Where is Hanover Community Bank located?

Hanover Community Bank is located at 80 East Jericho Turnpike, Mineola, NY 11501.

How can I contact Hanover Community Bank?

You can contact Hanover Community Bank by phone at (516) 548-8500.

Hanover Community Bank

About

Hanover Community Bank provides personal, commercial, and business banking services across Long Island, NYC, and New Jersey. The bank offers comprehensive financial solutions including multi-family mortgages, commercial real estate loans, residential loans, and business lending with personalized service.

2009

Founded

Reviews & Ratings

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SBA 7(a) Lending Analytics

SBA 7(a) Acquisition Loan Data As Of June 30, 2025

SBA Acquisition Loan Activity

Last 12 Months

10

Top 10%

Last 3 Years

20

Top 15%

YoY Growth

+42.9%

low activity

Loan Size Distribution

As Of June 30, 2025

Median

$4.5M

Average

$3.3M

Interest Rate Analysis

All rates shown as spread over Prime Rate

Rate Distribution

Median Rate:Prime + 1.75%

Typical Range:Prime + 1.50% - 2.50%

Min / Max:Prime + 0.75% / 3.00%

Market Comparison

This Lender

Prime + 1.75%

Market Average

Prime + 1.25%

50 bps above market

Default Rate & Risk Profile

As Of June 30, 2025 - 10-year default rate indicates underwriting quality

10-Year Default Rate

0.0%

Bottom 10% of Lenders (Highest Default Rate)

Performance Ranking

100th

Lower is better among all lenders

Geographic Loan Distribution

As Of June 30, 2025 - States by loan volume (darker blue = higher volume)

Low

Medium

High

Very High