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Amalgamated Bank in New York has named Edward Grebow, a former private-equity firm executive, as its president and chief executive.
April 28 -
Edward Grebow is making use of the $100 million in private equity that the New York bank received last year, tackling bad loans and expanding into prepaid cards and residential mortgages.
June 7 -
William Houlihan, a former CFO for Hudson United Bank in Mahwah, N.J., will become the top financial officer at the $3.7 billion-asset Amalgamated, the company said Wednesday.
March 20
Amalgamated Bank in New York, N.Y., has appointed one of its former leaders to temporarily replace its president and chief executive.
Interim CEO Gabriel Caprio, who served as president and CEO of the union-owned bank from 1991 to 2006, will replace Edward Grebow as the board searches for a permanent successor, according to the companys Thursday press release.
Grebow steps down from his position as president and CEO after less than
The move is part of a planned transition, according to the release.
Ive appreciated the opportunity to lead this tremendous institution during a difficult period, Grebow said in the release. It has been both challenging and fulfilling, and I am very proud of our progress. I look forward to resuming my career as an investment banker and advisor to financial institutions, companies, and not-for-profit organizations.
