor-focused financial services
• Commercial banking and business deposits
• Commercial real estate and business lending
• Union real estate and union lending
• Personal deposits and savings
• Personal mortgages, home equity, auto loans, and credit cards
• Corporate trust, trustee, agency, and institutional trust services
• Digital banking and mobile banking

Products / SKUs Brand's website · 2026-11-07

• Union checking, savings, money market accounts, CDs, and CDARS deposits
• Business checking, savings, money market accounts, CDs, and CDARS deposits
• Personal checking, savings, money market accounts, IRAs, CDs, and CDARS deposits
• Commercial real estate acquisition, refinance, construction, and renovation loans
• Working capital lines of credit, equipment loans, and letters of credit
• Union real estate acquisition, refinance, construction, and renovation loans
• Union equipment loans, working capital lines of credit, and letters of credit
• Home mortgages and home equity lines of credit

Pricing Brand's website · 2026-11-07

Pricing varies by product. The website mentions account service charges, transaction fees, minimum deposits and balances, interest rates, loan APRs, and credit card rates and fees; account opening and lending are subject to approval and applicable terms.

Target industry Brand's website · 2026-11-07

Banking and financial services, with a focus on labor unions, commercial businesses, real estate, public funds, nonprofit organizations, municipalities, and personal banking.

Customer base Brand's website · 2026-11-07

Labor unions and organized labor, union members, local and small businesses, commercial and real estate borrowers, public funds clients, nonprofit organizations, municipalities, institutions, working people, and individual consumers.

Ideal customer profile Brand's website · 2026-11-07

Labor unions and union-affiliated organizations; small and midsize businesses; commercial real estate owners and developers; nonprofit organizations and municipalities; public funds and institutional clients; and individuals seeking personal banking, lending, deposit, or credit card services.

Use cases Brand's website · 2026-11-07

• Managing union finances through online and digital banking
• Union deposits, cash flow management, investments, and fraud protection
• Commercial checking, savings, treasury, and mobile banking
• Financing commercial property acquisition, construction, renovation, and refinancing
• Funding working capital, equipment purchases, and business initiatives
• Financing union property, equipment, and working capital needs
• Managing personal checking, savings, retirement, and money market accounts
• Purchasing or refinancing a home and accessing home equity

Customer outcomes Brand's website · 2026-11-07

• Manage union and business finances from anywhere through digital banking
• Access tailored financing aligned with business, union, property, and personal needs
• Receive personalized service from dedicated banking teams
• Improve cash flow flexibility through lines of credit and specialized lending
• Protect union and business finances with Positive Pay, fraud monitoring, and related controls
• Access deposit products with interest earnings and CDARS multi-million-dollar FDIC protection options
• Support financial education and money management skills
• Meet personal goals including home purchases, refinancing, automobile purchases, and credit building