Apple Bank (Apple Financial Holdings)

What kind of company is Apple Bank?

Apple Bank is a state-chartered mutual savings bank offering consumer and commercial banking in greater New York, with lending concentrated in multifamily and commercial real estate.

Is Apple Bank a public company?

No. It is privately held through Apple Financial Holdings, owned by a trust for the heirs of Stanley Stahl, with no stock listing.

Who owns Apple Bank?

A trust benefiting the heirs of real estate investor Stanley Stahl owns the bank via Apple Financial Holdings. Stahl recapitalized the bank in 1990.

How large is Apple Bank?

Approximately $19.2 billion in assets, $15.5 to $16.1 billion in deposits, about 80 branches, and roughly 1,260 employees as of early 2026.

Where is Apple Bank headquartered?

Formal headquarters is Manhasset, New York, with the corporate center at 122 East 42nd Street in Manhattan.

When was Apple Bank founded?

The bank was founded on April 17, 1863, as the Haarlem Savings Bank in Harlem, New York, and renamed Apple Bank in 1981.

The bank opened April 17, 1863, as the Haarlem Savings Bank, founded by Harlem merchants as a community mutual savings institution. Harlem was then a semi-rural village, annexed into New York City a decade later. The bank's Classical Revival headquarters at 124 East 125th Street, built in 1907, is listed on the National Register of Historic Places.

Through the 20th century it operated as a classic Gotham thrift, taking deposits and funding mortgages. The institution renamed itself Apple Bank in 1981, absorbing the Apple Savings Bank nameplate during the thrift consolidation era.

The decisive event came in 1990. With the bank near failure amid the savings and loan crisis, real estate investor Stanley Stahl acquired and recapitalized it, installing a conservative credit culture focused on New York multifamily lending. The bank absorbed additional failed thrift franchises through the 1990s, building the branch network it still operates.

Stahl died in 1999 and ownership passed to a family trust, which has kept the strategy unchanged since: cautious lending, strong capital, minimal growth for its own sake. The result is one of the most stable, and most opaque, midsize banks in America, with $19.2 billion in assets and over 30 straight profitable years as of 2026.

Apple Bank has a clean regulatory record under current ownership, with no documented enforcement actions or failures. Its trust-based ownership structure periodically draws attention for its unusual form, but regulators have accepted it continuously since 1990.