Apple Bank announced plans June 29 to expand its branch network into the Garden State with a new Englewood location slated to open later this year.
The branch will be located at the Palisades Court Shopping Center across the street from Shop Rite.
Apple Bank, which was founded in Harlem in 1863, received approval for the Englewood expansion from the FDIC, the New York State Department of Financial Services and the New Jersey Department of Banking and Insurance.
The bank serves customers throughout New York City’s five boroughs, Long Island, and in Westchester and Rochester counties. Apple Bank says adding locations in New Jersey is a natural expansion of its footprint and will allow the institution to better serve New Jerseyans who work in New York and bank with Apple.
“With many of our customers living just across the Hudson River, our new branch in Englewood will bring local banking to where our customers live,” said Chairman, President and CEO Steven Bush. “We are pleased that the regulators have granted us approval to proceed with our plans.”
Apple Bank currently offers its online “Simple Savings” account to New Jersey residents and said it was excited about expanding that to include a full suite of products and personalized service in the state.
“We are excited to open this branch, allowing New Jersey customers to bank where they live – including digitally, over the phone or in person at our new Englewood location,” said Executive Vice President and Chief Retail Banking Officer James Matera. “We are confident our customers, both current and future, will find this an added convenience.”