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 a new branch office in Queens, New York.

“As New York works to rebuild and recover, access to banking services is now more important than ever,” said Superintendent Lacewell. “With DFS approval, Apple Bank will be able to expand its footprint and provide greater financial services to families and small businesses in Queens.”

Apple Bank for Savings had approximate total assets of $16.2 billion as of December 31, 2020 and has 79 branch offices that are spread amongst all five boroughs of New York City, Nassau County, Suffolk County, Westchester County and Rockland County.

"Apple Bank thanks the DFS for its timely approval, enabling the Bank to remain on track for the planned opening of our Astoria branch," said Steven C. Bush, Chairman, President and Chief Executive Officer of Apple Bank. "The Astoria branch allows us to extend our network into an important community in Queens to better serve existing and prospective customers who live in the area. The Astoria branch will also be our third new location to open in 2021, in addition to New City in Rockland County and Larchmont in Westchester County, all of which are part of our overarching growth strategy that includes additional branch openings, along with investing significantly in technology offerings so customers can bank the way they choose."

The new Apple Bank for Savings branch will be open to the general public at 30-98C Steinway Street, Astoria, Borough of Queens, City of New York 11103.

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