HNVR on Nasdaq

Hanover Bancorp, Inc. /MD

American state commercial bank that raised $35 million in 2026 (SEC Form D). Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerHNVR on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersMineola, New York1
  • Incorporated inMD2
  • Business address80 East Jericho Turnpike, Mineola, Ny 115012
  • Filer category, Emerging growth company2
  • Legal formCorporation

Hanover Bancorp, Inc., a Maryland corporation (the “Company”), is the holding company for Hanover Community Bank (the “Bank”), a New York chartered community commercial bank focusing on highly personalized and efficient services and products responsive to local needs. On June 25, 2025, the Company completed its reincorporation from New York to Maryland. The Bank operates as a locally headquartered, community-oriented bank serving customers throughout the New York metro area from offices in Nassau, Suffolk, Queens, Kings (Brooklyn) and New York (Manhattan) Counties, New York, and Freehold, Monmouth County, New Jersey. We opened the Bank’s Hauppauge Business Banking Center in Hauppauge, Suffolk County, New York in May 2023. In June 2025, we opened a full-service branch in Port Jefferson, Suffolk County, New York. As of December 31, 2025, we had total assets of $2.38 billion, total loans of…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service charges on deposit accounts brought in 95% of the revenue Hanover Bancorp, Inc. /MD broke down this way in fiscal 2025.

  1. Service charges on deposit accounts$750.0K495%up 60% from 2024
  2. Merchant Card Processing Fees$38.0K45%down 21% from 2024
Products and services by year
Products and services20242025
Service charges on deposit accounts$469.0K$750.0K
Merchant Card Processing Fees$48.0K$38.0K

Financial statements

Net income56784$7.5M in 2025+51% since 2020
0$10.0M$20.0M$30.0M2020: $5.0M$5.0M20202021: $10.9M$10.9M2021+118%2022: $23.6M$23.6M2022+117%2023: $15.2M$15.2M2023−36%2024: $12.3M$12.3M2024−19%2025: $7.5M$7.5M2025−39%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Loans$119.7M$123.0M
Taxable securities$5.7M$6.0M
Other interest income$5.1M$4.1M
Total interest income$130.5M$133.0M
Savings, NOW and money market deposits$43.2M$51.5M
Time deposits$20.6M$21.1M
Borrowings$6.2M$7.4M
Total interest expense$70.0M$79.9M
Net interest income$60.5M$53.1M
Provision for credit losses$10.4M$4.9M
Net interest income after provision for credit losses$50.1M$48.2M
Total non-interest income$12.8M$15.3M
Salaries and employee benefits$27.9M$25.6M
Occupancy and equipment$7.7M$7.2M
Data processing$1.8M$2.1M
Professional fees$3.1M$3.1M
Federal deposit insurance premiums$1.4M$1.4M
Conversion expenses$3.2M
Other expenses$7.9M$7.7M
Total non-interest expense$53.0M$47.1M
Income before income tax expense$10.0M$16.4M
Income tax expense$2.5M$4.0M
NET INCOME$7.5M$12.3M
BASIC (in dollars per share)$1.01$1.67
DILUTED (in dollars per share)$1.00$1.66

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Leadership

Who has led Hanover Bancorp, Inc. /MD, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (15)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • EVP & Chief Credit OfficerKevin F. Corbett named Mar 26, 202630
  • DirectorRobert W. Golden named Mar 26, 202630

Former names

  • Hanover Bancorp, Inc. /NYOct 16, 2020 to Sep 4, 20252

Timeline

  1. May 10, 2022New chief executive Michael P. Puorro becomes CEO11

Filings

294 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 54 major events, 171 insider forms, 15 large holders, 1 private raises, 32 other. The latest 20:

  1. Sep 10, 20268-K EDGAR
  2. Sep 3, 20264 EDGAR
  3. Aug 26, 20268-K EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 7, 202610-Q EDGAR
  6. Aug 3, 20264 EDGAR
  7. Aug 3, 20263 EDGAR
  8. Jul 23, 20268-K EDGAR
  9. Jul 20, 20268-K EDGAR
  10. Jun 29, 2026S-8 EDGAR
  11. Jun 18, 2026EFFECT EDGAR
  12. Jun 18, 2026424B3 EDGAR
  13. Jun 16, 20264 EDGAR
  14. Jun 12, 20264 EDGAR
  15. Jun 4, 20264 EDGAR
  16. Jun 4, 2026S-4 EDGAR
  17. Jun 4, 20268-K EDGAR
  18. Jun 2, 20264 EDGAR
  19. Jun 1, 20268-K EDGAR
  20. May 29, 20264 EDGAR

