{"name":"Amalgamated Bank of Chicago","domain":"aboc.com","url":"https://optimly.ai/brand/amalgamated-bank-of-chicago","is_claimed":false,"categories":["fintech-financial-services"],"headers":[{"header":"Overview","sections":[{"key":"short_description","label":"Tagline","shape":"text","content":"Amalgamated Bank of Chicago, now known as ABOC, is a Chicago-based community bank serving labor unions, businesses, organizations, institutions, and individuals.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"description","label":"Description","shape":"text","content":"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.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"}]},{"header":"Identity","sections":[{"key":"mission","label":"Mission","shape":"text","content":"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.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"leadership","label":"Founders & leadership","shape":"text","content":"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.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"website","label":"Website","shape":"text","content":"https://aboc.com","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"voice_tone","label":"Voice & tone","shape":"text","content":"Personal, community-focused, service-oriented, trustworthy, and forward-looking.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"founded","label":"Founded","shape":"text","content":"1922","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"headquarters","label":"Headquarters","shape":"text","content":"101 North Wacker Drive, Chicago, Illinois 60606","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"parent_ownership","label":"Parent ownership","shape":"text","content":"Local unions own a significant share of ABOC. The bank was founded by the Amalgamated Clothing Workers Union, now known as Workers United.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"}]},{"header":"Offerings","sections":[{"key":"problem_solved","label":"Problem solved","shape":"text","content":"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.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"core_capabilities","label":"Core capabilities","shape":"text","content":"Union banking and labor-focused financial services\nCommercial banking and business deposits\nCommercial real estate and business lending\nUnion real estate and union lending\nPersonal deposits and savings\nPersonal mortgages, home equity, auto loans, and credit cards\nCorporate trust, trustee, agency, and institutional trust services\nDigital banking and mobile banking","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"products","label":"Products / SKUs","shape":"text","content":"Union checking, savings, money market accounts, CDs, and CDARS deposits\nBusiness checking, savings, money market accounts, CDs, and CDARS deposits\nPersonal checking, savings, money market accounts, IRAs, CDs, and CDARS deposits\nCommercial real estate acquisition, refinance, construction, and renovation loans\nWorking capital lines of credit, equipment loans, and letters of credit\nUnion real estate acquisition, refinance, construction, and renovation loans\nUnion equipment loans, working capital lines of credit, and letters of credit\nHome mortgages and home equity lines of credit","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"pricing","label":"Pricing","shape":"text","content":"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.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"}]},{"header":"Audience","sections":[{"key":"target_industry","label":"Target industry","shape":"text","content":"Banking and financial services, with a focus on labor unions, commercial businesses, real estate, public funds, nonprofit organizations, municipalities, and personal banking.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"customer_base","label":"Customer base","shape":"text","content":"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.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"icp","label":"Ideal customer profile","shape":"text","content":"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.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"use_cases","label":"Use cases","shape":"text","content":"Managing union finances through online and digital banking\nUnion deposits, cash flow management, investments, and fraud protection\nCommercial checking, savings, treasury, and mobile banking\nFinancing commercial property acquisition, construction, renovation, and refinancing\nFunding working capital, equipment purchases, and business initiatives\nFinancing union property, equipment, and working capital needs\nManaging personal checking, savings, retirement, and money market accounts\nPurchasing or refinancing a home and accessing home equity","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"},{"key":"customer_outcomes","label":"Customer outcomes","shape":"text","content":"Manage union and business finances from anywhere through digital banking\nAccess tailored financing aligned with business, union, property, and personal needs\nReceive personalized service from dedicated banking teams\nImprove cash flow flexibility through lines of credit and specialized lending\nProtect union and business finances with Positive Pay, fraud monitoring, and related controls\nAccess deposit products with interest earnings and CDARS multi-million-dollar FDIC protection options\nSupport financial education and money management skills\nMeet personal goals including home purchases, refinancing, automobile purchases, and credit building","source_type":"1p_website","source_label":"Brand's website","source_url":"https://aboc.com","updated_at":"2026-11-07T05:38:44.928639+00:00"}]}],"last_refreshed_at":"2026-11-07T05:38:45.079220+00:00","last_changed_at":"2026-11-07T05:38:45.092333+00:00","claim_url":"https://app.optimly.ai/sign-up?claim=b3a44f94-1418-4250-b1c9-304ab4e8f08c"}