Board of Directors
Michael P. Puorro
Chairman, President & Chief Executive Officer
Mr. Puorro has over 25 years banking experience and over 20 years as a senior banking executive in all facets of developing successful financial institutions. Mr. Puorro is the former Co-Chairman and President of Madison National Bancorp, Inc. and Madison National Bank, a de novo community bank, which commenced operation in February 2007. Mr. Puorro was a leading member of Madison’s entrepreneurial group and executive management team that raised $32.5 million in capital from a private placement. Madison became one of the fastest growing de novo institutions in the country, reaching profitability within eighteen months of operation and generating in excess of $300 million in assets. Prior to this, Mr. Puorro served as EVP and CFO 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. Prior to his tenure with New York Community Bank, Mr. Puorro served as EVP and CFO of Roslyn Bancorp, Inc. where in addition to managing the Company's day-to-day financial operations, he was responsible for overseeing the Company's fiscal plans, (financial operating standards, and policies and procedures), as well as establishing current and long-term corporate objectives which supported Company growth from less than $1 billion to over $12 billion in assets, and from five to 40 full service retail locations from 1992 through its merger with New York Community Bank in 2003. Prior to joining The Roslyn Savings Bank in 1992, Mr. Puorro was a senior member in the Financial Services Group of the public accounting firm of KPMG LLP, specializing in financial institutions ranging in size from local community banks to super money center institutions. Mr. Puorro serves as Chairman of the Board of Dowling College, where he earned a B.B.A. from their 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. Mr. Puorro also serves as a member of the Board of the INN (Interfaith Nutritional Network), an organization which addresses the issues of hunger and homelessness on Long Island. 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. 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 including: Partner In Charge of the firms Manufacturing, Retailing and Distribution tax practice, Partner In Charge of KPMG’s Merger and Acquisition practice in New York and a Tax Industry Leader for KPMG’s Audit, Compensation, Pension 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, natural resources and partnership transactions. He was the accounting editor for the quarterly Journal of Taxation of Investments, an author of Income Taxation of Natural Resources (Prentice Hall) and the author of the tax section of the mergers and acquisitions chapter in The Corporate Controller’s Manual (Warren, Gorham & Lamont). He lectured at various conferences, including the annual meetings on mergers and acquisitions sponsored by the American Bar Association, American Law Institute and New York University Tax Institute. Mr. Haspel serves as a member of the Board of Directors of Barnwell Industries, Inc. a publicly traded natural resource and Real Estate Company. He is the Chairman of Barnwell’s Compensation Committee and a member of its Executive, Audit and Resources Committees. He is a qualified financial expert for SEC purposes. Mr. Haspel received his B.S. in accounting from Long Island University, his law degree from Brooklyn Law School and his LLM in Taxation from New York University. He is a Certified Public Accountant and an active member of the New York Bar.
Mr. Carone was added as a Director of Hanover Community Bank in 2010. Mr. Carone is a partner in the full-service law firm of Abrams, Fensterman, Fensterman, Eisman, Fernato, Ferrara & Einiger, LLP. Prior to joining his current firm, Mr. Carone was a founding partner in the Law Office of Seddio & Carone, LLC. Mr. Carone received his Juris Doctor at 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, Criminal Defense, Regulatory Compliance, Banking, Health Care and Corporate Governance. Mr. Carone was recently appointed by Mayor Michael Bloomberg to the NYC Taxi and Limousine commission and his appointment was unanimously approved by the New York City Council for a term expiring on January 31, 2015. 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 as a member of the regulatory compliance committee of the Mortgage Banking Association of America. Mr. Carone has been honored by numerous trade and civic associations. Earlier this year, Mr. Carone was chosen as “Businessman of the Year” by the Bensonhurst West End Community Council and as “Man of the Year” by the Kidney and Urology Foundation. Mr. Carone served in the United States Marine Corps from 1993 to 1995 where he was commissioned 2nd Lieutenant. Mr. Carone is a member of the New York State Bar Association, Association of Trial Lawyers of America, Brooklyn Bar Association, American Association of Bank Directors, National Association of Criminal Defense Lawyers, Kings County Criminal Bar Association and the Columbian Lawyers Association. In addition to his directorship at Hanover Community Bank, Mr. Carone serves as Audit Chair of a large not-for-profit.
