Community banking

Amalgamated in N.Y. Hires New President

By Andy Peters April 25, 2014, 3:11 p.m. EDT 1 Min Read

Community banking

Amalgamated in N.Y. Appoints Interim CEO

Amalgamated Bank in New York, N.Y., has appointed one of its former leaders to temporarily replace its president and chief executive.

By Sarah Todd

November 21

Amalgamated Bank in New York has named a president to succeed Ed Grebow, but the union-owned bank is still looking for a permanent chief executive.

Keith Mestrich, who had been the $3.8 billion-asset bank's chief of staff, was named president on Friday. He joined the bank in 2012 to run its Washington operations. His other previous professional experience includes stints at unions Workers United, Service Employees International Union and the AFL-CIO.

Grebow left as CEO in November, after running the bank for about three years. Grebow had worked for private-equity fund J.C. Flowers & Co. before joining Amalgamated. Gabriel Caprio will remain interim CEO.

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