Board of Directors
Michael P. Puorro
Chairman, President & Chief Executive Officer
Mr. Puorro has over 30 years banking experience and over 25 years as a senior banking executive in all facets of developing successful financial institutions. Since 2012, Mr. Puorro has served as the Chairman, President & Chief Executive Officer of Hanover Community Bank, and its holding company since its inception in 2016. Mr. Puorro coordinated an effort to reorganize and recapitalize Hanover through a revamped Board of Directors and new management team. In approximately five years, the Bank’s equity position increased by $57.0 million while producing a 117% stock price appreciation. Further, during this time, Hanover has grown its asset base by ten-fold and consistently displays a track record of record earnings and best in class asset quality. Today, Hanover is one of New York’s fastest growing community banks and is class leading in many financial metrics. Prior to Hanover, Mr. Puorro was the Co-Chairman and President of Madison National Bancorp, Inc. and Madison National Bank where he was a leading member of Madison’s entrepreneurial group and executive management team that raised $32.5 million in capital from a private placement. Prior to this, Mr. Puorro served as Executive Vice President and Chief Financial Officer of New York Community Bancorp, Inc. where he was directly responsible for managing the financial functions of the fourth largest thrift in the United States with over $24 billion in assets and $5 billion in market capitalization. Before his tenure with New York Community Bank, Mr. Puorro served as Executive Vice President and Chief Financial Officer of Roslyn Bancorp, Inc. where he coordinated Company growth from less than $1 billion to over $12 billion in assets, and from five to forty full service retail locations. Mr. Puorro was a former senior member in the Financial Services Group of KPMG LLP, specializing in financial institutions ranging in size from local community banks to super money center institutions. Mr. Puorro has established a high level of confidence and credibility and possesses a pristine reputation with all regulatory authorities, as well as Wall Street financial analysts, members of the investment community, and charitable and civic groups. Mr. Puorro serves as a Board member of New York Banker’s Association which serves as the State’s preeminent provider of legislative and regulatory services to a unified banking industry. Mr. Puorro earned a Bachelor of Business Administration degree in Accounting from Dowling College’s School of Professional Accountancy, and in addition to being a Certified Public Accountant, is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. In May 2012, Mr. Puorro received an Honorary Doctorate Degree in Human Letters from Dowling College.
Ahron H. Haspel
Mr. Haspel is an active investor and an attorney and CPA specialized in the tax area. He retired from Jones Day in January 2011 where he served as a partner specializing in the corporate tax and mergers acquisitions area. Prior to joining Jones Day in February 2005, Mr. Haspel was a partner at KPMG and served on its Board of Directors and in a number of leadership positions. While on the Board of KPMG, Mr. Haspel served on the Firms Audit, Compensation and Strategic Planning Committees. Mr. Haspel was the lead tax partner on some of KPMG’s most prestigious accounts, including Pfizer, Icahn Holdings and Norwest Financial (Wells Fargo). Mr. Haspel has written and lectured extensively on mergers and acquisitions, and partnership transactions. Mr. Haspel serves as a member of the Board and Trustee of North European Oil Royalty Trust (NRT) a New York stock exchange listed company and serves as Chairman of NRT’s Audit and Compensation Committees. Mr. Haspel is a qualified financial expert for SEC purposes. He earned a Bachelor of Science degree in Accounting from Long Island University, his Juris Doctor from Brooklyn Law School and his LLM degree in Taxation from New York University School of Law. He is a Certified Public Accountant and an active member of the New York Bar. He is a member of the Board of a number of philanthropic organizations.
