Hanover Bank

Hanover Bank is a community bank based in New York, established in 2009. It has expanded significantly through strategic acquisitions, including the former Savoy Bank branches in 2021. The bank operates nine branch locations across Long Island and New York City, providing a full range of commercial and personal banking products and services. These offerings include deposit accounts, commercial loans, and Small Business Administration (SBA) loan products, catering to both individual customers and businesses. Under the leadership of Chairman and CEO Michael Puorro, Hanover Bank has become one of New York’s fastest-growing community banks. The bank successfully completed an Initial Public Offering (IPO) in May 2022 and is listed on the NASDAQ Global Select Market under the symbol HNVR. Hanover Bank is recognized for its strong financial performance, including increased equity and a consistent track record of profitability, positioning it as a competitive regional financial institution in the New York metropolitan area.