Hanover Bank Celebrates Community Support with Special Event

Celebration of Community Support by Hanover Bank

Hanover Bancorp, Inc. (NASDAQ: HNVR), led by Chairman and CEO Michael P. Puorro, recently hosted a heartfelt cocktail party at their Hauppauge Business Banking center. This special gathering took place to express gratitude towards the myriad of individuals and businesses that have played a vital role in their journey and welcomed them as a significant addition to Suffolk County.

Success is a collective achievement, and Hanover Bank deeply appreciates the substantial support received since its foray into Suffolk County. The bank acknowledges the countless contributions from clients, local businesses, and community leaders, all of whom have welcomed them with open arms. This partnership is what forms the vibrant core of Suffolk County as a prime business locale.

A Warm Expression of Thanks

During the celebration, Puorro reflected on the incredible goodwill and enthusiasm Hanover has encountered since its expansion. "We saw the Hauppauge area as the perfect choice for our growth, and this celebration is our way of honoring the many supporters who help us thrive daily. This event is dedicated to showing our heartfelt appreciation for the warm welcome we've received," he said.

Investment in the Community

The new Hanover Bank facility is an impressive state-of-the-art office located at 410 Motor Parkway in Hauppauge. Craig Padover, President of Aresco 410 LLC, partnered with Kelly Murphy, Executive Director of the Suffolk County Industrial Development Association (IDA), to transform a vacant lot into what stands today as a modern Class-A office building. This investment in infrastructure marks a significant progression in the town's development.

Kelly Murphy noted, "Like the spirit of this celebration, the creation of this thoughtfully designed building represents the essence of collaboration and partnership. It serves as a gateway into the Long Island Innovation Park and symbolizes endless opportunities for visitors and employees alike. The design reflects a commitment to enhancing the quality of life of Long Islanders, a value that resonates deeply with us. We applaud Hanover Bank for becoming an anchor to this community, ensuring prosperity now and into the foreseeable future."

Partnerships Effecting Change

This project was facilitated in part by Smithtown Supervisor Ed Wehrheim's leadership. The innovative planning allowed buildings like Hanover's to maximize zoning changes, significantly enhancing the property's potential. Craig Padover remarked on the importance of this partnership, citing it as a key driver for the building's success.

Enhancing Economic Contributions

Hanover Bank takes pride in its commitment to local and regional economic growth, employing around sixty-five staff members who enhance the bank's outreach capabilities in Long Island. As a hub for commercial, municipal, and consumer banking products, this new location empowers Hanover to engage with Long Island's leading organizations and provide unmatched customer service.

In an industry defined by relationships and trust, Michael Puorro summarized the evening, saying, "There's so much to celebrate and many individuals to thank. We believe it was important to recognize everyone who has been part of our journey. Last night was our way to acknowledge their support and the key role they play in our success."

About Hanover Community Bank and the Vision Ahead

Hanover Bancorp, Inc. (NASDAQ: HNVR), is the proud parent company of Hanover Community Bank, a bank that emphasizes personalized banking experiences tailored to the specific needs of its clients. Steering the bank is a dedicated team of local business professionals who understand the distinct financial landscape of the metro-New York area.

Hanover provides a diverse array of financial services, including commercial and consumer banking products, multi-family and commercial mortgages, alongside a suite of additional services that meet the evolving needs of its clients. With branches across New York and New Jersey, the bank is well-positioned to strengthen its community ties further and foster economic growth in the regions it serves.

The bank’s corporate headquarters is located in Mineola, New York, where it continues to operate full-service branches in multiple locations, enabling them to offer efficient banking solutions to a wider customer base.

Frequently Asked Questions

What is the purpose of Hanover Bank's recent celebration?

The gathering was organized to thank the community and businesses for their support during Hanover Bank's expansion into Suffolk County.

Who attended the event hosted by Hanover Bank?

The event saw participation from numerous local business leaders, community members, and supporters who have contributed to the bank's success.

What facilities does Hanover Bank offer?

Hanover Bank provides a range of services, including commercial banking, municipal banking, residential loans, and advanced digital banking solutions.

Where is Hanover Bank's Hauppauge Business Banking center located?

The Hauppauge Business Banking center is situated at 410 Motor Parkway, Hauppauge, NY.

Who can I contact for further information about Hanover Bank?

For more information, you can contact Annette Esposito at (516) 548-8500, the First Vice President and Director of Marketing.

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