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In the 1970s and early 1980s, the bank continued to expand into the suburbs outside New York City. To reflect its geographic expansion, the bank changed its name to Apple Bank in May 1983. [7] In 1985, the bank converted from a mutual savings bank to a public company, selling 4.6 million shares for $53.5 million in an initial public offering. [1]
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The Apple Bank Condo development is on the upper floors of the building. In 2006, the seven upper stories were converted into a residential condominium development known as Apple Bank Condo. [17] [18] The residential section of the building is accessed by its own entrance at 2112 Broadway, with a concierge area designed by Beyer Blinder Belle.
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Apple FCU has expanded its field of operations beyond its original common bond charter several times through the absorption of other credit unions. In 2011, a Prince William County community charter was added through a merger with Synergy One Federal Credit Union ( Manassas, VA ). [ 6 ]
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