Hanover Community Bank
Hanover Community Bank is an FDIC insured institution headquartered at
2131 Jericho Tpke, Garden City Park, NY 11040.
It was founded in
2009 and has approximately $2 billion in assets. Customers can open an account at one of its 3 branches.
Deposit Rates - January 23, 2026
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
SAV
|
2.50% | $5,000 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
3 Mo CD
|
4.00% | $500 | Compare |
|
6 Mo CD
|
4.25% | $500 | Compare |
|
12 Mo CD
|
3.50% | $500 | Compare |
|
13 Mo CD
|
3.25% | $500 | Compare |
|
15 Mo CD
|
3.00% | $500 | Compare |
|
18 Mo CD
|
3.00% | $500 | Compare |
|
24 Mo CD
|
3.00% | $500 | Compare |
|
36 Mo CD
|
3.00% | $500 | Compare |
|
60 Mo CD
|
3.00% | $500 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
3.10% | $5,000 | Compare |
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Intro Period: 12 months
$25,000 -
Intro APR: 7.750 %
After Intro:7.750 %
$25,000 - Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Featured 30-Year Fixed Mortgage Rates
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NMLS ID: 167283Fees & Points Total
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NMLS ID: 3030Fees & Points Total
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$0 Fees - Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Overview 2026
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 58675 |
| Date Established | 2009 |
| Assets | $ 2.33 billion |
| Loans | $ 1,975.18 million |
| Deposits | $ 1,975.61 million |
| Capital | $ 224.90 million |
Summary Balance Sheet as of September 30, 2025
| ASSETS | |
| Cash & Balances due from depository institutions | $ 167.57 million |
| Interest-bearing balances | $ 153.53 million |
| Total securities | $ 103.56 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,975.18 million |
| Loan loss allowance | $ 22.35 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 25.81 million |
| All other assets | $ 20.92 million |
| Total Assets | $ 2.11 billion |
| LIABILITIES | |
| Total deposits | $ 1,975.61 million |
| Interest-bearing deposits | $ 1,741.84 million |
| Deposits held in domestic offices | $ 1,975.61 million |
| % insured (estimated)" | 60.81% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 56.71 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 11.03 millionn |
| Total Liabilities | $ 2.11 billion |
| Shareholders’ Equity | $ 224.90 million |
Summary Income Statement as of September 30, 2025
| INCOME AND EXPENSES | |
| Total Interest Income | $ 97.88 million |
| Total Interest Expense | $ 52.26 million |
| Net interest income | $ 45.63 million |
| Provision for loan and lease losses | $ 4.28 million |
| Total non interest income | $ 10.08 million |
| Total non interest expense | $ 40.52 million |
| Pre-tax Net Operating Income | $ 15.05 million |
Customer Reviews for Hanover Community Bank
Branches
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Hanover Community Bank Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis."
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only."
- 1LOCAL SAVINGSBank-$50,000N.A.2.50%11.11x (National Avg. - 0.23%)$5,000-SCENARIO
Year Rate
2.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,250 875 2 51,250 1,281 897 3 52,531 1,313 919 4 53,845 1,346 942 5 55,191 1,380 966 6 56,570 1,414 990 7 57,985 1,450 1,015 8 59,434 1,486 1,040 9 60,920 1,523 1,066 10 62,443 1,561 1,093 11 64,004 1,600 1,120 12 65,604 1,640 1,148 13 67,244 1,681 1,177 14 68,926 1,723 1,206 15 70,649 1,766 1,236 16 72,415 1,810 1,267 17 74,225 1,856 1,299 18 76,081 1,902 1,331 19 77,983 1,950 1,365 20 79,933 1,998 1,399 TOTAL $31,931 $22,352 - 2ONLINE SAVINGSBank-$50,000N.A.3.75%16.67x (National Avg. - 0.23%)$1,000-SCENARIO
Year Rate
3.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,875 1,313 2 51,875 1,945 1,362 3 53,820 2,018 1,413 4 55,839 2,094 1,466 5 57,933 2,172 1,521 6 60,105 2,254 1,578 7 62,359 2,338 1,637 8 64,697 2,426 1,698 9 67,124 2,517 1,762 10 69,641 2,612 1,828 11 72,252 2,709 1,897 12 74,962 2,811 1,968 13 77,773 2,916 2,042 14 80,689 3,026 2,118 15 83,715 3,139 2,198 16 86,854 3,257 2,280 17 90,111 3,379 2,365 18 93,491 3,506 2,454 19 96,996 3,637 2,546 20 100,634 3,774 2,642 TOTAL $54,408 $38,085
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