John W. Sapanski
John 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 CIO, CFO, and finally President & COO, before leaving in 1987. In 1988, Mr. Sapanski joined Florida Federal Bank as Chairman & CEO. 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 & CEO. 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 & CEO and facilitated the Bank’s sale in 2004. Mr. Sapanski holds both a B.B.A. and M.B.A. 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
John R. Sorrenti is founder and president of JRS Architect, P.C. which has developed design expertise in the areas of finance, corporate, education, healthcare hospitality, retail and preservation. Mr. Sorrenti is recognized as a pioneer of alternative project delivery methods and marketing strategies for financial institutions. Through his efforts, the firm has grown from six people in 1986 to a staff of over thirty today serving Long Island, the greater New York City area, Connecticut, New Jersey and Pennsylvania. Mr. Sorrenti serves as Principal-in-charge of the Mineola and Princeton offices. He has held such professional positions as President of the NY State AIA and Vice President of the National AIA and is consulted by his peers on subjects ranging from building safety and ADA conformity to project delivery methods and technology solutions. Mr. Sorrenti serves as National Chair for AIA College of Fellowes Regional Representatives and Chair on the NY State Education Board of Architecture. He is also Regional Director for the National Council of Architectural Registration Boards. JRS is recognized in the financial institution sector for innovative design and creative solutions born out of solid experience and industry knowledge. Mr. Sorrenti possesses over five years of commercial bank directorship and has been a commissioner on the Town of Hempstead’s Historical Landmarks Preservation Commission and sits on the Boards of Building Long Island magazine and Lattingtown Ponds Architectural Committee. Mr. Sorrenti received a Bachelor of Architecture degree from New York Institute of Technology (NYIT), a Masters in Architecture from Ohio University and a Masters in Business Administration from NYIT.
Dr. Michael Katz, M.D., F.A.C.S.
Dr. Michael 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. He serves 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. Dr. Katz oversees a growing practice of over 200 employees in multiple locations including over 30 physicians and physician assistants/nurse practioners, specializing in otolaryngology, allergy & immunology, facial plastic and reconstructive surgery, audiology, sleep disorders and speech and swallowing disorders. Dr. Katz completed his undergraduate degree at Columbia University and received his medical degree from 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 is Chief of Ear, Nose and Throat 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 founder and currently serves as a director of Hanover Community Bank. Mr. Okun has been in the commercial real estate industry for almost 30 years. During that time he has been involved in all aspects of the business including brokerage, leasing, development, financing and acquisition. Most recently he has been involved in the development of shopping centers and condominiums in Poland. In brokerage, Mr. Okun has hired and trained scores of sales agents who have gone on to successful real estate brokerage and development careers. Most of his career has been with the Polimeni Organization where he formerly served as President of Polimeni International, and Chief Operating Officer of Skyline Management, which is Polimeni’s affiliated Management Company. Mr. Okun spearheaded a development campaign in Poland. They have successfully completed numerous shopping centers that have been sold to institutional purchasers and currently have in excess of one dozen new commercial and residential projects at various stages of development. Additionally, he is a licensed real estate broker, a partner in Realty Connect USA, LLC, a member of the International Council of Shopping Centers, an accredited New York State continuing education instructor and a Coast Guard licensed sea captain.
Mr. Patel is a founder and currently serves as a director of Hanover Community Bank. Mr. Patel is in the motel business and currently the President/CEO 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 with many contacts among businesses and individuals who are potential sources of significant business for the Bank.
Mr. Golden was added as a director of Hanover Community Bank in March of 2015. Mr. Golden is President of Golden Properties Group LLC and Robert Consulting Group, Ltd. Mr. Golden also serves as a consultant in the building services industry. In addition, Mr. Golden is an active investor in various retail and service businesses such as car washes, laundromats, commercial cleaning and security services. Mr. Golden also invests and owns 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’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. 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 founder and currently serves as a director of Hanover Community Bank. Mr. Abraham is the principal owner and CEO of the Eric’s shoe stores chain in the United States and Abraham and Sons Leather Company. 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. 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.