Who Owns Apple Bank?

The institution opened on April 17, 1863, as the Haarlem Savings Bank, a mutual savings bank founded by Harlem merchants when the neighborhood was still a suburban village outside New York City. A savings bank owned by depositors rather than shareholders was the standard community finance model of the era.

The bank grew with Harlem and survived every crisis of the next century, including the Depression, operating under various names including Harlem Savings Bank. Its landmark Classical Revival headquarters at 124 East 125th Street, built in 1907, is now on the National Register of Historic Places.

The modern era began in 1981, when the bank renamed itself Apple Bank, and accelerated in 1990 when real estate investor Stanley Stahl acquired the nearly insolvent institution and rebuilt it as a conservatively managed lender focused on New York multifamily real estate. Under Stahl the bank acquired several failed New York thrift institutions, including Apple Savings Bank assets, consolidating its branch footprint across the metro area.

Since Stahl's death in 1999 the trust has kept the strategy intact: conservative credit, strong capital ratios, and heavy allocation to multifamily and co-op lending. The bank has now posted more than 30 consecutive years of profitability.

As of early 2026 Apple Bank reports approximately $19.2 billion in assets, $15.5 to $16.1 billion in deposits, about 80 branches across the five boroughs, Long Island, Westchester, Rockland, and New Jersey, roughly 1,260 employees, and net income of $63 million for 2025.