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Stock impact report

Amalgamated Financial Corp. Announces New $40 Million Share Repurchase Program [Yahoo! Finance]

Amalgamated Financial Corp. (AMAL) 
Last amalgamated financial corp. earnings: 4/30 06:25 am Check Earnings Report
Company Research Source: Yahoo! Finance
the “Bank”) (Nasdaq: AMAL) today announced that its Board of Directors has approved a new authorization for the repurchase of up to $40 million of the Company's Class A common stock. The new authorization replaces the previous share repurchase authorization, which had approximately $18.7 million remaining as of December 31, 2024. Priscilla Sims Brown, President and Chief Executive Officer, commented, “We have begun the year with momentum across the Bank as our political deposit balances begin to rebuild following the recent election cycle conclusion and our new business production pipeline continues to grow. With this noted, we believe our current share price does not reflect this momentum nor the opportunity that we see ahead to further grow the Bank. As a result, this new repurchase authorization is particularly timely.” The new repurchase authorization does not have an expiration date and may, without prior notice, be extended, modified, amended, suspended or discontinued at an Show less Read more
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