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Apple Bank For Savings Business Information, Profile, and History

122 East 42nd Street
New York, New York 10017
U.S.A.

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History of Apple Bank For Savings

Apple Bank for Savings is a state-chartered savings bank that is the fifth largest of its kind in the state of New York. It offers the usual retail products and services to its customers in the metropolitan New York City area and continues its traditional emphasis on mortgage lending for home residences and to finance multifamily buildings as well.

Harlem Savings Bank: 1863-1983

Originally a Dutch farming settlement, Harlem was still only a village in northern Manhattan in 1863, when a group of local merchants opened a community-based mutual savings bank: that is, a bank owned by its own depositors. The Harlem Savings Bank began its existence at a small storefront location at 1948 Third Avenue, between East 125th and 126th streets. In 1869 it moved to a building of its own construction at Third Avenue and East 124th Street. By mid-1876 the bank had 5,074 depositors. Harlem Savings Bank was a midsized Manhattan savings bank at the beginning of 1900, with 32,108 accounts and deposits of $9.2 million. In 1908 it completed, at a cost of $350,000, a larger building on 125th Street--Harlem's main street--just west of Lexington Avenue. Although seemingly sound, the bank experienced panic withdrawals in 1900 and 1907. No depositor was shortchanged, yet lines ran for blocks as customers feared that the bank might fail in the wake of the demise of less stable thrift institutions.

Harlem became part of New York City in 1873. The imminent arrival of three elevated railway lines soon set off a boom in which speculators bought and resold land to builders--financed by commercial banks, thrift institutions, and insurance companies--who put up brownstones, tenements, and apartment houses. Immigrant Jews prosperous enough to escape the Lower East Side began moving into central Harlem in the 1890s, while immigrant Italians settled in adjacent East Harlem. But excessive construction led to a collapse of real estate values in 1904-05. Financial institutions ceased to make loans to Harlem speculators and building loan companies. Many foreclosed on their mortgages. Realtors found a new market in the rapidly expanding African American population, and whites began moving out of the area. Harlem was by far the largest African American neighborhood in the United States by the end of the 1920s, when Harlem Savings Bank ranked 22nd in size among U.S. mutual savings banks. It weathered the Great Depression without incident and, on the last day of 1932, during the depths of the economic crisis, absorbed the Commonwealth Savings Bank, which had two offices in the Washington Heights neighborhood north of West Harlem. This acquisition brought its totals to 101,052 accounts and $84.82 million in deposits at the end of 1933.

Harlem Savings Bank was active in foreclosure auction sales during the 1930s. The properties were typically four- or five-story walk-up tenements in northern Manhattan and the Bronx. One exception was its 1937 foreclosure of the 15-story Hotel Emerson on the Upper West Side, which it quickly resold. Harlem Savings Bank also held a $600,000 mortgage on Sydenham Hospital in 1950, when the financially strapped Harlem institution was taken over by the city.

Harlem Savings Bank opened branches in the Washington Heights and Inwood neighborhoods of northern Manhattan in 1939 and 1940, respectively. By 1958 it also had a branch on East 42nd Street in midtown Manhattan. The post-World War II exodus of the middle class to the suburbs impelled the bank to reach out to other parts of the metropolitan area. It opened a branch in Manhasset, Long Island, in 1966 and moved its headquarters from Harlem to the 42nd Street branch by 1968. During the 1970s it added a branch on the flourishing Upper East Side, at 81st Street and First Avenue. By contrast, although the Harlem branch still had some 10,000 accounts in 1978, more money was being withdrawn than deposited. During the energy crisis of the early 1970s many residential property owners in northern Manhattan and the Bronx found their unregulated maintenance costs outstripping their regulated rental collections and simply abandoned their tenements rather than pay their bills, leaving Harlem Savings Bank holding nonperforming assets. Over the next few years, the bank amortized the bad mortgage loans, built up its capital, and accumulated cash.

