Hanover Bancorp, Inc. is a bank holding company for Hanover Community Bank, a New York chartered community commercial bank that delivers personalized banking products and services to customers across the New York metropolitan area, including Nassau, Suffolk, Queens, Kings and New York Counties in New York and Freehold in New Jersey.

The company generates revenue primarily from interest income on its loan portfolio, which includes one to four family residential mortgages, commercial real estate loans, commercial and industrial loans, and Small Business Administration loans, as well as from fee income on deposit accounts, service charges, and municipal banking relationships.

The company operates through the following segments: One to four family residential mortgage, Commercial real estate, Commercial and industrial, Small Business Administration loans, and Municipal banking.

• One to four family residential mortgage: This segment focuses on non conforming one to four family mortgage loans, primarily serving Asian American borrowers in the New York City boroughs through products such as the Residential Investor Program and home equity loans.

• Commercial real estate: This segment provides loans for multifamily properties, owner occupied and non owner occupied commercial properties, emphasizing high quality loans with acceptable loan to value ratios and strong cash flow.

• Commercial and industrial: This segment offers variable and fixed rate loans to small and medium sized businesses for working capital, business expansion and trade financing, with amounts such as $145.6 million representing 7.3% of total loans as of December 31, 2025.

• Small Business Administration loans: This segment originates SBA 7(a) variable rate loans secured by commercial real estate and or business assets, mainly serving small sized manufacturing, wholesale, retail, hotel motel and service businesses for working capital or equipment purchases.

• Municipal banking: This segment offers deposit services to public municipalities, including counties, cities, towns and school districts, with $700.7 million in deposits at a weighted average rate of 3.01% as of December 31, 2025.

The company holds a distinct position as a community focused bank in the New York metro area, competing against larger national banks, regional peers and fintech lenders by leveraging its deep local relationships, niche expertise in Asian American residential lending, strong small business and SBA lending capabilities, and a growing municipal deposit base that provides a stable, low cost funding source.

The company serves individual consumers, particularly Asian American borrowers in the New York City area, small and medium sized enterprises seeking commercial and SBA financing, and public municipalities throughout Long Island and neighboring regions that rely on its deposit and cash management services.