November 19, 2020
SUPERINTENDENT LACEWELL ANNOUNCES DFS APPROVES TWO NEW BANK BRANCHES
Apple Bank for Savings to Open Two New Branches in Rockland and Westchester County
Superintendent of Financial Services Linda A. Lacewell today announced that the New York State Department of Financial Services (DFS) has approved the application of Apple Bank for Savings to open and operate two new branch offices in New City in Rockland County and in Larchmont in Westchester County.
“Part of DFS’ mission is economic development which is critical at this time. DFS is also committed to expanding vital banking services throughout New York,” said Superintendent Lacewell. “With DFS approval, Apple Bank for Savings will be able to expand its footprint and help New Yorkers have more access to financial services across the state.”
The Bank expects to open its New City and Larchmont branches for retail operations by spring 2021.
With the two additional branch offices, Apple Bank for Savings will operate 81 branch offices in greater New York. The Bank's principal office is located in New York City, with combined total assets for all branches of $16.3 billion as of September 30, 2020.
"Apple Bank thanks the DFS for its timely approval, enabling the Bank to remain on track for the planned opening of our New City and Larchmont branches," said Steven C. Bush, Chairman, President and Chief Executive Officer of Apple Bank. "The New City branch, our second full-service location in Rockland County, and the Larchmont branch, our sixth full-service Westchester County location, are part of our overarching growth strategy that includes additional branch openings in 2021, along with investing significantly in technology offerings so customers can bank the way they choose."