2. Hanover Community Bank

Hanover Community Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.80%5-year CD60 Month CD
2.03% - National Average
1.15%SavingsStatement Savings
1.80% - American Express National Bank High Yield Savings AccountAdvertisement
0.85%Money MarketPersonal Money Market
1.80% - American Express National Bank High Yield Savings AccountAdvertisement
View all Hanover Community Bank rates »

Overview / Commentary
www.hanovercommunitybank.com
516-248-4868
2131 Jericho Turnpike
Garden City Park, NY 11040

Hanover Community Bank is headquartered in Garden City Park and is the 68th largest bank in the state of New York. It is also the 1,206th largest bank in the nation. It was established in 2009 and as of June of 2018, it had grown to 57 employees at 3 locations. Hanover Community Bank's money market rates are 5X the national average, and it boasts an A+ health rating.

Related Posts

Hanover Community Bank (NY) Ups VIP Personal Money Market - 8/24/2018

Hanover Community Bank (NYC metro area) has raised the rate on its VIP Personal Money Market to 2.00% APY on balances of $2.5k+. Min opening deposit is $2.5k.

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.

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Health
A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees57
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD11.05%
Annual Interest Income$13.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$602.5MM$479.1MM
LoansQ2 2018vs Q2 2017$523.2MM$389.4MM
DepositsQ2 2018vs Q2 2017$427.6MM$364.2MM
Equity CapitalQ2 2018vs Q2 2017$61.7MM$44.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$5.9MM$4.3MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$0$0
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*-$10kPremium Custodian Savings
OTHER TIERS: 1.00% → $10k+
1.25%-$250kRelationship Savings
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$2.5k-VIP Personal Money Market Special
1.30%$2.5k-Business VIP Money Market
0.85%*$50k*-Personal Money Market
OTHER TIERS: 0.50% → $1.5k - $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1k-Concierge Checking Special
0.15%$500-NOW Personal
0.15%$300-Senior Checking
0.15%$500-NOW Business

Hanover Community Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.80%$500-60 Month CD
2.50%$500-15 Month CD Special
2.45%$500-36 Month CD
2.40%$500-24 Month CD
2.35%$500-18 Month CD
2.30%$500-12 Month CD Special
1.75%$500-12 Month No Penalty CD Special
0.80%$500-6 Month CD
0.15%$500-3 Month CD
Locations


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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