Apple Bank for Savings in Manhasset, N.Y., said Thursday that Chief Operating Officer Steven Bush is taking over as chairman, president and CEO from Alan Shamoon, who is retiring.
The promotion of Bush, who joined Apple Bank in 1992 after working for Chemical Bank, took effect on April 1.
Shamoon, another Chemical veteran, joined Apple in 1991 and has been chairman, president and CEO since 1994.
The privately held Apple Bank has assets of $13 billion. Its roughly 80 branches are in the five New York City boroughs, on Long Island and in Westchester County, N.Y.