On the one hand, Harlem, Washington Heights, and Inwood activists and politicians charged financial institutions that had served their communities with redlining: labeling low-income and minority neighborhoods as bad risks for loans and declining to issue mortgages in these areas. As late as 1993 Ralph Nader's public interest group accused the bank and four other mortgage lenders in the city with racial redlining--in effect drawing a no-loan red line around areas with a minority population of 75 percent or more. On the other hand, the Harlem Savings Bank's very name had the power to provoke racial hostility. When the bank was building a branch in Massapequa, Long Island, in 1978, the plate-glass windows had to be replaced seven times after they were shattered by bricks. The message, concluded Jerome McDougal, chairman and chief executive of the bank, in an article for Across the Board, "was that the name Harlem Savings Bank was unwelcome in the suburbs, where it was unfairly associated with drugs, crime, and general deterioration." Although Harlem had an investment in its existing name, it was the smallest savings bank still headquartered in Manhattan and, according to McDougal, "demographic studies of our own depositors [indicated] that we would be a dead institution by the year 2000, when most of our customers would have passed away."

The name change to Apple Bank for Savings--evoking New York City's reputation as "The Big Apple"--was suggested by a small consulting firm, Selame Design, and championed by McDougal, who pushed it through in 1983 despite some feeling that the name was not dignified compared to the names of other banking companies and would be a liability in seeking large corporate accounts. However, the institution saw its future as a retail bank with younger customers and new, deregulated financial services. Selame Design developed the new logo, a bright red apple with a brown stem and green leaf, and a slogan: "We're good for you." Within the first month of the name change, Apple Bank gained 4,943 new accounts--three times the normal rate--and $116 million in deposits, compared to a loss of $26 million during the corresponding period in 1982.

Expanding in the 1980s

The high inflation of the 1970s and early 1980s caused great strain among thrift institutions, which typically had put their money in mortgages and long-term bonds yielding lower interest rates than those they now had to pay out in order to retain their depositors. But Harlem Savings Bank--soon to be Apple--was in better financial shape than many of the other 36 savings banks in New York City. It ranked 25th, with nine branches--including two on Long Island--146,000 depositors, and $843 million in assets, when, in December 1981, the Federal Deposit Insurance Corp. (FDIC) provided about $160 million so that it could acquire larger but deficit-ridden Central Savings Bank. Harlem thereby gained seven more branches, including three on Long Island (and a landmarked bank building on Manhattan's Upper West Side that resembled a Florentine palazzo).

Two years after changing its name, Apple Bank converted from a mutual savings bank to a stock-issuing public institution, selling 4.6 million shares for a total of $53.5 million. The following year, it acquired Eastern Savings Bank of Scarsdale, New York, which was operating three or four branches in the Bronx, two on Long Island, and two in Westchester County, north of the city. It added a branch in the Westchester County seat of White Plains in 1987. Apple Bank now ranked 17th among the New York metropolitan area's thrift institutions, with assets of $2.7 billion.

Apple Bank began deviating in the 1980s from the traditional role of savings bank: conservative investments in residential mortgages, corporate bonds, and Treasury investments. Commercial loans, virtually zero in 1985, rose to $313.5 million in 1988--10.5 percent of its loan portfolio. Many of these loans were made to small and midsized businesses on Long Island, where Apple had nine of its 28 branches. In 1989 the bank added five more retail offices on Long Island when it acquired Sag Harbor Savings Bank for $29.5 million. Cooperative-apartment loans also grew rapidly, reaching $385.2 million, and credit card loans reached $67.9 million.

Apple Bank also established a foreign-trade desk to provide letters of credit, document clearing, and currency transactions for customers doing business abroad, and an acceptance corporation to offer loans, through a network of dealers and service companies, for the purchase of automobiles and recreational vehicles; the leasing of cars, boats, and equipment, and shelter-product loans. This unit, Apple Acceptance Corp., also offered various commercial products to the dealers, such as floor-plan financing, dealership mortgages, and working capital loans. For the retail client, a customer-service initiative included the training of both frontline and support personnel. Members of a family program were assigned to a personal family banker and were offered free checking, reduced rates on loans, rebates on credit card interest charges, and refunds on mortgage application fees, plus assistance from a team of experts with regard to savings, investment, credit, and life insurance.

Retrenchment in the 1990s

Stanley Stahl, a prominent New York City real estate investor and for years Apple Bank's largest depositor and leading customer, began buying the bank's stock in 1986 and had bought enough shares by the spring of 1989 to hold a 15 percent stake in the company. Over the next six months he doubled his stake. Apple's alarmed management, fearing a takeover,

Related information about Apple

A small deciduous tree; flowers white or pinkish, in clusters, appearing with the oval leaves; fruit a swollen, fleshy receptacle (or pome), containing a core, which is the real fruit. Crab apples are wild species native to N temperate regions with smooth leaves and small, sour fruits. All eating and cooking apples - over 1000 cultivars - belong to the cultivated apple of gardens and orchards (Malus domestica), a complex hybrid probably derived from several wild species of crab apple, and which has leaves woolly beneath and large sweet fruits. (Genus: Malus, 35 species. Family: Rosaceae.)

