 |
 |
|
<<< Return
PressHanover Community Bank Open for BusinessFeb 26 - March 4, 2009 EditionLong Island Tribune  Hanover Community Bank today announced the public opening of its first branch at 2131 Jericho Turnpike in Garden City Park. 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 their banking needs. As part of its launch, Hanover Community Bank will offer consumers a special introductory CD rate: for a 6 Month CD with a $500 minimum required balance, the Annual Percentage Yield (APY is 3.00%; 12 Month CD APY is 3.50%; 24 Month CD APY is 3.75%; and 60 Month CD APY is 4.00%. "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's custom-tailored business strategy includes teaching its bankers to always be on "stage" and to treat their customers as guests. "Our objective is to have our customers like their bank and enjoy banking." added Jacovatos. ###
|
Quick Links |
|
|
