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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 34th largest bank in the state of New York. It is also the 511th largest bank in the nation. It was established in 2009 and as of June of 2024, it had grown to 189 employees at 9 locations. Hanover Bank's money market rates are 9X the national average, and it has an A health rating.

Related Posts

Hanover Bank Kasasa Cash Checking Available In NYC Metro Area - 3/1/2024

Hanover Bank (NYC metro area including Long Island and northern NJ) has a competitive Kasasa Cash Checking account available through online application.

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Reviews (1)

Great Rate, But Issues

Posted by: |

Required 12 debit card transaction each month. Only one person able to answer Kasasa-specific questions. Multiple problems with Hanover-initiated ACH transactions. Solved by using externally-initiated ACH transactions.

1


Health
A

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees189
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD5.19%
Annual Interest Income$65.9MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$2.33B$2.12B
LoansQ2 2024vs Q2 2023$2B$1.81B
DepositsQ2 2024vs Q2 2023$1.94B$1.59B
Equity CapitalQ2 2024vs Q2 2023$213.2MM$207MM
Loan Loss AllowanceQ2 2024vs Q2 2023$23.6MM$15.4MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$15.4MM$10.6MM
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hanover Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hanover Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$0$100kKasasa Saver Savings
OTHER TIERS: 0.19% → $100k+

Hanover Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$25k*-Business High Value Money Market - New Money
OTHER TIERS: 2.00% → $0 - $25k
4.00%*$500k*-Premium High Yield Money Market
OTHER TIERS: 3.50% → $25k - $100k | 3.62% → $100k - $250k | 3.75% → $250k - $500k
3.50%$5k-Elite High Yield Personal Money Market
2.00%$5k-Business High Yield Money Market

Hanover Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.75%*$0$25kKasasa Cash Checking
OTHER TIERS: 0.49% → $25k+

Hanover Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-6 Month CD
4.25%$500-Business 6 Month CD
4.15%$500-8 Month CD
4.15%$500-Business 8 Month CD
4.00%$500-12 Month CD
4.00%$500-3 Month CD
4.00%$500-13 Month CD
4.00%$500-Business 12 Month CD
4.00%$500-Business 13 Month CD
4.00%$500-Business 3 Month CD
3.50%$500-15 Month CD
3.50%$500-Business 15 Month CD
3.25%$500-18 Month CD
3.25%$500-Business 18 Month CD
3.00%$500-2 Year CD
3.00%$500-3 Year CD
3.00%$500-5 Year CD
3.00%$500-Business 2 Year CD
3.00%$500-Business 3 Year CD
3.00%$500-Business 5 Year CD
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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