Hanover Bank

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

Hanover Bank is headquartered in Garden City Park and is the 60th largest bank in the state of New York. It is also the 1,057th largest bank in the nation. It was established in 2009 and as of March of 2021, it had grown to 99 employees at 7 locations. Hanover Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #58675
Year Established2009
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD8.87%
Annual Interest Income$9.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$890.4MM$895.6MM
LoansQ1 2021vs Q1 2020$756.3MM$686.7MM
DepositsQ1 2021vs Q1 2020$720.0MM$718.0MM
Equity CapitalQ1 2021vs Q1 2020$105.4MM$88.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$8.2MM$7.8MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$9.7MM$2.0MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
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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

0.30%--Custodian Savings
0.20%*$25k*-Business Savings
OTHER TIERS: 0.05% $500 - $10k | 0.15% $10k - $25k
0.20%-$600kStatement Savings

Hanover Bank Money Market Rates

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

0.05%--Total Checking Plus

Hanover Bank CD Rates

0.30%$500-12 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%$500-6 Month CD
0.30%$500-15 Month CD

Hanover Bank IRA Rates

0.30%$500-6 Month IRA
0.30%$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

Hanover Bank Locations
Hanover Community Bank2131 Jericho TpkeGarden 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
Rockefeller Center Branch600 5th AveNew York, NY 10020

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