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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 49th largest bank in the state of New York. It is also the 720th largest bank in the nation. It was established in 2009 and as of December of 2021, it had grown to 139 employees at 7 locations. Hanover Bank has an A health rating.

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Health
A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees139
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.35%
Return on Equity - YTD13.06%
Annual Interest Income$55.8MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1.46B$876.9MM
LoansQ4 2021vs Q4 2020$1.27B$724.9MM
DepositsQ4 2021vs Q4 2020$1.18B$690.1MM
Equity CapitalQ4 2021vs Q4 2020$153.3MM$103.0MM
Loan Loss AllowanceQ4 2021vs Q4 2020$9.4MM$8.0MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$8.1MM$4.4MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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Hanover Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-36 Month CD
1.85%$500-24 Month CD
1.51%$500-60 Month CD
1.30%$500-18 Month CD
0.90%$500-12 Month CD
0.30%$500-6 Month CD
0.30%$500-15 Month CD

Hanover Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-36 Month IRA
1.85%$500-24 Month IRA
1.51%$500-60 Month IRA
1.30%$500-18 Month IRA
0.90%$500-12 Month IRA
0.30%$500-6 Month IRA
0.30%$500-15 Month IRA
Locations


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
Chinatown Federal Savings Bank Branc107-109 BoweryNew York, NY 10002
Rockefeller Center Branch600 5th AveNew York, NY 10020

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