Hanover Bancorp, Inc. /MD
Close on Oct 19, 2026
- Market cap
- $171.48M
- P/E (TTM)
- 18.6
- Dividend yield
- 0.42%
About Hanover Bancorp
State Commercial Banks, SIC 6022
Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank, delivering commercial and consumer banking services. Its primary offerings include personal and business deposit accounts, such as checking, savings, money market, and time deposits. The company provides a range of credit products, encompassing non-conforming single-family residential mortgages, multifamily and commercial real estate financing, commercial and industrial loans, and government-guaranteed loans through the Small Business Administration and the Department of Agriculture. It serves individuals, small and medium-sized enterprises, municipal entities, and licensed cannabis businesses.
The institution operates across the New York metropolitan area with offices located in Nassau, Suffolk, Queens, Kings, and New York counties in New York, as well as Monmouth County in New Jersey. Its network includes a business banking center in Hauppauge and a branch in Port Jefferson. The company conducts business as a locally headquartered organization and employs 194 full-time workers.
Summary of the business section of Hanover Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Hanover Bancorp, Inc. /MD
- Founded
- 2009
- Headquarters
- Mineola, NY
- Address
- 80 East Jericho Turnpike 11501
- Phone
- (516) 548-8500
- Website
- hanoverbank.com
- Employees
- 194, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Livingston, New Jersey
Stock & identifiers
- Ticker
- HNVR
- Exchange
- Nasdaq
- IPO date
- May 11, 2022
- Shares outstanding
- 7M, Jul 31, 2026
- Public float
- $130.90M, Jun 30, 2025
- Filer category
- <br>Emerging growth company
- SEC CIK
- 1828588
- CUSIP
- 410709109
- ISIN
- US4107091096
- EIN
- 81-3324480
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Michael P. Puorro | Chairman & CEO, Director | 321,663 |
| Kevin M. O'Connor | President | 22,300 |
| Lisa A. Diiorio | FSVP & Chief Accounting Off. | 17,899 |
| Michael Patrick Locorriere | Chief Municipal Officer | 30,990 |
| Lance P. Burke | SEVP & Chief Financial Officer | 28,955 |
| Joseph F. Burns | EVP & Chief Lending Officer | 11,505 |
| McClelland W. Wilcox | President | 100,677 |
| John P. Vivona | EVP & Chief Risk Officer | 5,152 |
| Kevin Corbett | EVP & Chief Credit Officer | 28,768 |
| Robert Golden | Director | 400,481 |
| Elena Sisti | Director | 156,034 |
| Varkey Abraham | Director | 59,004 |
| Michael David M.D. Katz | Director | 249,027 |
| Philip A. Okun | Director | 42,669 |
| John R. Sorrenti | Director | 47,209 |
| Metin Negrin | Director | 238,647 |
| Ahron H. Haspel | Director | 68,708 |
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 194 full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 4, 2026 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jun 27, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 11, 2022 | IPO | Initial public offering priced (424B4 prospectus) |
| May 9, 2022 | Listing | Registration of securities on an exchange (Form 8-A) |
| Aug 17, 2021 | Late filing | Notification of late filing |
| Jan 20, 2021 | Merger | Registration of securities for a merger or exchange offer (S-4) |