Hanover Bank is expanding its footprint with the opening of an office at 410 Motor Parkway, Hauppauge, New York.
The new office will see Hanover Bank build out its lending and support teams with local banking talent.
Moving eastward on Long Island supports the growth of Hanover’s commercial, municipal, and retail banking verticals, Hanover explained.
According to Hanover Bank, this area is particularly void of institutional banking choices due to the ongoing, robust consolidation activity within the industry.
According to the bank’s announcement, the office will assist in scaling up the company’s other business lines while also creating new opportunities for growth, profitability, and development.
Hanover Bank recently opened an office in Freehold, New Jersey to answer the demand for lending and commercial banking products.
These products include Small Business Administration financing for small and medium sized businesses in the Central New Jersey market.
Michael P. Puorro, chairman and CEO, Hanover Bank, commented: “Similar to our Freehold, New Jersey, office, the Hauppauge location will focus on commercial lending and banking products, paving the way for businesses seeking retail banking and commercial solutions to grow their organizations.
“We look forward to becoming an integral part of this economic hub by hiring from the vast talent pool that exists in the area, by contributing to the local economy, and by working and transacting business with many of Long Island’s most successful organizations and municipalities.”