Hanover Bancorp (NASDAQ:HNVR) operates as the bank holding company for The Hanover Savings Bank, a full‐service community bank founded in 1860 and headquartered in Whippany, New Jersey. Over more than a century and a half, the company has expanded from a single neighborhood institution into a regional banking franchise that emphasizes personalized service and community engagement. Through strategic branch openings and acquisitions, Hanover Bancorp has solidified its presence in northern and central New Jersey, extending selective operations into neighboring Pennsylvania markets.
The company’s core activities include deposit gathering, commercial and residential loan origination, and a broad suite of treasury management services. Retail customers can access traditional checking and savings accounts, money market accounts, certificates of deposit, and automated digital banking platforms. Hanover Bancorp also serves small and mid-sized businesses with commercial real estate loans, equipment financing, lines of credit, and SBA loan programs. Wealth management and trust services are offered through affiliated advisors, providing clients with investment guidance, retirement planning, and fiduciary oversight.
Technological innovation has become an increasingly important element of Hanover Bancorp’s strategy. The bank has invested in mobile and online banking enhancements, remote deposit capture, and secure payment solutions to meet the evolving needs of both consumer and commercial clients. Its digital infrastructure is complemented by a customer‐focused branch network, allowing for seamless integration of virtual and in‐person banking experiences.
Governed by an independent board of directors and led by a seasoned executive management team, Hanover Bancorp balances prudent risk management with a commitment to community development. Leadership emphasizes local decision‐making, responsive service, and corporate responsibility, underpinning the bank’s efforts to support residential customers, small businesses, and nonprofit organizations across its service areas. With deep roots in its communities, Hanover Bancorp continues to pursue disciplined growth while upholding the values and relationships that have defined its long history.
