In early 2022 Amalgamated Financial (the New York bank's holding company) announced the $98 million acquisition plan was ended due to regulatory difficulties, but ABOC said it could still proceed.
In early 2022 Amalgamated Financial (the parent company of the New York bank) revealed that its $98 million acquisition plan was being put on hold because of regulatory challenges, yet ABOC stated that it could still continue with the plan.