Union-owned Amalgamated Bank was suffering from deficits that resulted from failed real estate loans and was under threat of closure by the FDIC when Mr. Grebow was hired as president and CEO in 2011. He was able to raise $100 million in capital for the bank from billionaire investors Wilbur Ross and Ron Burkle and oversaw the development of innovative retail banking products. Under Mr. Grebow's leadership, Amalgamated served as the bank of the Democratic National Committee, the Presidential Inaugural Committee of 2013 and the "unofficial financial institution" of the Occupy Wall Street movement. On several occasions throughout Mr. Grebow's tenure, Amalgamated brought derivative lawsuits against corporations on behalf of its many pension fund clients, securing its reputation as a bank that would stand against corporate wrongdoing.