Overview / Commentary
Hanover Bank is headquartered in Garden City Park and is the 64th largest bank in the state of New York. It is also the 1,143rd largest bank in the nation. It was established in 2009 and as of December of 2018, it had grown to 72 employees at 3 locations. Hanover Bank's money market rates are 5X the national average, and it boasts an A+ health rating.
Related Posts
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58675 |
| Year Established | 2009 |
| Employees | 72 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.28% |
| Return on Equity - YTD | 12.02% |
| Annual Interest Income | $29.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $651.5MM$541.2MM |
| Loans | Q4 2018vs Q4 2017 | $559.4MM$469.3MM |
| Deposits | Q4 2018vs Q4 2017 | $468.3MM$397.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $74.4MM$57.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $6.7MM$5.3MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $0$0 |
| Real Estate Owned | Q4 2018vs Q4 2017 | $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
Hanover Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.15%* | $100k* | - | Personal Money Market | ||
| OTHER TIERS: 2.00% → $2.5k - $100k | |||||
| 2.15%* | $100k* | - | Business Money Market | ||
| OTHER TIERS: 2.00% → $2.5k - $100k | |||||
Hanover Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $300 | - | Total Checking Plus |
Hanover Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.90% | $500 | - | 60 Month CD | |
| 2.85% | $500 | - | 36 Month CD | |
| 2.80% | $500 | - | 24 Month CD | |
| 2.75% | $500 | - | 18 Month CD | |
| 2.60% | $500 | - | 15 Month CD | |
| 2.55% | $500 | - | 12 Month CD | |
| 0.80% | $500 | - | 6 Month CD |
Hanover Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.90% | $500 | - | 60 Month IRA | |
| 2.85% | $500 | - | 36 Month IRA | |
| 2.80% | $500 | - | 24 Month IRA | |
| 2.75% | $500 | - | 18 Month IRA | |
| 2.60% | $500 | - | 15 Month IRA | |
| 2.55% | $500 | - | 12 Month IRA | |
| 0.80% | $500 | - | 6 Month IRA |
Locations
| Hanover Bank Locations | ||
|---|---|---|
| Hanover Community Bank | 2131 Jericho Turnpike | Garden City Park, NY 11040 |
| Forest Hills Branch | 71-15 Austin Street | Forest Hills, NY 11375 |
| Mineola Branch Office | 80 Jericho Turnpike | Mineola, NY 11501 |
| Flushing Branch Office | 138-35 39th Avenue | Flushing, NY 11354 |