Amalgamated Bank of Chicago
The Amalgamated Bank of Chicago (ABOC) is a commercial bank headquartered in Chicago, Illinois, United States. In addition to its downtown Chicago office, the bank has a branch office in Warrenville, Illinois.
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1922 |
| Headquarters | Chicago, IL , United States |
Number of locations | 2 |
Key people | Robert M. Wrobel (CEO) |
| Services | Banking |
| Revenue | US$ 21.7 million (2021) (interest + non-interest income) |
Net income | US$ 1.7 million (2021) |
| Total assets | US$ 950.14 million (2021) |
| Total equity | US$ 88.87 million (2021) |
Number of employees | 167 (2021) |
| Parent | Amalgamated Investments Company |
| Website | https://www.aboc.com/ |
Until November 1991, the bank was known as Amalgamated Trust & Savings Bank.
ABOC announced plans to be acquired by Amalgamated Bank of New York during 2021. In early 2022 Amalgamated Financial (the New York bank's holding company) announced the $98 million acquisition plan was ended due to regulatory difficulties, but ABOC said it could still proceed.
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