Hanover Bank - M&A Summary and Business Overview

Financial ServicesCompany

Hanover Bank M&A Summary

Hanover Bank has acquired 1 company, including 1 in the last 5 years.

Hanover Bank’s largest acquisition to date was in 2020, when it acquired Savoy Bank for $63M. Hanover Bank has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

Hanover Bank Business Overview

Where is Hanover Bank headquartered?

Hanover Bank is headquartered in Mineola, New York.

What sector is Hanover Bank in?

Hanover Bank is a financial services company.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 1

Hanover Bank

Hanover Bancorp, Inc.

80 East Jericho Tpke,
Mineola, New York 11501
United States,
(516) 548-8500
www.hanoverbank.com

Hanover is a locally owned and operated privately held stock bank holding company for Hanover Community Bank, a community commercial bank focusing on highly personalized and efficient services and products responsive to local needs. 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 offers a full range of financial services. Hanover employs 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. Hanover also offers access to 24-hour ATM service with no fees attached, free checking with interest, telephone banking, advanced technologies in mobile and internet banking for our consumer and business customers, safe deposit boxes, and much more. The Company’s corporate administrative office is located in Mineola, New York where it also operates a full-service branch office along with additional branch locations in Garden City Park, Forest Hills, Flushing, Sunset Park, and Chinatown, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # - 1 - - - - 1
vol $63M $63M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
Savoy Bank 2020-08-27 63M USD Merger
New York, United States · www.savoybank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 1 (100%) 63M (100%) - -
Total 1 $63M - -

By Geo

State/Country Buy Value Sell Value
United States 1 63M - -
Total 1 $63M - -

Top M&A Advisors

Legal Deals
Windels Marx Lane & Mittendorf
1

Deal Values

buy # Total
< $100M 1 $63M
TOTAL $63M
Largest Savoy Bank
$63M (2020-08-27)

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