David E. Knopp has been named president of Amalgamated Bank of Chicago, replacing Robert M. Wrobel, who will continue s chairman and chief executive officer, the bank announced today.
Knopp, 59, had been senior executive vice president and chief operating officer of Amalgamated. He will remain chief operating officer in his new role.
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"This promotion is well deserved recognition for Dave's leadership and management of our lending, trust and retail banking functions. I look forward to continuing to work with him and the rest of our Amalgamated colleagues to serve our ever growing base of clients in the months and years ahead," Wrobel said.
A 35 year banking veteran, Knopp joined Amalgamated in 1992, after serving as senior vice president and regional commercial loan manager for Cole Taylor Bank.
He serves as a director on Amalgamated's board of directors and a member of Amalgamated's senior management, investment, technology, asset liability/product pricing, loan and CRA committees. Knopp received his B.S. degree in accounting from Elmhurst College.
Founded in 1922 by the Amalgamated Clothing Workers Union of America, Amalgamated Bank of Chicago specializes in serving the financial needs of area businesses, local governmental units and various international, national and local unions and their members. Located in Chicago's Loop at the corner of State and Monroe, the Bank has a full service office at 28600 Bella Vista Parkway, Warrenville. As of Sept. 30, 2013, Amalgamated Bank had assets of $764 million.