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Stock impact report

Amalgamated Bank and PACE Funding Announce New Investment

Amalgamated Financial Corp. (AMAL) 
Last amalgamated financial corp. earnings: 4/30 06:25 am Check Earnings Report
Company Research Source: GlobeNewswire
LOS GATOS, Calif. and NEW YORK, March 02, 2020 (GLOBE NEWSWIRE) -- PACE Funding Group, LLC (PACE Funding) today announced a strategic investment from Amalgamated Bank under which the bank will provide investment capital, along with a commitment to purchase Property Assessed Clean Energy (PACE) financing products. PACE financing is an affordable way for property owners to finance sustainable upgrades to their properties, including solar panels, energy and water efficiency upgrades, electric vehicle charging, seismic strengthening and storm-hardening improvements. Unique to PACE Funding are their leading consumer protections safeguards designed to ensure fair treatment of homeowners by contractors. “Amalgamated Bank is the nation’s leading socially responsible bank and has succeeded for nearly 100 years by doing the right thing for its customers. PACE Funding’s values, financial acumen, and commitment to protecting consumers align closely with Amalgamated’s values and mission,” Show less Read more
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