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Hanover Bank - Press Releases
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Press Releases

Hanover Bank Launches Its New Branding

12/14/2018

Hanover Bancorp, Inc. Reports Calendar Third Quarter and Fiscal Year 2018 Results Highlighted by Record Net Income and Earnings per Share, Continued Strong Loan and Deposit Growth and Exceptional Asset Quality

10/18/2018

Hanover Bancorp, Inc. to Further Expansion into NYC through Merger with Chinatown Federal Savings Bank

9/20/2018

Hanover Bancorp, Inc. Surpasses $600 million in Total Assets and Reports Calendar Second Quarter 2018 Results Highlighted by Record Net Income and Earnings per Share, Continued Strong Loan Growth and Exceptional Asset Quality

 7/12/2018

Hanover Community Bank Names Denise Chardavoyne as Executive Vice President & Chief Retail and Information Officer

 5/10/2018 – Ms. Chardavoyne brings to Hanover extensive expertise in all facets of Information Technology, Operations, and Retail Banking. At Hanover, Ms. Chardavoyne will be responsible for the strategic planning and implementation of Information Technology, Retail Banking, and Operational initiatives that align with Hanover’s corporate objectives. Ms. Chardavoyne will also be responsible for driving retail business development through the implementation of a sales culture throughout Hanover’s branch network, as well as assisting in the identification, procurement and opening of future retail branch locations.

Hanover Bancorp, Inc. Reports Calendar First Quarter 2018 Results Highlighted by Record Net Income, Continued Strong Loan Growth and Exceptional Asset Quality

4/16/2018 – Hanover Bancorp, Inc. (“Hanover” or “the Company”), the holding company for Hanover Community Bank (“theBank”) today reported significant performance achievements for the quarter ended March 31, 2018, highlighted by record net income, continued momentum in year-over-year loan growth, outstanding asset quality, and record net interest income.

Hanover Bancorp, Inc. Reports Calendar Fourth Quarter 2017 Results Highlighted by Record Core Operating Earnings, Robust Loan Growth and Exceptional Asset Quality

1/24/2018

Hanover Bancorp, Inc. Surpasses $500 Million in Total Assets and Reports Fiscal Year and Calendar Third Quarter 2017 Results Highlighted by Record Core Operating Earnings, Continued Strong Loan Growth, and Exceptional Asset Quality

10/27/2017

Hanover Bancorp, Inc. Reports Calendar Second Quarter 2017 Results Highlighted by Record Core Operating Earnings, Strong Loan Growth, and Exceptional Asset Quality

7/19/2017

Hanover Community Bank Announces Completion of Holding Company Reorganization

8/16/2016 – Hanover Community Bank announced today the completion of its proposed holding company reorganization effective as of the close of business August 10, 2016. As part of the reorganization, Hanover Bancorp, Inc. has become the parent of the Bank, and Bank shareholders will receive shares of the Company in exchange for their shares of bank common stock

 

Michael P. Puorro, Chairman, President and Chief Executive Officer, stated, “The establishment of the holding company will provide us with additional flexibility in our operations and, most importantly, in raising capital to support our continued growth. Since December 31, 2012, the Bank’s total assets have increased from $68.5 million to $327.6 million at June 30, 2016. We expect to open our second branch at 71-15 and 71-17 Austin Street in Forest Hills, Queens, New York in November, 2016. We expect that the strong growth we have experienced since the end of 2012 will continue.”

Hanover Community Bank Ranks 29th in the “Top 200 Healthiest Banks in America”

8/1/2015 − Each year DepositAccounts.com evaluates the financial health of every federally insured bank in the United States – more than 6,900 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score. From the list of 6,998 banks, DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility in its 2015 edition of the Top 200 Healthiest Banks in America.

Minority Banks Broaden Focus

8/23/2013 − Hanover Community Bank opened in Garden City Park in 2009 with a plan: break through the clutter of community banks to directly serve a growing Asian population.

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