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Hanover Bank


Overview / Commentary
hanoverbank.com
516-248-4868
2131 Jericho Turnpike
Garden City Park, NY 11040

Hanover Bank is headquartered in GARDEN CITY PARK and is the 35th largest bank in the state of New York. It is also the 517th largest bank in the nation. It was established in 2009 and as of December of 2023, it had grown to 175 employees at 9 locations. Hanover Bank has an A health rating.

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Reviews

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Health
A

Data as of Q4 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees175
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD7.19%
Annual Interest Income$113.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$2.27B$1.98B
LoansQ4 2023vs Q4 2022$1.95B$1.73B
DepositsQ4 2023vs Q4 2022$1.9B$1.52B
Equity CapitalQ4 2023vs Q4 2022$208.6MM$201.8MM
Loan Loss AllowanceQ4 2023vs Q4 2022$19.7MM$14.4MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$14MM$11.6MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates

Rates for Hanover Bank are currently being reviewed.

Locations


Hanover Bank Locations
Rockefeller Center Branch600 Fifth Ave, 17th FloorNew York, NY 10020
Chinatown Branch109 BoweryNew York, NY 10002
Mineola Branch80 East Jericho TurnpikeMineola, NY 11501
Sunset Park Branch5512 8th AveBrooklyn, NY 11220
Freehold Branch4400 Us Highway 9Freehold, NJ 07728
Forest Hills Branch71-15 Austin StreetForest Hills, NY 11375
Garden City Park Branch2131 Jericho TpkeGarden City Park, NY 11040
Flushing Branch138-29 39th AvenueFlushing, NY 11354

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