Dear Friend and Valued Associate:
Welcome to Hanover Bank!
We mark this Company milestone with total assets in excess of $600 million, record net income and earnings per share for our previous quarter, and continued strong loan growth and asset quality. We are also pleased to launch our new website.
Last year, we opened our new state-of-the-art corporate headquarters in Mineola, NY, and our new branch office in Forest Hills, NY. We invite you to visit us often — at our headquarters, on our website, and at our growing number of branches— where you’ll find the tools, teams and technologies you need and a more enjoyable banking experience. We are excited to announce the upcoming opening of our fourth branch in Flushing, Queens, NY, and we are currently identifying additional potential branch locations.
With a new board and management team in place since 2012, significant insider ownership approximating 30%, and with an entrepreneurial spirit that drives our customer-first culture, Hanover remains locally owned and operated to serve you better. As members of the same communities in which we live, work and play, our people uniquely understand what you need and value most in a bank. We proudly reinvest back into the communities we serve.
Between our high-touch, no-teller branches, our skilled representatives, and our personalized service model, you’ll find more answers and less red tape in the banking solutions we offer. You’ll also find access to leadership that is extraordinary, as well as a willingness to tailor products and services to your needs. You’ll find that Hanover rises above in flexibility and commitment to you.
Whether through courteous attention, accelerated approvals, customer accommodation and more, our community bank operates as all banks should, at the express and direct convenience of our customers — the families, businesses and communities we are privileged to serve. As we learn from the past and look forward to the future, we champion this ethic in all we do.
On behalf of all of us at Hanover, and our board of directors, we thank you for your time, interest and continued patronage. As you proudly realize the milestones in your own financial journey, please count on Hanover Bank to be there to help. Hanover. The bank of you.
Michael P. Puorro
Chairman, President & CEO