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2131 Jericho Turnpike
Garden City Park, NY 11040

Hanover Community Bank is headquartered in Garden City Park and is the 72nd largest bank in the state of New York. It is also the 1,324th largest bank in the nation. It was established in 2009 and as of December of 2017, it had grown to 56 employees at 3 locations. Hanover Community Bank's savings rates are 2X the national average, and it boasts an A+ health rating.

Related Posts

Hanover Community Bank (NY) Ups 18-Month CD APY - 11/9/2017

Hanover Community Bank (NYC metro area) has raised the rate on its 18-month CD (1.80% APY). The minimum deposit is $500, with no stated balance cap.

Hanover Community Bank (NYC) Offers Promo CD Rates - 9/6/2017

Hanover Community Bank (NYC metropolitan area) is offering a 15-month CD earning 1.70% APY. The minimum deposit is $500, with no stated balance cap.

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Health Grade Components

FDIC Certificate #58675
Year Established2009
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD4.2%
Annual Interest Income$20.2MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$541.2MM$380.9MM
LoansQ4 2017vs Q4 2016$469.3MM$317.1MM
DepositsQ4 2017vs Q4 2016$397.6MM$287.7MM
Equity CapitalQ4 2017vs Q4 2016$57.0MM$39.7MM
Loan Loss AllowanceQ4 2017vs Q4 2016$5.3MM$3.6MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$0$0
Real Estate OwnedQ4 2017vs Q4 2016$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.

Hanover Community Bank Savings Account Rates

2.02%*-$10kPremium Custodian Savings
OTHER TIERS: 1.00% $10k+
1.15%-$600kStatement Savings
1.00%--Custodian Savings
1.00%*$25k*-Business Savings
OTHER TIERS: 0.15% $500 - $10k | 0.35% $10k - $25k
1.00%-$600kSavings Plus
0.75%--Basic Savings

Hanover Community Bank Money Market Rates

1.75%$2,500-VIP Personal Money Market
1.30%$2,500-Business VIP Money Market
0.85%*$50k*-Personal Money Market
OTHER TIERS: 0.50% $1,500 - $10k | 0.55% $10k - $25k | 0.80% $25k - $50k
0.40%*$100k*-Business Money Market
OTHER TIERS: 0.15% $5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k

Hanover Community Bank Checking Account Rates

1.20%$1k-Concierge Checking Special
0.15%$500-NOW Personal
0.15%$300-Senior Checking
0.15%$500-NOW Business

Hanover Community Bank CD Rates

2.75%$500-60 Month CD
2.50%$500-29 Month CD Special
2.25%$500-25 Month CD
2.15%$500-48 Month CD
2.15%$500-15 Month CD Special
2.10%$500-36 Month CD
1.85%$500-24 Month CD
1.85%$500-30 Month CD
1.80%$500-18 Month CD
1.75%$500-12 Month No Penalty CD Special
1.30%$500-13 Month CD
1.25%$500-12 Month CD
0.80%$500-6 Month CD
0.15%$500-3 Month CD

Hanover Community 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

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