Hanover Bancorp Announces Inclusion in Prestigious Piper

MINEOLA, NY, Sept. 23, 2022 (GLOBE NEWSWIRE) — Hanover Bancorp, Inc. (Nasdaq: HNVR) (the “Company”), parent company of Hanover Community Bank, is pleased to announce that it has been included in the prestigious Piper Sandler Sm-All Stars: Class of 2022.

The Piper Sandler Sm-All Stars Class of 2022 honor is given to the 35 top performing small cap banks and thrift stores across the country. To achieve Sm-All Star status, companies must have a market capitalization of less than $2.5 billion and overcome numerous hurdles related to growth, profitability, credit quality and capital strength.

Michael P. Puorro, President and CEO, said, “It is an incredible honor to not only receive this honor, but also to be included in a class with so many other outstanding institutions. I applaud our incredible team whose tireless efforts allow us to be recognized with accolades like this; they are our greatest resource.

About Hanover Bancorp, Inc.
Hanover Bancorp, Inc. (NASDAQ: HNVR), is the banking holding company of Hanover Community Bank, a community-based commercial bank focused on highly personalized and efficient services and products that meet customer needs. The management and board of directors are made up of a select group of successful local businessmen and women who are committed to the success of the Bank by knowing and understanding the financial needs and opportunities of the region. metropolitan New York. Backed by state-of-the-art technology, Hannover offers a full range of financial services. Hanover utilizes a full suite of personal and business banking products and services, including multifamily and commercial mortgages, residential loans, business loans and lines of credit. Hanover also offers its customers access to a 24-hour toll-free ATM service, free checking with interest, telephone banking, advanced mobile and internet banking technologies for our retail and business customers, safety deposit boxes -forts and much more. The company’s administrative headquarters are located in Mineola, New York, where it also operates a full-service branch as well as additional branches in Garden City Park, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Chinatown, New York and Freehold . , New Jersey.

Hanover Community Bank is a member of the Federal Deposit Insurance Corporation and is an equal housing and equal opportunity lender.

Caution Regarding Forward-Looking Statements
This release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and can be identified by the use of words such as “may”, “believe”, “expect”, “anticipate ”, “should”, “plan”, “estimate”, “predict”, “continue” and “potential” or the negative of these terms or any other comparable terminology. Examples of forward-looking statements include, but are not limited to, estimates regarding the financial condition, results of operations and businesses of Hanover Bancorp, Inc. Any or all of the forward-looking statements contained in this release and in any other public document statements made by Hanover Bancorp, Inc. may prove to be incorrect. They may be affected by inaccurate assumptions that Hanover Bancorp, Inc. may make or by known and unknown risks and uncertainties, including the risks detailed in the “Cautionary Note Regarding Forward-Looking Statements”, “Risk Factors” and other sections of the registration statement. filed with the SEC. In addition, the adverse effect of the COVID-19 pandemic on the Company, its customers and the communities in which it operates may adversely affect the Company’s business, results of operations and financial condition for a period indeterminate. Therefore, no forward-looking statement can be guaranteed. Hanover Bancorp, Inc. does not intend to update forward-looking statements after the date of this release or to conform such statements to actual events.

Investor and press contacts:
Brian K. Finneran
President

Lance P. Burke
Financial director
(516) 548-8500

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