Mr. Carone is an executive partner in the full-service law firm of Abrams, Fensterman, Fensterman, Eisman, Formato, Ferrara, Wolf & Carone, LLP. Prior to joining his current firm, Mr. Carone was a founding partner in the Law Office of Seddio & Carone, LLC. Mr. Carone earned his Juris Doctor from Brooklyn Law School, where he graduated in the top of his class and received the award for American Jurisprudence in Legal Ethics. Mr. Carone has extensive experience in many complex areas of the law including complex Civil and Criminal matters for Individuals, Corporations, Governmental Agencies, NFPs, Professional practices and Family offices, as well as counselling clients in various government relation strategies. Mr. Carone was appointed to the NYC Taxi & Limousine Commission in 2011 and completed his term of service with the Commission at the end of 2016. In 2017, Mr. Carone was appointed Chair to the newly formed New York State Bar Association Committee on Transportation Law which will focus on issues associated with Ride-Sharing Services and Driverless vehicles. Mr. Carone graduated from The School of Mortgage Banking in 1999 and founded a multi-state mortgage bank with over 200 employees that he subsequently merged into a larger mortgage bank. Mr. Carone served in the United States Marine Corps from 1993 to 1995 where he was commissioned 2nd Lieutenant. Mr. Carone has been a member of the New York State Bar Association, Association of Trial Lawyers of America, Brooklyn Bar Association (where he presently serves as First Vice-President), The American Association of Bank Directors, National Association of Criminal Defense Lawyers, Kings County Criminal Bar Association and the Columbian Lawyers Association. Mr. Carone serves on the Board and is Chair of the Audit Committee of Ridgewood Bushwick Senior Citizens Council (now RiseBoro). RBSCC is a non-profit which serves 30,000 constituents and has a budget of almost $100,000,000. Mr. Carone also previously served on the Board and as Audit Chair of the Catholic Foundation of Brooklyn and Queens. Mr. Carone joined the founding Advisory Board of the New York League of Independent Bankers and also serves on the Board at the Downtown Brooklyn Partnership. Mr. Carone has been designated a Super Lawyer in Government Relations since 2016, a distinction earned by only five percent of the lawyers in the New York metro area.
John W. Sapanski
Mr. Sapanski possesses over 50 years of banking, commercial lending and commercial real estate experience. Mr. Sapanski began his banking career at The Dime Savings Bank of New York where he served in the positions of Chief Information Officer, Chief Financial Officer, and finally President and Chief Operations Officer, before leaving in 1987. In 1988, Mr. Sapanski joined Florida Federal Bank as Chairman and Chief Executive Officer. Mr. Sapanski joined Florida Federal after the Bank became a troubled institution and was retained by the RTC to assist in the sale of the Bank. In 1993, Mr. Sapanski was part of an investor group that purchased Republic Bank in Florida and became their Chairman and Chief Executive Officer. While leading Republic, Mr. Sapanski grew the Bank from 4 branches to 85 branches before retiring in 1999. In 2000, Mr. Sapanski joined the Board of Clarity Bank.com and subsequently became Chairman and Chief Executive Officer and facilitated the Bank’s sale in 2004. Mr. Sapanski holds both a Bachelor of Business Administration and MBA in Accounting and Finance from Baruch School, City College of New York and graduated with honors from the Banking Program at Brown University and the Management Program at The University of Massachusetts.
John R. Sorrenti
Mr. Sorrenti, FAIA, is Founder and President of JRS Architect, P.C., a full service architectural, interior design and preservation firm serving the greater New York City region. Since its inception in 1986, the firm has received numerous design awards under his leadership. Mr. Sorrenti has served on numerous committees both for American Institute of Architects (AIA) and National Council of Architectural Registration Board (NCARB) rising to the President of the New York State AIA, Vice President of the National AIA and Regional Director for the NCARB’s national board. Mr. Sorrenti chaired the AIA/College of Fellows’ Regional Representative Program nationally for six years and in 2016 was the Chancellor for the College of Fellows. He remains on the New York State Education Board of Architecture as an Extended Member, previously serving as Chair and is currently Chair of North Hempstead’s Landmarks Commission. In 1991, Mr. Sorrenti helped to form the guidelines for the Americans with Disabilities Act (ADA) and in 1993 assisted with the New York City ADA Code. Mr. Sorrenti has served on the National Architectural Accrediting Board Committee for college accreditation and has performed reviews of his peers for the American Council of Engineering Companies. In 2008, Mr. Sorrenti was presented with the Lifetime Achievement Award from the AIA Long Island Chapter and in 2017 received their Community Service Honor Award. Mr. Sorrenti earned a Bachelor of Architecture degree from New York Institute of Technology (NYIT), a Masters in Architecture from Ohio University, and a MBA from NYIT.
Dr. Michael Katz, M.D., F.A.C.S.
