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.
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.
Overall | |
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FDIC Certificate # | 58675 |
Year Established | 2009 |
Employees | 185 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.59% |
Return on Equity - YTD | 6.33% |
Annual Interest Income | $133MM |
Assets and Liabilities | ||
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Assets | Q4 2024vs Q4 2023 | $2.31B$2.27B |
Loans | Q4 2024vs Q4 2023 | $1.98B$1.95B |
Deposits | Q4 2024vs Q4 2023 | $1.96B$1.9B |
Equity Capital | Q4 2024vs Q4 2023 | $219.7MM$208.6MM |
Loan Loss Allowance | Q4 2024vs Q4 2023 | $22.8MM$19.7MM |
Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $16MM$14MM |
Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.50%* | $0 | $100k | Kasasa Saver Savings | ||
OTHER TIERS: 0.19% → $100k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
5.75%* | $0 | $25k | Kasasa Cash Checking | ||
OTHER TIERS: 0.49% → $25k+ |
Hanover Bank Locations | ||
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Rockefeller Center Branch | 600 Fifth Ave, 17th Floor | New York, NY 10020 |
Bowery Branch | 109 Bowery | New York, NY 10002 |
Mineola Branch | 80 East Jericho Turnpike | Mineola, NY 11501 |
Sunset Park Branch | 5512 8th Ave | Brooklyn, NY 11220 |
Freehold Branch | 4400 Us Highway 9 | Freehold, NJ 07728 |
Flushing Branch | 138-29 39th Avenue | Flushing, NY 11354 |
Forest Hills Branch | 71-15 Austin Street | Forest Hills, NY 11375 |
Garden City Park Branch | 2131 Jericho Tpke | Garden City Park, NY 11040 |
Hauppauge Branch | 410 Motor Parkway, 3rd Floor | Hauppauge, NY 11788 |