Amalgamated’s CEO, Others Honored

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Before joining Amalgamated, Cephas, a graduate of Harvard Law School, served as banking and corporate law partner in the New York City office of Cadwalader, Wickersham & Taft L.L.P. He also served as Superintendent of Banks for the State of New York from July 1991 to June 1994 and played an instrumental role in affecting bank regulatory reform throughout the state.

New York City College of Technology (City Tech) will salute Amalgamated Bank President & CEO Derrick Cephas, W. P. Carey International President Edward V. LaPuma, The City University of New York/People’s Republic of China Faculty Exchange Program, and alumna Annie Christopher ’83, founder of Annie’s Naturals, at its 2006 Best of New York Award Dinner on Monday, May 1 at the Hilton New York, 53rd Street and 6th Avenue.

City Tech graduate and celebrity chef Michael Lomonaco ’84 will emcee the event. The evening will begin with a 5:45 p.m. Guest of Honor Reception, followed by dinner and the awards ceremony at 6:45 p.m. Some 400 corporate, union and community leaders, public officials, City Tech alumni, students and faculty, and other guests are expected to attend. Tickets are $500 ($350 of which is tax deductible). Call 718.260.5025 for more information.

The theme of this year’s dinner is “Around the Corner, Around the World,â€? reflecting the scope of the educational experience City Tech offers its 12,400 degree program students and the professional impact its graduates have on business, industry and the professions, both regionally and worldwide.    

Derrick Cephas was named president and CEO of Amalgamated Bank, the nation's only fully union-owned bank, in January 2006, succeeding Gabriel Caprio, who had held the position since 1991. Cephas had served as Amalgamated's general counsel for the last 10 years. 

Before joining Amalgamated, Cephas, a graduate of Harvard Law School, served as banking and corporate law partner in the New York City office of Cadwalader, Wickersham & Taft L.L.P. He also served as Superintendent of Banks for the State of New York from July 1991 to June 1994 , and played an instrumental role in affecting bank regulatory reform throughout the state. The combination of legal, regulatory, business and financial experience that he brings to Amalgamated has enabled Cephas to hit the ground running and bodes well for the future of America’s leading union bank.  

Established in 1982, the Best of New York Award Dinner is hosted by the New York City College of Technology Foundation, a not-for-profit corporation chartered in 1981 to support the College in meeting its educational mission. Proceeds from the annual dinner help fund foundation-sponsored scholarships, other student financial assistance programs and faculty development initiatives. For tickets and additional information about the 2006 Best of New York Award Dinner, call (718)260-5025. 

New York City College of Technology (City Tech) of The City University of New York is a recognized national model for urban technological education and a pioneer in integrating technology into the teaching and learning experience. The largest public college of technology in New York State, City Tech enrolls 12,400 students in 57 baccalaureate, associate and specialized certificate programs. Another 14,300 students enroll annually in adult education and workforce development programs, many of which lead to licensure and certification. Located at 300 Jay Street in Downtown Brooklyn, City Tech is at the MetroTech Center academic and commercial complex, convenient to public transportation. 

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