On April 18, 2022, Martin Murrell, the Senior Executive Vice President and Chief Operating Officer of Amalgamated Financial Corp. and its wholly-owned subsidiary, Amalgamated Bank, notified the Boards of Directors of the Company and the Bank that he will resign from the Company and the Bank, effective as of May 17, 2022. Mr. Murrell will be pursuing new opportunities and his departure is not due to any disagreement with the Company or the Bank regarding their respective operations, policies or practices.