Hanover Bank is headquartered in Garden City Park and is the 60th largest bank in the state of New York. It is also the 1,031st largest bank in the nation. It was established in 2009 and as of December of 2020, it had grown to 98 employees at 7 locations. Hanover Bank has an A health rating.
Overall | |
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FDIC Certificate # | 58675 |
Year Established | 2009 |
Employees | 98 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.64% |
Return on Equity - YTD | 6.03% |
Annual Interest Income | $39.2MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $876.9MM$861.6MM |
Loans | Q4 2020vs Q4 2019 | $724.9MM$716.1MM |
Deposits | Q4 2020vs Q4 2019 | $690.1MM$670.5MM |
Equity Capital | Q4 2020vs Q4 2019 | $103.0MM$87.3MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $8.0MM$7.1MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $4.4MM$1.1MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.30% | - | - | Custodian Savings | ||
0.20%* | $25k* | - | Business Savings | ||
OTHER TIERS: 0.05% → $500 - $10k | 0.15% → $10k - $25k | |||||
0.20% | - | $600k | Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | - | - | Total Checking Plus |
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
Hanover Bank Locations | ||
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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 | 138-29 39th Avenue | Flushing, NY 11354 |
8thavenue Branch | 5512 8th Ave | Brooklyn, NY 11220 |
Canal Street Branch | 172 Canal Street | New York, NY 10013 |
Chinatown Federal Savings Bank Branc | 107-109 Bowery | New York, NY 10002 |