The apple is a tree and its pomaceous fruit, of the species Malus domestica in the rose family Rosaceae. The leaves are alternately arranged, simple oval with an acute tip and serrated margin, slightly downy below, 5-12 cm long and 3-6 cm broad on a 2-5 cm petiole. The flowers are produced in spring with the leaves, white, usually tinged pink at first, 2.5-3.5 cm diameter, with five petals. This tree is still found wild in the mountains of Central Asia in southern Kazakhstan, Kyrgyzstan, Tajikistan, and Xinjiang, China.

For many years, there was a debate about whether M. sieversii, recently planted by the US government at a research facility, resist many diseases and pests that affect domestic apples, and are the subject of continuing research to develop new disease-resistant apples.

Other species that were previously thought to have made contributions to the genome of the domestic apples are Malus baccata and Malus sylvestris, but there is no hard evidence for this in older apple cultivars. To a greater degree than other tree fruit, except possibly citrus, apples store for months while still retaining much of their nutritive value. Winter apples, picked in late autumn and stored just above freezing, have been an important food in Asia and Europe for millennia, as well as in Argentina and in the United States since the arrival of Europeans.

The word apple comes from the Old English word aeppel, which in turn has recognisable cognates in a number of the northern branches of the Indo-European language family. the name of the town of Avellino, near Naples in Italy is likewise thought to come from the same root via the Italic languages.

Linnaeus assigned the apple to the genus Pyrus, along with pears and quinces.

Apple cultivars

See List of apple cultivars for a listing.

There are more than 7,500 known cultivars of apples. Different cultivars are available for temperate and subtropical climates. Other desired qualities in modern commercial apple breeding are a colourful skin, absence of russeting, ease of shipping, lengthy storage ability, high yields, disease resistance, typical 'Red Delicious' apple shape, long stem (to allow pesticides to penetrate the top of the fruit), and popular flavour. apple conservation campaigns have sprung up around the world to preserve such local cultivars from extinction.

Although most cultivars are bred for eating fresh (dessert apples), some are cultivated specifically for cooking (cooking apples) or producing cider. Cider apples are typically too tart and astringent to eat fresh, but they give the beverage a rich flavour that dessert apples cannot.

Modern apples are, as a rule, sweeter than older cultivars. Most North Americans and Europeans favour sweet, subacid apples, but tart apples have a strong minority following. As an example, the U.S. state of Washington made its reputation for apple growing on Red Delicious. In recent years, many apple connoisseurs have come to regard the Red Delicious as inferior to cultivars such as Fuji and Gala due to its merely mild flavour and insufficiently firm texture.

Growing apples

Apple breeding

Like most perennial fruits, apples are ordinarily propagated asexually by grafting. Apples can also form bud sports (mutations on a single branch). Some differ sufficiently from the parent tree to be considered new cultivars.

Some breeders have crossed ordinary apples with crabapples or unusually hardy apples in order to produce hardier cultivars. For example, the Excelsior Experiment Station of the University of Minnesota has, since the 1930s, introduced a steady progression of important hardy apples that are widely grown, both commercially and by backyard orchardists, throughout Minnesota and Wisconsin. Its most important introductions have included 'Haralson' (which is the most widely cultivated apple in Minnesota), 'Wealthy', 'Honeygold', and 'Honeycrisp'. These small trees are usually purchased from a nursery where they are produced by grafting or budding. Then, a small section of branch called a scion is obtained from a mature apple tree of the desired cultivar. Full dwarf trees are often supported of posts or trellises and planted in high density orchards which are much simpler to culture and greatly increase productivity per unit of land.

Some trees are produced with a dwarfing "interstem" between a standard rootstock and the tree, resulting in two grafts.

After the small tree is planted in the orchard, it must grow for 3-5 years (semi-dwarf) or 4-10 years (standard trees) before it will bear sizeable amounts of fruit.

Location

Apples are relatively indifferent to soil conditions and will grow in a wide range of pH values and fertility levels.

