Hanover Bank is headquartered in Garden City Park and is the 44th largest bank in the state of New York. It is also the 667th largest bank in the nation. It was established in 2009 and as of June of 2022, it had grown to 154 employees at 8 locations. Hanover Bank's money market rates are 11X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 58675 |
Year Established | 2009 |
Employees | 154 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.55% |
Return on Equity - YTD | 13.98% |
Annual Interest Income | $32.2MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $1.61B$1.54B |
Loans | Q2 2022vs Q2 2021 | $1.40B$1.29B |
Deposits | Q2 2022vs Q2 2021 | $1.35B$1.16B |
Equity Capital | Q2 2022vs Q2 2021 | $191.1MM$138.7MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $10.9MM$7.9MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $13.5MM$10.4MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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2.50%* | $100* | $5k | More YOU Savings | ||
OTHER TIERS: 0.10% → $5k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.65% | $1 | - | Money Market Deposit Account by Savebetter | |
4.00% | $5k | - | High Yield Personal Money Market | |
2.00% | $5k | - | Business High Yield Money Market |
Hanover Bank Locations | ||
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Rockefeller Center Branch | 600 Fifth Ave, 17th Floor | New York, NY 10020 |
Chinatown Branch | 109 Bowery | New York, NY 10002 |
Mineola Branch | 80 East Jericho Turnpike | Mineola, NY 11501 |
Sunset Park Branch | 5512 8th Ave | Brooklyn, NY 11220 |
Freehold Branch | 4400 Us Highway 9 | Freehold, NJ 07728 |
Forest Hills Branch | 71-15 Austin Street | Forest Hills, NY 11375 |
Garden City Park Branch | 2131 Jericho Tpke | Garden City Park, NY 11040 |
Flushing Branch | 138-29 39th Avenue | Flushing, NY 11354 |