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At Apple Bank, we are marking over 150 years of continuous operations, and we take great pride that our history is so firmly entwined with that of New York City.
Apple Bank today is comprised of various financial institutions that merged over a long period of time. The founding bank, the Harlem Savings Bank, was originally chartered in 1863. Apple’s second founding partner, the German Savings Bank (later Central Savings Bank), opened for business in 1859. Apple Bank remains one of the few banks in business today that can trace its roots back to the Civil War era.
Business prospered for both of Apple’s founding partners through financial panic, the Great Depression, wars and many transitions in the banking industry. During the years of growth and prosperity for the country, both banks succeeded because they offered financial services designed to meet the needs of their local neighborhoods and communities. After Harlem Savings Bank acquired Central Savings Bank in the early 1980s, the name was changed to Apple Bank for Savings to reflect the institution’s expanded geographic reach.
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