Dr. Katz is an active financial institution investor and highly experienced and accomplished board-certified otolaryngologist and possesses extreme business development capabilities in the Long Island marketplace. Dr. Katz has been in practice with Ear, Nose, and Throat Associates of New York, P.C. since 1969. For over 35 years, he served as President of the group practice which is one of the largest multi-specialty practices of its kind with offices located throughout Queens, Nassau, Suffolk, and Bronx. While serving as President, Dr. Katz oversaw a growing practice of over 200 employees in multiple locations including over 30 physicians and physician assistants/nurse practitioners, specializing in otolaryngology, allergy & immunology, facial plastic and reconstructive surgery, audiology, sleep disorders and speech and swallowing disorders. Dr. Katz earned his undergraduate degree from Columbia University and his medical degree from the State University of New York, Downstate. He went on to complete general surgery training at Kings County Hospital in New York and then did his residency in otolaryngology at Manhattan Eye, Ear and Throat Hospital. He is board certified by the American Board of Otolaryngology. Dr. Katz was Chief of Ear, Nose and Throat (“ENT”) at Flushing Hospital and was previously Chief of ENT at New York Hospital Medical Center of Queens. Apart from the medical field, Dr. Katz serves as Co-Chairman of the Fisher Island Condo Board #2, highly active in the area of environmental issues and is a large contributor to the UJA-Federation of NY.
Mr. Okun is a founding director of Hanover Community Bank. Additionally, he has been Chairman of the Loan Committee since the Bank’s inception. Mr. Okun has been in the commercial real estate industry for more than 30 years. As President of Polimeni International, Mr. Okun was responsible for the Company’s development program in Poland, having successfully completed numerous shopping centers throughout the country. As President of its affiliate company, Skyline Management Corp., he was responsible for the management of a 3,000,000 square foot portfolio of office buildings and shopping centers on Long Island and the east coast. Further, his experience includes redevelopment, leasing, financing, and brokerage. Mr. Okun is a founding partner of Realty Connect USA, LLC. Realty Connect currently has over 800 sales agents in 14 offices on Long Island and Queens. Mr. Okun is a licensed real estate broker in New York and Florida. He is author of the book “Make Money On Main Street” and a licensed sea captain. Mr. Okun earned a Bachelor of Arts degree in education from Fairleigh Dickinson University.
Mr. Patel is a founding director of Hanover Community Bank. Mr. Patel is in the motel business and currently the President/Chief Executive Officer of M&R Enterprise of NY Inc. D/B/A West Shore Motel, as well as Vice President of Hemisphere Management, an asset management and ownership company with a portfolio of hotels, restaurants and investment properties. Mr. Patel is very active in a number of organizations of individuals and businesses of Americans of Asian Indian heritage, including the Asian American Hotel Owners Association; Charotaria Leuva Patidar Seva Samaj, a social organization of individuals from Gujarat State in India; and the Enawala National Association, a social organization of people from the Village of Ena in India. He is well known in the Asian Indian community. Mr. Patel earned a diploma in Electronic Engineering Technology from Rets Electronic Schools.
Mr. Golden’s family is the legacy co-founder of the Snapple Beverage Corporation which produced one of the nations’ leading flavored beverages. By the time the Company was purchased by the Quaker Oats Company in 1994, it produced annual sales revenue of $700.0 million. Today, Mr. Golden is the Founder and CEO of TREO Brands, an innovative beverage company focused on plant-based hydration. Mr. Golden is President of Golden Properties Group LLC which is an active investor in commercial office buildings and retail and residential properties in New York City and the surrounding areas, as well as throughout the Midwest. Prior to forming Golden Properties Group LLC, Mr. Golden was the owner of one of the largest cleaning and security companies in New York (Golden Mark). His company serviced mainly large office buildings and financial institutions. Mr. Golden is a contributor to many charitable organizations and is currently on the Nassau County Police Department Foundation Advisory Board. Mr. Golden attended the University of Bridgeport.
Mr. Abraham is a founding director of Hanover Community Bank. Mr. Abraham is the principal owner and Chief Executive Officer of the Eric’s shoe stores chain in the United States and Abraham and Sons Leather Company, VA Smith Shoe Company International. Further, Mr. Abraham is a real estate investor and serves as Chairman of the Pravasi television channel and is the President of the Queens Village New York Chamber of Commerce. Further, Mr. Abraham is a member of the Board of Directors of Royal Exchange USA Inc, a provider of money transfer services to India. Mr. Abraham is the former two-term President of the Indo-American Malayalee Chamber of Commerce and also served as a Sabha Council Member for Saint Thomas Mar Thoma Church. Mr. Abraham was born in Kerala, India and is well known in the South Indian Community.