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About Hanover

We are a community bank with the scale and scope to serve our niche markets with high touch, personalized service.

Better Banking | the bank of you

Greater capacity to provide high-touch service via branches and digital channels. More opportunities to meet the borrowing needs of businesses, real estate investors, and home buyers.

Hanover Bank was established in 2009. With its acquisition of Savoy Bank, Hanover currently operates eight branch locations serving Long Island, the greater New York metropolitan area and Freehold, New Jersey.

The Bank’s values of hard work, loyalty, and attention to long-term client relationships are core to each Hanover banker’s focus on helping our clients reach their business and personal financial goals.

Leadership Team

Michael P. Puorro
Chairman & Chief Executive Officer
Brian K. Finneran
President
Mac Wilcox
Senior EVP, Chief Lending & Revenue Officer
Lance P. Burke
Executive Vice President & Chief Financial Officer
Alice T. Rouse
Executive Vice President & Chief Risk Officer
Michael P. Puorro
Chairman & Chief Executive Officer

Michael Puorro has over 30 years of banking experience as a senior banking executive in all facets of developing and leading successful financial institutions. In 2012, Mr. Puorro was named Chairman & Chief Executive Officer of Hanover Community Bank, and in 2016 also became head of the Bank’s holding company. In May of 2022 under Mr. Puorro’s leadership the company achieved a major milestone by successfully completing its Initial Public Offering (IPO) and began trading on the NASDAQ Global Select Market under the symbol HNVR. Initially, Mr. Puorro focused on reorganizing and recapitalizing Hanover through a revamped Board of Directors and a new management team. Since Mr. Puorro’s arrival, the Bank’s equity position and asset base have each increased significantly, and today Hanover consistently displays a track record of high earnings and strong asset quality. Currently, Hanover is one of New York’s fastest growing community banks and is class leading in many financial metrics.


Prior to Hanover, Mr. Puorro was the Co-Chairman and President of Madison National Bancorp, Inc., and Madison National Bank where he was a leading member of Madison’s entrepreneurial group and executive management team that raised $32.5 million in capital from a private placement. Mr. Puorro has also served as Executive Vice President and Chief Financial Officer of New York Community Bancorp, Inc. where he was directly responsible for managing the financial functions of the fourth largest thrift in the United States with over $24 billion in assets and $5 billion in market capitalization. Before his tenure with New York Community Bank, Mr. Puorro served as Executive Vice President and Chief Financial Officer of Roslyn Bancorp, Inc. where he coordinated Company growth from less than $1 billion to over $12 billion in assets, and from five to forty full-service retail locations.


Mr. Puorro was a former senior member in the Financial Services Group of KPMG LLP, specializing in financial institutions ranging in size from local community banks to super money center institutions. Mr. Puorro is a former Board member of the New York Banker’s Association which serves as the State’s preeminent provider of legislative and regulatory services to a unified banking industry. Mr. Puorro earned a Bachelor of Business Administration degree in Accounting from Dowling College’s School of Professional Accountancy, and in addition to being a Certified Public Accountant, is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA). In May 2012, Mr. Puorro received an Honorary Doctorate Degree in Human Letters from Dowling College.

Board of Directors

We invite you to learn more about Hanover Bancorp and the members of our Board of Directors.
Board Profiles/Investor Relations

Our Shared Values

Welcome to Hanover Bank, where we share more of your values and value you more.
Since our inception, we have maintained our focus on serving up banking products and services that serve our clients best. We are in it for the long term and differentiate ourselves though one-to-one, attentive service that is a cut above what other financial institutions offer. Hard work and discipline are core to our company culture.
Since our inception, we have maintained our focus on serving up banking products and services that serve our clients best. We are in it for the long term and differentiate ourselves though one-to-one, attentive service that is a cut above what other financial institutions offer. Hard work and discipline are core to our company culture.