HNVR

Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank, a New York State-chartered commercial bank serving the New York metropolitan area. Headquartered in Mineola, New York, the company provides traditional banking services through its network of branches located primarily in Nassau, Queens, and Kings counties. Hanover Community Bank focuses on relationship-based commercial and consumer banking, offering commercial real estate loans, multi-family mortgage loans, one-to-four family mortgage loans, construction loans, commercial business loans, and consumer loans, along with a full range of deposit products including checking accounts, savings accounts, money market accounts, and certificates of deposit. The bank primarily targets small to mid-sized businesses, real estate investors, professionals, and retail customers in its local market area. As a community-focused institution, Hanover emphasizes personalized service and decision-making at the local level, differentiating itself from larger regional and national banks. The company has expanded its market presence through strategic branch openings and enhancement of its digital banking capabilities to complement its traditional branch network. Hanover's lending portfolio concentrates heavily on commercial real estate and multi-family properties in the New York City metropolitan market, reflecting the bank's expertise in this specialized lending segment and its understanding of local market dynamics.