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      <filer>
        <filerCredentials>
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          <ccc>XXXXXXXX</ccc>
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      <liveTestFlag>LIVE</liveTestFlag>



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    <issuerInfo>
      <issuerCik>0001823608</issuerCik>
      <issuerName>Amalgamated Financial Corp.</issuerName>
      <secFileNumber>001-40136</secFileNumber>
      <issuerAddress>
        <com:street1>275 Seventh Avenue</com:street1>
        <com:city>New York</com:city>
        <com:stateOrCountry>NY</com:stateOrCountry>
        <com:zipCode>10001</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>212-255-6200</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Sean Searby</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>EVP &amp; Chief Operations Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>APEX CLEARING</name>
        <address>
          <com:street1>350 N ST. PAUL ST</com:street1>
          <com:street2>SUITE 300</com:street2>
          <com:city>DALLAS</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>75201</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>5500</noOfUnitsSold>
      <aggregateMarketValue>99.00</aggregateMarketValue>
      <noOfUnitsOutstanding>30393605</noOfUnitsOutstanding>
      <approxSaleDate>11/06/2023</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Shares</securitiesClassTitle>
      <acquiredDate>06/01/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting &amp; ESPP Plan</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Amalgamated Financial Corp.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1802</amountOfSecuritiesAcquired>
      <paymentDate>11/06/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Shares</securitiesClassTitle>
      <acquiredDate>08/24/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting &amp; ESPP Plan</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Amalgamated Financial Corp.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>5109</amountOfSecuritiesAcquired>
      <paymentDate>11/06/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>ESPP</securitiesClassTitle>
      <acquiredDate>06/30/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting &amp; ESPP Plan</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Amalgamated Financial Corp.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1134</amountOfSecuritiesAcquired>
      <paymentDate>11/06/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Shares</securitiesClassTitle>
      <acquiredDate>09/30/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting &amp; ESPP Plan</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Amalgamated Financial Corp.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>236</amountOfSecuritiesAcquired>
      <paymentDate>11/06/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>11/06/2023</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>07/31/2023</planAdoptionDate>
      </planAdoptionDates>
      <signature>Sean Searby</signature>
    </noticeSignature>
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144
0001849127
XXXXXXXX
LIVE
0001823608
Amalgamated Financial Corp.
001-40136
275 Seventh Avenue
New York
NY
10001
212-255-6200
Sean Searby
EVP & Chief Operations Officer
Common
APEX CLEARING
350 N ST. PAUL ST
SUITE 300
DALLAS
TX
75201
5500
99.00
30393605
11/06/2023
NASDAQ
Shares
06/01/2020
Restricted Stock Vesting & ESPP Plan
Amalgamated Financial Corp.
N
1802
11/06/2023
N/A
Shares
08/24/2022
Restricted Stock Vesting & ESPP Plan
Amalgamated Financial Corp.
N
5109
11/06/2023
N/A
ESPP
06/30/2022
Restricted Stock Vesting & ESPP Plan
Amalgamated Financial Corp.
N
1134
11/06/2023
N/A
Shares
09/30/2022
Restricted Stock Vesting & ESPP Plan
Amalgamated Financial Corp.
N
236
11/06/2023
N/A
Y
11/06/2023
07/31/2023
Sean Searby