Overview / Commentary
516-248-4868
2131 Jericho Turnpike
Garden City Park, NY 11040

Hanover Bank is headquartered in Garden City Park and is the 65th largest bank in the state of New York. It is also the 1,132nd largest bank in the nation. It was established in 2009 and as of September of 2018, it had grown to 64 employees at 3 locations. Hanover Bank's money market rates are 5X the national average, and it boasts an A+ health rating.

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Hanover Community Bank (NY) Ups VIP Personal Money Market - 8/24/2018

Hanover Community Bank (NYC metro area) has raised the rate on its VIP Personal Money Market to 2.00% APY on balances of $2.5k+. Min opening deposit is $2.5k.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees64
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD11.27%
Annual Interest Income$20.7MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$650.0MM$501.4MM
LoansQ3 2018vs Q3 2017$555.5MM$428.2MM
DepositsQ3 2018vs Q3 2017$469.4MM$375.4MM
Equity CapitalQ3 2018vs Q3 2017$67.6MM$49.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$6.5MM$4.8MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$0$0
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hanover Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hanover Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*-$10kPremium Custodian Savings
OTHER TIERS: 1.00% $10k+
1.00%*$25k*-Business Savings
OTHER TIERS: 0.15% $500 - $10k | 0.35% $10k - $25k
1.00%-$600kSavings Plus

Hanover Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%*$100k*-VIP Personal Money Market
OTHER TIERS: 2.00% $2.5k - $100k
1.30%$2.5k-VIP Business Money Market

Hanover Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1k-Concierge Checking
0.15%$500-NOW Personal Checking
0.15%$300-Senior Checking
0.15%$500-NOW Business Checking

Hanover Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%$500-60 Month CD
2.85%$500-36 Month CD
2.80%$500-24 Month CD
2.75%$500-18 Month CD
2.60%$500-15 Month CD
2.55%$500-12 Month CD
0.80%$500-6 Month CD

Hanover Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%$500-60 Month IRA
2.85%$500-36 Month IRA
2.80%$500-24 Month IRA
2.75%$500-18 Month IRA
2.60%$500-15 Month IRA
2.55%$500-12 Month IRA
0.80%$500-6 Month IRA
Locations


Hanover Bank Locations
Hanover Community Bank2131 Jericho TurnpikeGarden City Park, NY 11040
Forest Hills Branch71-15 Austin StreetForest Hills, NY 11375
Mineola Branch Office80 Jericho TurnpikeMineola, NY 11501

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