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protection that secured loans and leases offer across a range of credit conditions, particularly financing "Critical Use" equipment, which served as a solid asset class within C&I lending. Apple Bank's executive team selected
Walters. The new platform at Apple Bank served the equipment financing market well, and it complemented the bank's range of secured lending and conservative portfolio.
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residents. The bank has remained profitable for 30 consecutive years. Steven C. Bush is the chairman, president, and CEO of Apple Bank, and James Matera is the executive vice president and chief retail banking officer. As of
December, 2021, Apple Bank had $ 16.1 billion of assets and $ 14.0 billion
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In May 2022, Apple Bank established an
Equipment Finance Group, led by Ken Walters and a team of seven. The group was created to diversify Apple Bank's lending base and was part of its growing Commercial and Industrial lending practice. The move aimed to take advantage of the strong performance and
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In the 1970s and early 1980s, the bank continued to expand into the suburbs outside New York City. To reflect its geographic expansion, the bank changed its name to Apple Bank in May 1983.
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that included a $ 160 million grant from the agency, the bank acquired the troubled
Central Savings Bank. Created as the German Savings Bank in 1858, Central Savings Bank counted
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In 1991, William J. Laraia became chairman and chief executive officer of the bank. Laraia reduced the commercial loan portfolio and cut costs significantly.
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and 126th
Streets was surrounded by farms and undeveloped lots. In 1869, the bank moved to a building of its own construction on 3rd Avenue and 124th Street.
1403:"Apple Bank Expands Into New Jersey; New Branch Now Open in Englewood, New Jersey; Palisades Court Shopping Center – 33 Nathaniel Place, Englewood, NJ 07631"
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In 1989, the bank acquired Sag Harbor
Savings Bank and its 5 branches for $ 29.5 million. Sag Harbor Savings Bank was chartered in 1860 in
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to prevent the takeover. Stahl fought the poison pill. Shareholders supported the merger after the stock price fell during the
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as the population growth shifted to the suburbs. In 1968, the bank moved its headquarters from Harlem to 42nd Street.
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at the time was a suburban village - it was not part of New York City until 1873 - and the bank's first location on
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In
September 2022, the bank expanded its branch network to 84 locations with the opening of a new retail branch in
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On April 20, 2013, Apple Bank acquired 29 branches and the related deposit accounts and services from
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In April 2016, Steven C. Bush became chairman, president, and chief executive officer of the bank.
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This article is about the New York-based retail bank. For Apple Inc.'s financial services, see
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On
December 31, 1986, the bank acquired Eastern Savings Bank, obtaining three branches in
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1187:"Apple Bank for Savings completes acquisition of 29 branches from Emigrant Savings Bank"
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for violations of the Bank
Secrecy Act related to anti-money laundering controls.
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The acquisition gave the bank an additional seven branches including the
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1143:"Apple Bank Elects New Chairman, President And Chief Executive Officer"
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In August 1999, Stahl died and ownership of the bank passed to trusts.
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In 1994, Alan
Shamoon became the chief executive officer of the bank.
601:, then Mayor of New York, as a charter member and operated out of the
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1205:"Emigrant Bank Completes Sale Of Branches To Apple Bank For Savings"
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of the bank, and the bank initially rejected the bid and adopted a
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1016:"Investor brings new charges against Apple Bancorp management"
825:"BLACK HISTORY MONTH 2019: Apple Bank's historic Harlem roots"
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In February 2021, Apple Bank was fined $ 12.5 million by the
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In 1907, the bank moved its headquarters to 124 E. 125th St.
1350:"New York Bank Fined For Anti-Money-Laundering Law Failures"
720:. This acquisition gave Apple a total of 77 branches in the
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In 1985, the bank converted from a mutual savings bank to a
636:, as well as two branches in Nassau County on Long Island.
1074:"Stanley Stahl, a Bank Owner And Real Estate Investor, 75"
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906:. Landmarks Preservation Commission. January 28, 1975.
646:, selling 4.6 million shares for $ 53.5 million in an
1332:"APPLE BANK TO OPEN ITS FIRST ROCKLAND COUNTY BRANCH"
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In June 2015, the bank opened a second branch in the
218:, and by adding encyclopedic content written from a
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1382:"Apple Bank Establishes Equipment Finance Group"
1225:"Apple Bank completes Emigrant branch purchases"
1337:(Press release). Apple Bank. October 13, 2015.
1037:"Leaders Cross Over Into the Banking Industry"
628:, a designated historic landmark designed by
1476:Privately held companies of the United States
1247:"Apple Bank opens new Jackson Heights branch"
749:In October 2015, the bank opened a branch in
727:In May 2015, the bank opened a branch in the
8:
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1320:(Press release). Apple Bank. June 19, 2015.
75:Learn how and when to remove these messages
1282:(Press release). Apple Bank. May 14, 2015.
859:FARNSWORTH, CLYDE H. (December 10, 1981).
274:
267:
1094:Hylton, Richard D. (September 18, 1990).
