Apple Bank expands beyond Big Apple; plans to open branch in Englewood

Englewood will soon have a branch of Apple Bank opening in the Palisades Court Shopping Center across the street from ShopRite, according to a Wednesday announcement from the New York-based financial company.

Slated to open early in the fourth quarter of 2022, Apple Bank recently received approval from the FDIC, the New York State Department of Financial Services and the New Jersey Department of Banking and Insurance to expand its retail banking branch network into Englewood.

Apple Bank said it is looking to form a deeper connection with those who live in New Jersey and work in New York by providing them with local banking opportunities. It has built long-term relationships by providing affordable, reliable banking products and exceptional personal service in the neighborhoods it serves. Adding locations in New Jersey is a natural extension of the bank’s branch footprint and allows it to better serve New Jersey residents who work in New York and bank with Apple Bank.

“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. We are pleased that the regulators have granted us approval to proceed with our plans,” Steven Bush, chairman, CEO and president, stated.

Adding locations in New Jersey will also allow the bank to form new connections with longtime residents of the Garden State. Apple Bank currently offers its online “Simple Savings” account to residents of New Jersey and is excited about offering 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. We are confident our customers, both current and future, will find this an added convenience,” James Matera, executive vice president and chief retail banking officer at Apple Bank, added.

The branch will be located at 33 Nathaniel Place in Englewood.