Hanover Bank Mergers & Acquisitions

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%).

M&A Summary

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

Hanover Bank

Hanover Bancorp, Inc.

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

All (1) Buy (1) Sell (-)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2020-08-27 Savoy Bank · Financial Services
New York, United States · www.savoybank.com

Savoy Bank is a privately held commercial bank founded to provide small business owners in and around New York City with unparalleled service and financial products. Savoy Bank specializes in working with customers across a wide range of industries to understand and fulfill their deposit and lending needs. Combining technology and expertise, Savoy Bank offers a full suite of business accounts and deposit services and a spectrum of creative lending solutions, including through SBA 7(a), SBA 504 and USDA B&I lending programs.

Advisors: Gallet Dreyer & Berkey , Janney Montgomery Scott
63 Merger

Hanover Bank
Advisors: Stephens , Windels Marx Lane & Mittendorf

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