New Supply Chain Risk for Amalgamated Bank – What’s the Latest?

Amalgamated Bank (AMAL) has disclosed a new risk, in the Supply Chain category.

Amalgamated Bank’s engagement with third-party service providers introduces significant operational and regulatory challenges. These entities, crucial for both internal and customer-related functions, could potentially lead to compliance breaches and strategic setbacks if not properly managed. Recent regulatory guidance and proposed rules from federal banking agencies mandate rigorous risk analysis and enhanced risk management processes for such relationships. While Amalgamated Bank is not immediately subject to these impending requirements, future examinations by the FDIC may hold the bank to these elevated standards of corporate governance and risk management.

The average AMAL stock price target is $31.67, implying 31.96% upside potential.

To learn more about Amalgamated Bank’s risk factors, click here.