Emigrant Bank in New York has received regulatory approval to sell branches to Apple Bank for Savings.

The New York State Department of Financial Services and the Federal Deposit Insurance Corp. have approved the sale of 29 branches to Apple Bank, which is based in Manhasset, N.Y.  The deal was announced in June, after Emigrant spent about six months shopping the branches to dozens of potential buyers.  The financial terms were not disclosed.

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