
About Hanover

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 Puorro has over 35 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.
With over 20 years of experience as a banking leader and entrepreneur, Mr. Wilcox is a strong believer in small businesses and the power of local entrepreneurs to drive economic development and growth. At Hanover, Mr. Wilcox is responsible for residential and commercial lending and business development, including strategic partnerships and new expansion opportunities. Prior to joining Hanover, Mr. Wilcox was President & CEO of Savoy Bank through its merger with Hanover in May 2021. At Savoy, Mr. Wilcox oversaw the bank's transition into a leading SBA lender and growth from roughly $80 million to nearly $700 million in assets through the origination of more than $1 billion in commercial loans across many industries, including technology, real estate, construction, hospitality, healthcare, apparel, contracting, retail, jewelry and manufacturing. Previously, Mr. Wilcox cofounded a community development bank to serve underbanked communities in the South Bronx and across New York City. Mr. Wilcox earned a BA at Vanderbilt University and an MBA from ASU, Thunderbird School of Global Management.
Mr. Burke brings to Hanover extensive accounting, operations, and M&A expertise with over 20 years of experience in the banking industry and the proven ability to streamline accounting efficiency and improve various processes within the Finance area. At Hanover, Mr. Burke is responsible for and oversees all aspects of financial management of the Company and the Bank, investor relations and facilities management. As CFO, Mr. Burke works closely with the CEO on merger and acquisition evaluation and capital raising initiatives. Prior to joining Hanover in May 2021, Mr. Burke served as Senior Vice President & Controller of Dime Bank (formerly BNB Bank) and was an integral part of their three acquisitions and one merger of equals. During his 12-year tenure at BNB, Mr. Burke was at the forefront of the Accounting department, responsible for all facets of Accounting operations, SEC and Regulatory Reporting, Corporate Insurance and Equity Plan Administration. A graduate of SUNY Old Westbury with a bachelor’s degree in accounting, Mr. Burke began his career in banking as a teller, moving quickly to the role of Assistant Vice President of Financial Reporting at New York Community Bank where he spent the first ten years of his career.
Ms. Rouse has over 25 years of banking experience and oversees all enterprise risk management functions including the administration of Hanover’s Corporate Compliance and Information Security areas. Ms. Rouse also serves as the liaison for the Bank’s outsourced internal audit function, administers the vendor management process and ensures that the Bank’s internal operating policies are designed to minimize risk and comply with regulatory requirements. Prior to joining Hanover in March 2017, Ms. Rouse served in many financial and audit capacities at Astoria Bank for 24 years and was an integral part of Astoria Bank’s Initial Public Offering and three acquisitions. Prior to joining Astoria Bank, Ms. Rouse was an Audit Manager in the Financial Services Group of the public accounting firm of KPMG LLP, specializing in financial institutions. Ms. Rouse earned a Bachelor of Business Administration degree in Accounting from the University of Massachusetts at Amherst and is a Certified Public Accountant in New York State.
Mr. Corbett has over 40 years of experience in the banking industry and has extensive expertise in all facets of credit risk and portfolio management as well as new product development. At Hanover, Mr.Corbett is responsible for management of the Bank’s Credit Administration Department, including the underwriting and loan review analysis process, and all functions providing lending support, direction, credit information, and loan policies, procedures and processes to ensure the overall quality of the Bank’s lending portfolio and adherence to the Bank’s Credit Policy. Mr. Corbett also oversees Loan Servicing, Loan Administration and Credit Risk Management. Prior to joining Hanover, Mr. Corbett served as Senior Vice President and Chief Credit Officer of Dime Community Bank and Senior Vice President and Chief Credit Officer of Astoria Bank where he had the responsibility for the credit quality of commercial and residential portfolios in excess of $15 billion. Prior to Astoria Bank, Mr. Corbett served as Senior Vice President and Chief Credit Risk Officer of Israel Discount Bank of New York, overseeing a commercial portfolio in excess of $7 billion. Mr. Corbett is a graduate of the Wharton School of Business at the University of Pennsylvania where he obtained a Bachelor of Science degree in Economics.
Mr. Locorriere has extensive municipal expertise with more than 30 years of banking and government experience. At Hanover, Mr. Locorriere is responsible for all municipal depository activities including developing, maintaining and administering municipal programs that contribute to the effective and profitable operation of the Bank. He currently manages a municipal portfolio that consists of balances in excess of $750 million. He also oversees deposit and retail operations as well as the treasury management functions for the Bank. Prior to joining Hanover, Mr. Locorriere served as Executive Vice President & Director of Municipal Banking at Empire National Bank. He also served in various government positions including Comptroller for the Town of North Hempstead as well as being elected to the Suffolk County Legislature representing the northeast communities of Brookhaven Town. Mr. Locorriere is a member of the following associations: New York State Bankers Association Municipal Finance Committee; Long Island Regional Council Member of Government Finance Officers Association (GFOA); Suffolk and Nassau Association of School of Business Officials; and the Long Island Village Clerks Treasurers Association. Mr. Locorriere earned a Bachelor of Business Administration degree from Mansfield University and an MBA from Dowling College.
Ms. DiIorio has over 25 years of experience in the banking industry and oversees the operations and administrative functions of the Finance Division including accounting, financial reporting, policy development and internal controls. Ms. DiIorio serves as liaison for the Company’s external auditors and is also the Assistant Secretary of the Bank’s holding company since its inception in 2016. Prior to joining Hanover in 2016, Ms. DiIorio served as Vice President and Principal Accounting Officer at Bridgehampton National Bank. She has also served as Controller for a number of banking institutions including The First National Bank of Long Island, Madison National Bank and New York Community Bank. Ms. DiIorio was a senior accountant in the Financial Services Group of the public accounting firm of KPMG LLP where she specialized in audits of public financial institutions, brokers and dealers of securities, credit unions and various commercial entities. Ms. DiIorio earned a Bachelor of Business Administration degree in Accounting from the Frank G. Zarb School of Business at Hofstra University and an MBA in Finance from Dowling College. Ms. DiIorio is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.
Ms. Mihas possesses over 20 years banking experience in various capacities including corporate governance. Ms. Mihas has been part of the Hanover team since its inception in 2009 and is also the Secretary of its holding company since its inception in 2016. Ms. Mihas currently serves as Corporate Secretary where she works with the Directors, Executive Management and Senior Officers. Ms. Mihas coordinates and attends all Hanover Community Bank and Hanover Bancorp Board meetings, prepares the minutes to the Board meetings, facilitates the annual meeting of shareholders, serves as liaison for Directors and Shareholders, maintains key corporate documents and records, and addresses other tasks as required by the Chairman and Chief Executive Officer. Ms. Mihas earned a Bachelor of Arts degree from Queens College and an MA from Columbia University.
Board of Directors
Our Shared Values
Welcome to Hanover Bank, where we share more of your values and value you more.
Interested in Joining Our Team?
Community
What can Hanover do for you?
Get Started Today Get Started TodaySaving was never so easy to meet your financial goals
Learn Moreis right hereLearn More