Hanover Bank


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

Hanover Bank is headquartered in GARDEN CITY PARK and is the 34th largest bank in the state of New York. It is also the 509th largest bank in the nation. It was established in 2009 and as of March of 2024, it had grown to 178 employees at 9 locations. Hanover Bank has an A health rating.

Reviews

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Health

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees178
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD8.25%
Annual Interest Income$32.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.31B$2.07B
LoansQ1 2024vs Q1 2023$1.99B$1.77B
DepositsQ1 2024vs Q1 2023$1.92B$1.71B
Equity CapitalQ1 2024vs Q1 2023$213.3MM$204.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$19.9MM$14.9MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$17.5MM$10.8MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates

Rates for Hanover Bank are currently being reviewed.

Locations


Hanover Bank Locations
Rockefeller Center Branch600 Fifth Ave, 17th FloorNew York, NY 10020
Chinatown Branch109 BoweryNew York, NY 10002
Mineola Branch80 East Jericho TurnpikeMineola, NY 11501
Sunset Park Branch5512 8th AveBrooklyn, NY 11220
Freehold Branch4400 Us Highway 9Freehold, NJ 07728
Forest Hills Branch71-15 Austin StreetForest Hills, NY 11375
Garden City Park Branch2131 Jericho TpkeGarden City Park, NY 11040
Flushing Branch138-29 39th AvenueFlushing, NY 11354

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