Pollination

Apples are self-incompatible and must be cross-pollinated to develop fruit. Before planting, it is important to arrange for pollenizers, cultivars of apple or crab apple that provide plentiful, viable and compatible pollen. Home growers with a single tree, and no other cultivars in the neighbourhood can do the same on a smaller scale.

During the flowering each season, apple growers usually provide pollinators to carry the pollen. Some wild bees such as carpenter bees and other solitary bees may help. Bumble bee queens are sometimes present in orchards, but not usually in enough quantity to be significant pollinators.

Symptoms of inadequate pollination are excessive fruit drop (when marble sized), small and misshapen apples, slowness to ripen, and low seed count. If the pistil has turned black, the flower is ruined and will not produce fruit.

Growing apples near a body of water can give an advantage by slowing spring warm up, which retards flowering until frost is less likely. In some areas of the USA, such as the eastern shore of Lake Michigan, the southern shore of Lake Ontario, and around some smaller lakes, this cooling effect of water, combined with good, well-drained soils, has made apple growing concentrations possible.

Pests and diseases

The trees are susceptible to a number of fungal and bacterial diseases and insect pests. A trend in orchard management is the use of Integrated Pest Management (IPM), which reduces needless spraying when pests are not present, or more likely, are being controlled by natural predators.

Spraying for insect pests must never be done during flowering because it kills pollinators. White clover is a component of many grass seed mixes, and many bees are poisoned by insecticides while visiting the flowers on the orchard floor.

Among the most serious disease problems are fireblight, a bacterial disease; and Gymnosporangium rust, apple scab, and black spot, three fungal diseases.

The plum curculio is the most serious insect pest. Others include Apple maggot and codling moth. For other Lepidoptera larvae which feed on apple trees, see List of Lepidoptera which feed on Malus. The latest tool in the organic repertoire is to spray a light coating of kaolin clay, which forms a physical barrier to some pests, and also helps prevent apple sun scald.

Commerce and uses

45 million tonnes of apples were grown worldwide in 2002, with a value of about 10 billion USD. France, Italy, South Africa and Chile are among the leading apple exporters.

In the United States, more than 60% of all the apples sold commercially are grown in Washington state. Imported apples from New Zealand and other more temperate areas are competing with US production and increasing each year.

Apples can be canned, juiced, and optionally fermented to produce apple juice, cider, vinegar, and pectin. Distilled apple cider produces the spirits applejack and Calvados. They make a popular lunchbox fruit as well.

Apples are an important ingredient in many winter desserts, for example apple pie, apple crumble, apple crisp and apple cake. They are often eaten baked or stewed, and they can also be dried and eaten or re-constituted (soaked in water, alcohol or some other liquid) for later use. Pur辿ed apples are generally known as apple sauce. Apples are also made into apple butter and apple jelly. They are also used cooked in meat dishes.

In the UK, a toffee apple is a traditional confection made by coating an apple in hot toffee and allowing it to cool. Similar treats in the US are candy apples (coated in a hard shell of crystallised sugar syrup), and caramel apples, coated with cooled caramel.
Apples are eaten with honey at the Jewish New Year of Rosh Hashanah to symbolise a sweet new year.
Apples are historically known for producing apple milk. A derivative of apple curd, apple milk is widely used throughout Tibet.

Health benefits

An old proverb attests to the health benefits of the fruit: "An apple a day keeps the doctor away." Research citation needed suggests that apples may reduce the risk of colon cancer, prostate cancer and lung cancer. Like many fruits, Apples contain Vitamin C as well as a host of other antioxidant compounds, which may reduce the risk of cancer by preventing DNA damage. They may also help with heart disease, weight loss and controlling cholesterol, as they do not have any cholesterol, have fibre (which reduces cholesterol by preventing reabsorption), and are bulky for their caloric content like most fruits and vegetables.

A group of chemicals in apples could protect the brain from the type of damage that triggers such neurodegenerative diseases as Alzheimer's and Parkinsonism. "Cy" Lee of the Cornell University found that the apple phenolics, which are naturally occurring antioxidants found in fresh apples, can protect nerve cells from neurotoxicity induced by oxidative stress. The researchers used red delicious apples from New York State to provide the extracts to study the effects of phytochemicals. Lee said that all apples are high in the critical phytonutrients and that the amount of phenolic compounds in the apple flesh and in the skin vary from year to year, season to season and from growing region to growing region (November/December 2004 issue of the Journal of Food Science). The predominant phenolic phytochemicals in apples are quercetin, epicatechin, and procyanidin B2 (PMID 14558772).

