20 THE QUEENS COURIER • APRIL 25, 2019 FOR BREAKING NEWS VISIT WWW.QNS.COM
QUEENS BUSINESS PROFILE
ABOUT HANOVER BANK
Hanover Bank is a community commercial
bank that focuses on highly
personalized and efficient services
and products that are responsive to
local needs. Backed by state-of-theart
technology, Hanover offers a
full range of financial services and
a complete suite of consumer and
commercial banking products and
services, including multi-family and
commercial mortgages, residential
loans, business loans and lines of
credit. Executive Management and
the Board of Directors are comprised
of a select group of successful
local businessmen and women
who are committed to the success
of the Bank by knowing and understanding
the metro New York area’s
financial needs and opportunities.
Hanover is known within its markets
for its community orientation,
and its support of the not-for-profit
organizations that affect social,
cultural, health, and economic benefits
for the communities it serves.
The Company’s administrative office
is located in Mineola, NY where it
also operates a full service branch
office along with branch locations
in Garden City Park, Flushing, and
Forest Hills. Additionally, Hanover
Bancorp, Inc., parent company of
Hanover Community Bank (“Hanover
Bank”), and Chinatown Federal
Savings Bank (“CFSB”) jointly
announced that Hanover Bank and
CFSB have entered into a definitive
agreement pursuant to which Chinatown
Federal Savings Bank will
merge into Hanover Bank. At that
time, CFSB branch locations, which
include two branches in Manhattan,
and one branch in Sunset Park,
Brooklyn, will be integrated into
Hanover.
While Hanover Bank is known for
its highly competitive deposit rates
and expertise in niche lending, it is
also uniquely positioned to fill the
void of true community banking in
these markets. The Bank has a tradition
of commitment to businesses,
consumers, and not-for-profits within
its market areas.
Hanover Bank has become one of
the fastest growing commercial
banks headquartered on Long
Island. Aside from growth in
terms of asset size, over the past
six years, led by Michael Puorro,
the Bank’s Executive Management
team, each member accomplished
in specialized strategic disciplines,
has established and successfully implemented
initiatives that make Hanover
Bank a respected competitor
in the NY metro market. Hanover’s
performance, as measured by metrics
by which banks are evaluated,
has been industry leading. Over
the past year, the Executive team
rebranded Hanover to reflect its
financial strength, its commitment
to technology and the future, its customer
centric approach to banking,
and its community orientation. The
Bank continues to pride itself on
being nimble, and “new” in the positive
sense of “not doing everything
the same old way.” Rather, Hanover
Bank works hard to meet the needs
of the Bank’s clients—consumers,
businesses, not-for-profits and other
entities—recognizing that one size
does NOT fit all, and embracing
the diversity of its markets. When
all is said and done, banking is a
“people business” after all. Hanover
Bank reports that it is proud of its
culture of professionalism, shared
values, hard work, and commitment
to its clients that its team members
throughout the company exemplify
each day.
Hanover is a member of the Federal
Deposit Insurance Corporation and
is an Equal Housing/Equal Opportunity
Lender.
Hanover Bank has become one of the fastest
growing commercial banks headquartered
on Long Island. Hanover Bank has branches in
Flushing, Forest Hills, Garden City Park, and Mineola.
Pictured is Hanover’s headquarters in Mineola, NY.
The tone is set at the top. Hanover Bank
Executive Management Team from left to right,
Alice Rouse, Senior Vice President, Chief Risk Officer,
Michael Puorro, Chairman of the Board, President & CEO,
Kenneth Sapanski, Executive Vice President, Chief Credit
Officer, Brian Finneran, Executive Vice President, Chief
Financial Officer, and Denise Chardavoyne, Executive Vice
President, Chief Retail & Information Officer.
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