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Amalgamated Bank in Chicago threatens to sue namesake bank in New York.
- Source :
- American Banker; 3/25/2022, Vol. 187 Issue 58, p7-8, 2p
- Publication Year :
- 2022
-
Abstract
- Amalgamated Financial in February called off its $98.1 million acquisition of Amalgamated Investments, citing an inability to secure regulatory approval. March 22, 2022 Amalgamated Investments Co., parent of Amalgamated Bank of Chicago, may pursue compensatory damages from Amalgamated Financial Corp. in New York for allegedly breaching terms of their merger agreement. [Extracted from the article]
- Subjects :
- COMPENSATORY damages
NONPROFIT organizations
MERGER agreements
BANKING industry
Subjects
Details
- Language :
- English
- ISSN :
- 00027561
- Volume :
- 187
- Issue :
- 58
- Database :
- Complementary Index
- Journal :
- American Banker
- Publication Type :
- Periodical
- Accession number :
- 156013172