Apple Bank for Savings

Apple Bank for Savings provides consumer and small business banking services to the greater New York City area. It is the second largest state-chartered savings bank in New York State and has 79 branches in Manhattan, Brooklyn, Queens, Staten Island and the Bronx, as well as Westchester, Suffolk, Nassau and Rockland counties. It is based in the Chanin Building in Manhattan.

The bank has personal and business checking accounts, savings and money market accounts, personal and business debit cards, online and mobile banking, retirement planning, investment accounts, personal and business credit cards, small business banking solutions, foreign currency exchange, wire transfers and commercial mortgages. The bank's commercial mortgage lending business is centered on its local New York market. It is also an active participant in export credit and specialty finance, particularly in the aviation sector.

History

Apple Bank was founded in 1863 as the Haarlem Savings Bank. It was established by a group of local merchants as a community-based mutual savings bank (a bank that is owned by its depositors). Harlem at the time was a suburban village (it was not part of New York City until 1873) and the bank's first location, a storefront on 3rd Avenue between 125th and 126th Streets, was surrounded by farms and undeveloped lots. Six years later, the bank moved to a building of its own construction on 3rd Avenue and 124th Street.