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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 38th largest bank in the state of New York. It is also the 552nd largest bank in the nation. It was established in 2009 and as of March of 2023, it had grown to 169 employees at 8 locations. Hanover Bank's money market rates are 9X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees169
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD6.98%
Annual Interest Income$25.1MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$2.07B$1.48B
LoansQ1 2023vs Q1 2022$1.77B$1.28B
DepositsQ1 2023vs Q1 2022$1.71B$1.23B
Equity CapitalQ1 2023vs Q1 2022$204.4MM$159.5MM
Loan Loss AllowanceQ1 2023vs Q1 2022$14.9MM$9.9MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$10.8MM$11.4MM
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$5k*-More YOU Savings
OTHER TIERS: 0.10% → $100 - $5k

Hanover Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$5k-High Yield Personal Money Market
2.00%$5k-Business High Yield Money Market

Hanover Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.35%$500-12 Month CD
5.35%$500-Business 12 Month CD
5.25%$500-18 Month CD
5.25%$500-Business 18 Month CD
5.20%$500-8 Month CD
5.20%$500-Business 8 Month CD
5.15%$500-6 Month CD
5.15%$500-Business 6 Month CD
5.10%$500-13 Month CD
5.10%$500-Business 13 Month CD
4.75%$500-3 Month CD
4.75%$500-Business 3 Month CD
4.60%$500-15 Month CD
4.60%$500-Business 15 Month CD
4.00%$500-24 Month CD
4.00%$500-Business 24 Month CD
3.00%$500-36 Month CD
3.00%$500-60 Month CD
3.00%$500-Business 36 Month CD
3.00%$500-Business 60 Month CD
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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