The seeds are mildly poisonous, containing a small amount of amygdalin, a cyanogenic glycoside, but a large amount would need to be chewed to have any toxic effect .

Pesticide contamination is linked to an increasing number of diseases, and they are mostly found on the outside of fruits and vegetables.

Cultural aspects

Apples as symbols

Apples appear in many religious traditions, often as a mystical and forbidden fruit. Though the forbidden fruit in the book of Genesis is not identified, popular European Christian tradition has held that it was an apple that Eve coaxed Adam to share with her. In Latin, the words for "apple" and for "evil" are similar ("malus" - apple, "malum" - evil). This may be the reason that the apple was interpreted as the biblical "forbidden fruit". The larynx in the human throat has been called Adam's apple because of a notion that it was caused by the forbidden fruit sticking in the throat of Adam.

This notion of the apple as a symbol of sin is reflected in artistic renderings of the fall from Eden. in the New Testament it is an emblem of the redemption from that fall, and as such is also represented in pictures of the Madonna and Infant Jesus.

There is one instance in the Old Testament where the apple is used in a more favourable light. In Proverbs 25:11, the verse states, "a word fitly spoken is like apples of gold in settings of silver".

Apples in mythology

The Greek hero Heracles, as a part of his Twelve Labours, was required to travel to the Garden of the Hesperides and pick the golden apples off the Tree of Life growing at its center.

The Greek goddess of discord, Eris, became disgruntled after she was excluded from the wedding of Peleus and Thetis. Three goddesses claimed the apple: Hera, Athena, and Aphrodite. Paris of Troy was appointed to select the recipient. After being bribed by both Hera and Athena, Aphrodite tempted him with the most beautiful woman in the world, Helen of Sparta. He awarded the apple to Aphrodite, thus indirectly causing the Trojan War.

Atalanta, also of Greek mythology, raced all her suitors in an attempt to avoid marriage. It took all three apples and all of his speed, but Hippomenes was finally successful, winning the race and Atalanta's hand.

In Norse mythology, the goddess Iðunn was the appointed keeper of apples that kept the Æsir young forever. Iðunn was abducted by Þjazi the giant, who used Loki to lure Iðunn and her apples out of Ásgarðr. With the return of Iðunn?s apples, the Æsir regained their lost youth.

Celtic mythology includes a story about Conle who receives an apple which feeds him for a year but also gives him an irresistible desire for Fairyland.citation needed

Legends, folklore, and traditions

Swiss folklore holds that William Tell courageously shot an apple from his son's head with his crossbow, defying a tyrannical ruler and bringing freedom to his people.
Irish folklore claims that if an apple is peeled into one continuous ribbon and thrown behind a woman's shoulder, it will land in the shape of the future husband's initials.
Danish folklore says that apples wither around adulterers.citation needed
Apples are said to increase a woman's chances of conception as well as remove birthmarks when rubbed on the skin.citation needed
According to a popular legend, Isaac Newton, upon witnessing an apple fall from its tree, was inspired to conclude that a similar 'universal gravitation' attracted the moon toward the Earth as well (this legend is discussed in more detail in the article on Isaac Newton).
In the European fairy tale Snow White, the princess is killed, or sunk into a kind of coma with the appearance of death, by choking on a poisoned apple given to her by her stepmother.
In Arthurian legend, the mythical isle of Avalon?s name is believed to mean "isle of apples".
In some places, bobbing for apples is a traditional Halloween activity.citation needed
In the United States, Denmark and Sweden, an apple (polished) is a traditional gift for a teacher. As wages increased, the quantity of apples was toned down to a single fruit.
The Apple Wassail is a traditional form of wassailing practiced in cider orchards of southwest England during the winter. The ceremony is said to "bless" the apple trees to produce a good crop in the forthcoming season.
In Ancient Greece, a man throwing an apple to a woman was a proposal of marriage. Catching it meant she accepted citation needed.

