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 35th largest bank in the state of New York. It is also the 525th largest bank in the nation. It was established in 2009 and as of December of 2024, it had grown to 185 employees at 9 locations. Hanover Bank's money market rates are 9X the national average, and it has a B+ health rating.

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.



Health
B+

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees185
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD6.33%
Annual Interest Income$133MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$2.31B$2.27B
LoansQ4 2024vs Q4 2023$1.98B$1.95B
DepositsQ4 2024vs Q4 2023$1.96B$1.9B
Equity CapitalQ4 2024vs Q4 2023$219.7MM$208.6MM
Loan Loss AllowanceQ4 2024vs Q4 2023$22.8MM$19.7MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$16MM$14MM
Real Estate OwnedQ4 2024vs Q4 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
3.85%*$500k*-Premium High Yield Money Market
OTHER TIERS: 3.35% $25k - $100k | 3.50% $100k - $250k | 3.60% $250k - $500k
3.35%$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
4.10%$500-8 Month CD
4.10%$500-Business 8 Month CD
4.00%$500-3 Month CD
4.00%$500-Business 3 Month CD
3.85%$500-12 Month CD
3.85%$500-Business 12 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
Bowery 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
Flushing Branch138-29 39th AvenueFlushing, NY 11354
Forest Hills Branch71-15 Austin StreetForest Hills, NY 11375
Garden City Park Branch2131 Jericho TpkeGarden City Park, NY 11040
Hauppauge Branch410 Motor Parkway, 3rd FloorHauppauge, NY 11788

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