Amalgamated Bank

Democrats Move Funds into Union-Owned Amalgamated Bank

Amalgamated Bank photoUnions have an understandable dislike for doing business with nonunion employers. It's a matter of self-interest. And as the City of Charlotte prepares to host the Democratic National Convention during September 3-6, a growing roster of labor and politically allied organizations are indicating their displeasure over the party's decision to hold the event in that decidedly nonunion locale. Some groups, which include an apparently chastened Democratic National Committee, are shifting deposits from the Charlotte-based Bank of America (BoA) to a union-owned New York City institution, Amalgamated Bank. 

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