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Lending

Sterling National Bank acquires Apple Mortgage

Expands mortgage operations into New York City

New York City
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Montebello, N.Y.,-based Sterling National Bank acquired the business of Apple Mortgage Corp., a residential mortgage broker based in New York City.

The entire Apple Mortgage team will be joining Sterling and will continue to be led by Eric Appelbaum, president of Apple Mortgage, in addition to staying in its current location for its clients and referral partners.

“The addition of the Apple Team will add a strong source of relationship-based mortgage production that will complement our existing residential mortgage business,” said Michael Bizenov, president of consumer banking for Sterling National Bank.

“At the same time, our financial strength combined with the variety of financial solutions we can offer, will allow the Apple Team to increase the level and breadth of service they can provide to their client base.”

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