MINEOLA, N.Y., March 04, 2020 (GLOBE NEWSWIRE) — Hanover Bancorp, Inc. (“Hanover”), the holding firm for Hanover Neighborhood Financial institution (the “Financial institution”), right now introduced that, based mostly on the ultimate vote rely licensed by the unbiased inspector of elections, Hanover shareholders have overwhelmingly voted to re-elect Dr. Michael Katz, Mr. Philip Okun, and Mr. John Sorrenti to the Board of Administrators, and take away Mr. John Sapanski from the Board.
Michael P. Puorro, Chairman and Chief Govt Officer, mentioned: “The Board and administration crew are happy to place this matter behind us and return our focus to executing Hanover’s marketing strategy to prudently develop belongings, improve our quantity of lending, and place Hanover for a possible preliminary public providing.”
About Hanover Neighborhood Financial institution and Hanover Bancorp, Inc.
Hanover Bancorp, Inc. is a domestically owned and operated privately held inventory financial institution holding firm for Hanover Neighborhood Financial institution, a group business financial institution specializing in extremely customized and environment friendly companies and merchandise attentive to native wants. Administration and the Board of Administrators are comprised of a choose group of profitable native businessmen and girls who’re dedicated to the success of the Financial institution by figuring out and understanding the metro-New York space’s monetary wants and alternatives. Backed by state-of-the-art expertise, Hanover affords a full vary of monetary companies. Hanover employs an entire suite of client and business banking services, together with multi-family and business mortgages, residential loans, enterprise loans and features of credit score. Hanover additionally affords its prospects entry to 24-hour ATM service with no charges connected, free checking with curiosity, phone banking, superior applied sciences in cellular and web banking for our client and enterprise prospects, protected deposit bins and way more. Hanover’s company administrative workplace is situated in Mineola, New York the place it additionally operates a full service department workplace together with further department places in Backyard Metropolis Park, Forest Hills, Flushing, Sundown Park, and Chinatown, New York.
Hanover Neighborhood Financial institution is a member of the Federal Deposit Insurance coverage Company and is an Equal Housing/Equal Alternative Lender. For additional info, name 516-548-8500 or go to the Financial institution’s web site at www.hanoverbank.com.
Brian Okay. Finneran
Chief Monetary Officer
+1 (516) 548-8500
Innisfree M&A Integrated
+ 1 (877) 800-5192
Brandy Bergman / Nicholas Leasure
+ 1 (212) 433-4600