1. Banks
  2. Hanover Bank

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 62nd largest bank in the state of New York. It is also the 1,042nd largest bank in the nation. It was established in 2009 and as of September of 2020, it had grown to 94 employees at 7 locations. Hanover Bank has an A health rating.

Related Posts

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
A

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees94
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD5.58%
Annual Interest Income$29.7MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$851.6MM$848.8MM
LoansQ3 2020vs Q3 2019$717.2MM$713.3MM
DepositsQ3 2020vs Q3 2019$665.3MM$651.5MM
Equity CapitalQ3 2020vs Q3 2019$91.8MM$85.2MM
Loan Loss AllowanceQ3 2020vs Q3 2019$7.9MM$7.1MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.2MM$2.2MM
Real Estate OwnedQ3 2020vs Q3 2019$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Hanover Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hanover Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*-$10kCustodian Savings
OTHER TIERS: 0.20% → $10k - $600k
0.20%*$25k*-Business Savings
OTHER TIERS: 0.05% → $500 - $10k | 0.15% → $10k - $25k
0.20%-$600kStatement Savings

Hanover Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Personal Money Market
OTHER TIERS: 0.20% → $2.5k - $100k
0.30%*$100k*-Business Money Market
OTHER TIERS: 0.20% → $2.5k - $100k

Hanover Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Total Checking Plus

Hanover Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$500-12 Month CD
0.35%$500-6 Month CD
0.30%$500-18 Month CD
0.30%$500-24 Month CD
0.30%$500-36 Month CD
0.30%$500-60 Month CD
0.30%$500-15 Month CD

Hanover Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$500-6 Month IRA
0.35%$500-12 Month IRA
0.30%$500-15 Month IRA
0.30%$500-18 Month IRA
0.30%$500-24 Month IRA
0.30%$500-36 Month IRA
0.30%$500-60 Month IRA
Locations


Hanover Bank Locations
Hanover Community Bank2131 Jericho TurnpikeGarden City Park, NY 11040
Forest Hills Branch71-15 Austin StreetForest Hills, NY 11375
Mineola Branch Office80 Jericho TurnpikeMineola, NY 11501
Flushing Branch Office138-29 39th AvenueFlushing, NY 11354
8thavenue Branch5512 8th AveBrooklyn, NY 11220
Canal Street Branch172 Canal StreetNew York, NY 10013
Chinatown Federal Savings Bank Branc107-109 BoweryNew York, NY 10002

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.