Bank · FDIC insured
Hanover Bank
A $2.3B bank headquartered in Garden City Park, NY, with 10 branches in 2 states. Best rates: CDs 4.20% and savings 2.85% APY.
Hanover Bank Carrot Score
86
Carrot Score
Higher than 73% of U.S. banks and credit unions
#50 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Hanover Bank
Founded in 2009, Hanover Bank is a publicly traded commercial bank listed on NASDAQ under HNVR.
The bank expanded through acquisitions of Chinatown Federal Savings Bank in 2019 and Savoy Bank in 2021.
- Headquarters
- 2131 Jericho Tpke, Garden City Park, NY 11040
- FDIC certificate
- 58675 ↗
Branches
10 branches in 2 states
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New York
9 branches
- Hanover Community BankMain office2131 Jericho Tpke, Garden City Park, NY 11040Directions
- 8th Avenue Branch5512 8th Ave, Brooklyn, NY 11220Directions
- Flushing Branch13829 39th Ave, Flushing, NY 11354Directions
- Forest Hills Branch7115 Austin St, Forest Hills, NY 11375Directions
- Hauppauge Branch Office410 Motor Parkway, Hauppauge, NY 11788Directions
- Mineola Branch80 E Jericho Tpke, Mineola, NY 11501Directions
- Bowery Branch109 Bowery, New York, NY 10002Directions
- Rockefeller Center Branch600 5th Ave, New York, NY 10020Directions
- Port Jefferson Branch1 N Country Rd, Port Jefferson, NY 11777Directions
New Jersey
1 branch
- Freehold Branch4400 Us Highway 9, Freehold, NJ 07728Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.76% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 1.42% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.63% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $99 | $88 | — |
- CapitalLeverage ratio9.76%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent1.42%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.63%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$99Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Hanover Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.