Apple facts

The ancient Kazakh city of Almaty, 'Father of Apples' (Turkic language alma, apple, + ata, father), owes its name to the forests of wild apples (Malus sieversii) found naturally in the area.
The apple blossom is the state flower of Arkansas and Michigan.
The name of the Russian party Yabloko means "apple".
Apple Corps (including Apple Records) and Apple Computer have also adopted the apple for their companies.
The 'fruit-bearing tree' referred to by Tacitus in his description of Norse runic divination may have been the apple.
Johnny Appleseed was an American pioneer orchardist; he earned his name by planting apple trees across large swaths of Ohio, Indiana, and Illinois.
One of the youngest apple varieties is Aurora Golden Gala (2003) , a sweet yellow Canadian apple; while one of the oldest apples in the United States may be the Roxbury Russet (1640) .
Cary Fowler, executive secretary of the Global Crop Diversity Trust, said in a statement:

"At the end of the 1800s, 7,000 named apple varieties were grown in the United States.

References

Chronology

Key Dates:
1863: Founding of Harlem Savings Bank in the northern Manhattan community of Harlem.
1932: Harlem Savings acquires Community Savings Bank, adding two branches.
1966: The bank expands to the suburbs, opening a Long Island branch.
1981: Harlem Savings acquires the troubled Central Savings Bank.
1983: Harlem Savings Bank changes its name to the Apple Bank for Savings.
1985: Apple Bank converts to a public stockholding savings bank.
1990: Stanley Stahl acquires Apple and converts it to a privately held bank.
1992: Apple Bank withdraws from commercial lending after serious losses. adopted a "poison-pill" defense in November 1989 that was intended to make it ruinous for Stahl to buy more stock. Stahl had once been good friends with McDougal, but in March 1990 he attempted a hostile takeover of the bank, offering $38 a share for another 46 percent of the stock. Since the book value of the bank was more than $56 a share, management thought it could block Stahl, but share prices dropped in the summer of 1990 as a national economic recession took hold. Stahl won the bank in October 1990, converted it into a private company, fired McDougal, and moved headquarters to the high-rise office building he owned at 277 Park Avenue.
Under the new chief executive, William J. Laraia, Apple Bank reduced its commercial and industrial lending portfolio from $422.7 million at the end of 1990 to $232.4 million in mid-1992. "Commercial lending is a business that thrifts have not been in, and we didn't have the critical mass," Laraia explained to Robert McNatt of Crain's New York Business. "In keeping with Mr. Stahl's business philosophy, we focused attention and capital resources on the activities the bank knew well and in which it could prudently grow." The bank also sold Apple Acceptance Corp. and decided to stop issuing credit card loans. Apple was now primarily in the business of financing real estate, with a special emphasis on commercial real estate and multifamily housing. Its residential mortgage portfolio remained sound despite the recession, with 14 of its 33 branches forming the heart of Apple's home-lending activities. The commercial portfolio had been weakened by the bad economy, however; some $200 million of the $1 billion on its books in commercial real estate was in bad loans and repossessed real estate.
Apple Bank lost $49.4 million in 1991 but was profitable in 1992 after cutting operating expenses by one-fifth, reducing staff by one-third, and installing more rigorous credit controls. By late 1993 it had reduced its nonperforming loans to about 3.5 percent of total assets and was seeking to increase its number of mortgage loans. "We're considering introducing satellite mortgage offices, possibly six in the coming year," Alan Shamoon, the bank president, told Miriam Leuchter of Crain's New York Business. "We also haven't fully exploited bringing in residential products through correspondents, such as brokers and lawyers." The bank's total assets reached $4.47 billion and its net income, $56.2 million. Shamoon succeeded Laraia as chief executive in 1994.
By 1997 banks in New York City were loosening their purse strings in a hot real estate market, offering innovative mortgage-loan packages, some of which, like combining a mortgage with a home equity loan, allowed lower down payments than the usual 20 percent. Brokers mentioned Dime Savings Bank and the Apple Bank of Savings as especially active in the mortgage market. In the worst case--if the buyer could not repay the loan--lenders like Apple were confident that they could recover their investment because residences were selling so well.
At the end of 2002 Apple Bank for Savings had $5.93 billion in assets, $5.2 billion in deposits, and net income of $58 million for the year. Of the bank's 47 branches, 31 were in New York City: 12 in Manhattan, 13 in Brooklyn, four in the Bronx, and two in Queens. There were another 14 on Long Island, and two in Westchester County, including the former Eastern Savings headquarters in Scarsdale, now also the site of the bank's data center.

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