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    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Mark Finser -->
          <cik>0001847215</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
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  <formData>
    <issuerInfo>
      <issuerCik>0001823608</issuerCik>
      <issuerName>Amalgamated Financial Corp.</issuerName>
      <secFileNumber>001-40136</secFileNumber>
      <issuerAddress>
        <com:street1>275 Seventh Ave.</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>Mark Finser (MA Finser Living Trust Dated 5/15/12)</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</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>8000</noOfUnitsSold>
      <aggregateMarketValue>211360.00</aggregateMarketValue>
      <noOfUnitsOutstanding>30393605</noOfUnitsOutstanding>
      <approxSaleDate>12/15/2023</approxSaleDate>
      <securitiesExchangeName>Nasdaq</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>05/17/2019</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting &amp; Owned Shares</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Amalgamated Financial Corp.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>8000</amountOfSecuritiesAcquired>
      <paymentDate>12/15/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>12/19/2023</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>01/01/2023</planAdoptionDate>
      </planAdoptionDates>
      <signature>/s/ Mark Finser (MA Finser Living Trust Dated 5/15/12)</signature>
    </noticeSignature>
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144
0001847215
XXXXXXXX
LIVE
0001823608
Amalgamated Financial Corp.
001-40136
275 Seventh Ave.
New York
NY
10001
212-255-6200
Mark Finser (MA Finser Living Trust Dated 5/15/12)
Director
Common
APEX CLEARING
350 N ST. PAUL ST.
SUITE 300
DALLAS
TX
75201
8000
211360.00
30393605
12/15/2023
Nasdaq
Common
05/17/2019
Restricted Stock Vesting & Owned Shares
Amalgamated Financial Corp.
N
8000
12/15/2023
N/A
Y
12/19/2023
01/01/2023
/s/ Mark Finser (MA Finser Living Trust Dated 5/15/12)