The German Savings Bank was founded in 1859 and was originally housed in the
Cooper Union Building in the
East Village of Manhattan. The original name reflected the bank's clientele, the largely German population of the East Village. likely due to a wartime rise in
anti-German sentiment. Each savings bank in New York was limited to one location until 1923, when the state legislature passed a law allowing savings banks to construct branches. The Central Savings Bank's directors organized a special committee to determine the feasibility of opening a new branch, as well as possible sites for such a branch.
Development By July 1923, the bank's special committee had identified a site bounded by Broadway, Amsterdam Avenue, and 73rd and 74th Streets; bank president Hubert Cellis said it was "the choicest location on the West Side". In November 1923, the Central Savings Bank acquired the Sherman Apartments on the north side of 73rd Street, occupying the entire frontage between Broadway and Amsterdam Avenue, for the construction of an uptown bank branch. The bank paid James Butler and Peter McDonnell $1 million for the site. Meanwhile, Adolph Koppel had become the bank's new president and August Zinsser was appointed the vice president. The two men led a new-building committee, which released a detailed report of the new building in March 1926, including a banking room, which had been envisioned for three years. York and Sawyer created the designs for the new bank building, which the bank's directors approved. Zinsser became the bank's president and continued to oversee the development of the new building. York and Sawyer submitted plans for the bank building to the
New York City Department of Buildings in December 1926. Zinsser hired Spencer, White & Prentis, Inc. to clear the site and excavate
foundations in January 1927. The Central Savings Bank gave craftsmanship awards to 15 mechanics involved in the building's construction in March 1928. By that July, the National Park Bank had opened a branch in the building, and Wood, Dolson & Co. were renting out the completed upper floors as offices. The structure had a total estimated cost of $6.5 million.
1920s to 1970s The bank branch officially opened on December 8, 1928. Just prior to the building's opening, $170 million of deposits held by the Central Savings Bank were moved from the Union Square branch to the new branch, using 16
armored cars guarded by 60 heavily armed policemen. Early office tenants included real estate developer Ralph Ciluzzi, J.S. Ansorge & Co., and the Rosalind Realty Company. Many of the tenants were medical offices and dentists. The
Chase National Bank operated a branch on the 74th Street side of the building by 1943. The bank submitted plans for a minor alteration of the building to the
New York City Department of Buildings in 1947. Office tenants continued to occupy the Central Savings Bank Building, including the Atlantic District of the
Lutheran Church in America, real-estate developer Arturo A. Campagna, and real-estate firm Mark Rafalsky & Co. in the 1950s and 1960s. Upon the bank's centennial in 1959, the New York City government presented the building with a scroll in 1959, recognizing the bank's "service to local economic welfare" by teaching local students about "thrift". Also in 1959, the bank's basement was flooded when a water main in the adjacent
IRT Broadway–Seventh Avenue Line subway tunnel broke. A sign displaying the time and temperature was mounted onto the southern facade of the building in 1961. The
New York City Landmarks Preservation Commission (LPC) proposed designating the building's facade and the banking room's interior as landmarks in 1974. The LPC had gained the authority to grant interior landmark statuses the previous year, and the Central Savings Bank was the first bank interior that the LPC considered. However, bank officials were skeptical that the interior had architectural or historical significance. The Central Savings Bank Building's facade was designated as a landmark on January 28, 1975, along with the neighboring Verdi Square; the
New York City Board of Estimate ratified the designations that March.
1980s to present By the early 1980s, the Central Savings Bank was struggling financially and the Manhattan Savings Bank proposed taking over. At the time, the 2100 Broadway branch served as the Central Savings Bank's headquarters, and the bank had seven other locations in Manhattan and on
Long Island. In 1981, the Central Savings Bank was merged into the Harlem Savings Bank, which had eight locations in Manhattan and on Long Island. The Harlem Savings Bank retained headquarters at 205 East 42nd Street, and 2100 Broadway became a neighborhood branch. To reflect its geographic expansion, the bank changed its name to Apple Bank in May 1983. The time-and-temperature sign on the facade was temporarily removed so the bank's new name could be installed. with officials citing the building's importance as "Manhattan's only free-standing bank building". and a 1989 auction of artwork to fund protests against
Donald Trump's proposed development of the nearby
Trump City. With the closure or downsizing of bank branches in the late 20th century, the LPC proposed designating several major bank interiors in 1990, including the Apple Bank Building, the
Manufacturers Hanover Building, and the Greenwich Savings Bank Building. Apple Bank had retained the banking room's original design; in one case, the bank declined to place bulletproof glass on the tellers' counter because that would have required removing the wrought-iron screens. Even so, the LPC designated the banking room as an interior landmark on December 21, 1993. Apple Bank's sole owner
Stanley Stahl died in 1999, but the Stahl Organization retained an ownership interest in the bank's operation. In 2004, Apple Bank indicated that it would let the leases of the building's office tenants lapse. Condo sales launched in July 2006, with prices ranging from $1.8 million to $6.7 million. Two-fifths of the condos had gone into contract by the end of the year. and basketball player
Emeka Okafor, who bought a condo in 2013. The condominium conversion was completed in 2007, Meanwhile, the bank branch at the building's base remained in operation, even as the city's other massive banking rooms were converted into banquet halls or residential lobbies. == Reception ==