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Hanover Bancorp Priced, Nasdaq: HNVR

Community bank with eight branches in New York and New Jersey.

Industry: Financials

Latest Trade: $21.04 0.00 (0.0%)

First Day Return: +0.5%

Return from IPO: +0.2%

Industry: Financials

We are a New York corporation which, in 2016, became 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. The Bank operates as a locally headquartered, community-oriented bank serving customers throughout the New York metro area from offices in Nassau, Queens, Kings (Brooklyn) and New York (Manhattan) Counties, New York. We also have an administrative office in Hauppauge, Suffolk County New York which helps service our municipal deposit customers, and are in the process of opening a branch office in Freehold, New Jersey. As of December 31, 2021, we had total assets of $1.5 billion, total deposits of $1.2 billion and total stockholders’ equity of $129.4 million.
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IPO News for Hanover Bancorp
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IPO Data
IPO File Date 02/23/2022
Offer Price $21.00
Price Range $21.00 - $23.00
Offer Shares (mm) 1.3
Deal Size ($mm) $27
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/10/2022
Offer Price $21.00
Price Range $21.00 - $23.00
Offer Shares (mm) 1.3
Deal Size ($mm) $27
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Mineola, NY
Founded 2009
Employees 1
Website www.hanoverbank.com