Press

Long Island bankers welcomed the support and said the federal government could help them help the economy. It was smart of Obama to identify larger banks as the ones that need more oversight and to spare smaller banks from further regulation, said Sangeeta Kishore, chief financial officer of Hanover Community Bank in Garden City Park.

"Anyone who's got the doors open is doing a good job. They had to have a good foundation" to withstand tougher regulation, said Robert Long, acting president of Hanover Community Bank in Garden City Park one of the new ones. "They're going to flourish."

"First and foremost, Hanover Community Bank is a community bank, seeking to assist local community members in every way it can," stated James Jacovatos, President and CEO, Hanover Community Bank. "The Nassau County Coalition Against Domestic Violence tirelessly works to provide comprehensive services for local adults and child victims of domestic violence as well as to educate the community, schools and law enforcement professionals about the issue of domestic violence. We are privileged to be able to assist them."

The Nassau County Coalition Against Domestic Violence announced that its annual spring gala, held at The Carltun in East Meadow, raised nearly $200,000 and was attended by a record 300-plus guests.

“We are quite pleased with the results,” Sandy Oliva, executive director of the Hempstead-based organization, which first held the gala in 1992, said in a statement. “Domestic violence continues to plague Long Island families. It’s vital that we continue to reach out to the community to help keep the residents of Nassau County safe.”

The gala honored James Jacovatos, president and chief executive of Hanover Community Bank in Garden City Park, and his wife, Imelda, along with Stephen W. Schlissel, a matrimonial attorney who is a partner at Schlissel, Ostrow, Karabatos in Garden City.

Garden City Park, NY -- Hanover Community Bank President and CEO James Jacovatos was recently honored at The Nassau County Coalition Against Domestic Violence Annual Spring Gala, which raised almost $200,000 for the Coalition, and its efforts to eradicate domestic violence and help keep Nassau County safe. Pictured are (left to right) The Nassau County Coalition Against Domestic Violence Executive Director, Sandy Oliva; Hanover Community Bank President and CEO James Jacovatos and his wife, Imelda Jacovatos...

The Nassau County Coalition Against Domestic Violence will host its "2009 Annual Spring Gala", Tuesday, June 9, 2009, 6:30 p.m. at The Carltun in Eisenhower Park. Members of the public are invited to this premiere event honoring two of Long Island's leading business leaders...

Description: Bigger is definitely not better right now in the banking business. We’re seeing commercial banks buried under a mountain of debt and needing the government to save them from themselves.

"This bank has been more than two years in the making. We have the support of about 120 stockholders, almost all from the New York metro area," said James Jacovatos, president, Hanover Community Bank. "Hanover Community Bank is a local bank with local officers and local directors ready to serve local residents and businesses."

Hanover Community Bank today announced the public opening of its first branch, headquartered at 2131 Jericho Turnpike in Garden City Park, Long Island. Chartered as a New York State Bank by the New York Banking Board with FDIC insurance, deposits at the bank are FDIC-insured up to $250,000.

Hanover Community Bank is the first bank of its kind on Long Island to offer "dialogue banking" to customers, with no tellers, no lines, no cash drawers and no barriers. Hanover Community Bankers will instead work intimately and directly with customers to take care of all of their banking needs.