Hanover Bancorp to acquire NY City-based commercial bank Savoy Bank
Hanover Bancorp, the parent company of Hanover Community Bank, has agreed to acquire New York City-based commercial bank Savoy Bank in a stock-cum-cash deal worth around $63 million. As per the terms of the deal, Savoy Bank will merge into Hanover Community Bank, thereby establishing a $1.6 billion asset bank that has a franchise footprint […]