The 294 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

67 open-market trades by officers, directors and large owners since October 2021: 42 buys and 25 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 30, 2026O'Connor Kevin MPresidentBuy10,000$26.88$268.8KForm 4
Jun 15, 2026Golden RobertDirectorSale661$24.21$16.0KForm 4
Jun 12, 2026Golden RobertDirectorSale3,763$24.02$90.4KForm 4
Jun 10, 2026Golden RobertDirectorSale8,419$24.20$203.7KForm 4
Jun 2, 2026Golden RobertDirectorSale1,847$23.10$42.7KForm 4
May 29, 2026Golden RobertDirectorSale1,514$23.71$35.9KForm 4
May 27, 2026Golden RobertDirectorSale1,295$23.53$30.5KForm 4
May 20, 2026Golden RobertDirectorSale1,012$23.01$23.3KForm 4
May 19, 2026Golden RobertDirectorSale2,259$22.79$51.5KForm 4
Feb 6, 2026Golden RobertDirectorSale700$23.60$16.5KForm 4
Feb 5, 2026Golden RobertDirectorSale500$23.50$11.8KForm 4
Nov 4, 2025Golden RobertDirectorSale5,000$21.25$106.2KForm 4
May 9, 2025Golden RobertDirectorSale10,000$23.07$230.8KForm 4
May 8, 2025Golden RobertDirectorSale6,829$23.05$157.4KForm 4
May 6, 2025Golden RobertDirectorSale1,708$23.04$39.4KForm 4
May 5, 2025Golden RobertDirectorSale323$23.40$7.6KForm 4
May 2, 2025Golden RobertDirectorSale5,000$23.42$117.1KForm 4
Feb 7, 2025Golden RobertDirectorSale2,601$26.06$67.8KForm 4
Feb 6, 2025Golden RobertDirectorSale2,596$26.62$69.1KForm 4
Feb 5, 2025Golden RobertDirectorSale2,761$26.61$73.5KForm 4

All 67 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Mar 12, 2026Raised $35 million in a private offering of debt Form D: 17 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 68. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.283,884$6.6M0.0%+56,688
Alliancebernstein L.P.258,288$5.6M0.0%−59,094
Vanguard Capital Management LLC221,970$5.2M0.0%−33,431
Fourthstone LLC144,216$3.4M2.4%−377,435
Susquehanna International Group, Llp129,751$3.0M0.0%New
Geode Capital Management, LLC106,163$2.5M0.0%+17,453
State Street Corp72,779$1.7M0.0%+33,912
Dimensional Fund Advisors LP43,995$1.0M0.0%+12,352
Corient Private Wealth LP42,450$989.9K0.0%+211
Goldman Sachs Group Inc37,311$870.1K0.0%+4,193
Northern Trust Corp33,608$783.7K0.0%−5,083
Aqr Capital Management LLC31,393$732.1K0.0%New
Renaissance Technologies LLC30,800$718.3K0.0%New
Vanguard Fiduciary Trust Co30,325$707.2K0.0%+1,166
Vanguard Portfolio Management LLC30,002$699.6K0.0%+3,492
Bridgeway Capital Management, LLC27,624$644.2K0.0%No change
Strs Ohio27,000$629.6K0.0%+13,000
Gabelli Funds LLC25,000$583.0K0.0%No change
Two Sigma Investments, LP24,809$578.5K0.0%New
Citadel Advisors LLC20,458$477.1K0.0%New
Wealthspire Advisors, LLC18,791$438.2K0.0%New
Nuveen, LLC13,750$320.6K0.0%New
Teton Advisors, LLC13,500$314.8K0.2%No change
Charles Schwab Investment Management Inc13,006$303.3K0.0%No change
Trexquant Investment LP12,988$302.9K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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