256:Learn how and when to remove this message
238:Learn how and when to remove this message
172:Learn how and when to remove this message
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605:building before moving to a location at
1461:1863 establishments in New York (state)
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823:MCCALLISTER, JARED (February 7, 2019).
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803:"Apple Bank for Savings (FDIC # 16068)"
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540:The company was founded in 1863 as the
1315:"APPLE BANK TO OPEN NEW BRANCH OFFICE"
1277:"APPLE BANK TO OPEN NEW BRANCH OFFICE"
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672:to provide financial services for the
199:contains content that is written like
1295:"Apple Bank to open Bay Ridge branch"
1097:"Apple Bank Won't Fight Takeover Bid"
1035:Stoler, Michael (November 23, 2005).
807:Federal Deposit Insurance Corporation
761:Federal Deposit Insurance Corporation
724:and close to $ 13 billion in assets.
595:Federal Deposit Insurance Corporation
582:In 1966, the bank opened a branch in
7:
593:In 1981, in a deal organized by the
110:adding citations to reliable sources
1222:Incantalupo, Tom (April 30, 2013).
942:"Apple Bank to Buy Eastern Savings"
774:, which allows it to better serve
461:Trust for the benefit of heirs of
25:
56:This article has multiple issues.
27:Savings bank in the United States
1437:
1293:Katinas, Paula (June 23, 2015).
1245:Kearns, Patrick (May 26, 2015).
846:"New York Bank History : H"
634:Renaissance Revival architecture
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969:. 19 March 2019. Archived from
862:"SENATOR BARS THRIFT UNIT BILL"
504:Footnotes / references
97:needs additional citations for
64:or discuss these issues on the
939:BELKIN, LISA (June 26, 1986).
1:
1071:Ravo, Nick (August 6, 1999).
1014:WEISS, MILES (June 6, 1990).
577:Washington Heights, Manhattan
1466:Banks based in New York City
1348:Tokar, Dylan (2021-02-01).
1119:"Apple Bancorp Names Chief"
317:as the Haarlem Savings Bank
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1021:United Press International
722:New York metropolitan area
525:New York metropolitan area
436:US$ 14.307 billion (2018)
353:New York metropolitan area
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1471:Banks established in 1863
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453:US$ 1.196 billion (2018)
419:US$ 100.9 million (2018)
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1162:"Chief Quits Apple Bank"
963:"APPLE BANK FOR SAVINGS"
848:. National Bank History.
632:in the Palazzo style of
571:In 1932, just after the
484:Apple Financial Holdings
887:Smithsonian Institution
648:initial public offering
308:; 161 years ago
901:"Central Savings Bank"
746:, at 426 86th Street.
624:between West 73rd and
513:Apple Bank for Savings
269:Apple Bank for Savings
1251:LIC / Astoria Journal
883:"German Savings Bank"
772:Englewood, New Jersey
718:Emigrant Savings Bank
697:early 1990s recession
523:and operating in the
402:340.73 million (2018)
220:neutral point of view
670:Sag Harbor, New York
542:Haarlem Savings Bank
106:improve this article
18:Central Savings Bank
1354:Wall Street Journal
1149:. October 13, 2015.
1128:. January 30, 1991.
830:New York Daily News
683:, the developer of
618:Apple Bank Building
584:Manhasset, New York
546:mutual savings bank
521:Manhasset, New York
470:Number of employees
334:Number of locations
306:April 17, 1863
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212:promotional content
1175:. August 23, 1994.
1168:The New York Times
1125:The New York Times
1103:The New York Times
1080:The New York Times
1000:The New York Times
948:The New York Times
925:The New York Times
868:The New York Times
385:Financial services
214:and inappropriate
1211:. April 30, 2013.
1207:(Press release).
1193:. April 30, 2013.
1189:(Press release).
1145:(Press release).
1003:. March 13, 1989.
626:West 74th Streets
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928:. May 12, 1983.
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630:York and Sawyer
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967:The Real Deal
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1445:Banks portal
1407:. Retrieved
1405:. 2022-09-22
1397:
1386:. Retrieved
1384:. 2022-05-16
1376:
1365:. Retrieved
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1259:. Retrieved
1255:the original
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1051:. Retrieved
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975:. Retrieved
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564:20th century
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536:19th century
517:savings bank
512:
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474:1,001 (2018)
443:Total equity
426:Total assets
322:Headquarters
283:Company type
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210:by removing
206:Please help
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121:"Apple Bank"
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104:Please help
99:verification
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58:Please help
55:
1209:PR Newswire
1191:PR Newswire
1147:PR Newswire
742:section of
731:section of
693:poison pill
663:Long Island
659:Westchester
607:14th Street
588:Long Island
348:Area served
1455:Categories
1409:2023-03-13
1388:2023-03-13
1367:2021-02-25
783:References
776:New Jersey
689:book value
676:industry.
613:in 1864.
611:4th Avenue
554:3rd Avenue
409:Net income
360:Key people
313:1863-04-17
208:improve it
162:April 2013
132:newspapers
61:improve it
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