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Hanover Community Bank

Popular Accounts at this Bank

1.15%SavingsStatement Savings
2.02%Children's SavingsPremium Custodian Savings
1.85%5-year CD60 Month CD

Overview / Commentary
2131 Jericho Turnpike
Garden City Park, NY 11040

Hanover Community Bank is headquartered in Garden City Park and is the 94th largest bank in the state of New York. It is also the 2,047th largest bank in the nation. It was established in 2009 and as of June of 2016, it had grown to 47 employees at 1 location. Hanover Community Bank's savings rates are 2X the national average, and it boasts an A+ health rating.

Related Posts

Hanover Community Bank Has 2 Holiday Savings Account Specials - 12/24/2015

Hanover Community Bank (Long Island) has 2 Holiday Savings Specials: Statement Savings (1.25% APY, up to $600K) and Premium Custodial Savings Account (2.02% APY up to $10K).

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Reviews (1)

1.15% Rate Is Not Correct For New Customers

Posted by: ASG | Jul 6, 2016

I visited the bank based on the rate from DepositAccounts.com. The rate of 1.15% is only available for existing customers with a statement savings account. Their website under the detail description for statement savings says "The Bank is currently not accepting any new accounts". If depositaccounts.com is helping new customers find the best rates, the rate should be removed or corrected.


Health Grade Components

FDIC Certificate #58675
Year Established2009
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD5.94%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$327.6MM$215.9MM
LoansQ2 2016vs Q2 2015$297.4MM$182.2MM
DepositsQ2 2016vs Q2 2015$264.7MM$188.7MM
Equity CapitalQ2 2016vs Q2 2015$31.5MM$26.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$3.0MM$2.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$0$0
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hanover Community Bank Savings Account Rates

2.02%*-$10kPremium Custodian Savings
OTHER TIERS: 1.00% $10k+
1.25%-$250kRelationship Savings
1.15%-$600kStatement Savings
1.00%--Custodian Savings
1.00%*$25k*-Business Savings
OTHER TIERS: 0.15% $500 - $10k | 0.35% $10k - $25k
1.00%-$600kSavings Plus
0.75%$500-Basic Savings

Hanover Community Bank Money Market Rates

0.85%*$50k*-Personal Money Market
OTHER TIERS: 0.50% $1,500 - $10k | 0.55% $10k - $25k | 0.80% $25k - $50k
0.40%*$100k*-Business Money Market
OTHER TIERS: 0.15% $5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k

Hanover Community Bank Checking Account Rates

0.15%$500-NOW Personal
0.15%$500-Senior Checking
0.15%$500-NOW Business

Hanover Community Bank CD Rates

1.85%$500-60 Month CD
1.50%$500-48 Month CD
1.40%$500-24 Month CD
1.40%$500-30 Month CD
1.40%$500-36 Month CD
1.25%$500-12 Month CD
1.25%$500-18 Month CD
1.25%$500-13 Month CD
1.25%$500-15 Month CD
0.65%$500-6 Month CD
0.15%$500-3 Month CD

Hanover Community Bank Locations
Hanover Community Bank2131 Jericho TurnpikeGarden City Park, NY 11040