Amalgamated Bank Lends $5 Million to Finanta to Boost Community Development

Reuters

Jan 14

Amalgamated Bank Lends $5 Million to Finanta to Boost Community Development

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp., has announced a $5 million loan agreement with Finanta, a community development financial institution (CDFI) based in Philadelphia. The funding will support Finanta’s efforts to expand access to capital for affordable housing developers, healthy food providers, community development projects, childcare and education providers, healthcare providers, and small businesses in Pennsylvania, New Jersey, and Delaware. The loan is intended to bolster critical services and resources in low-income communities, with loan repayments being reinvested to further community development initiatives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amalgamated Financial Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260113578762) on January 14, 2026, and is solely responsible for the information contained therein.

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