Hanover Bancorp, Inc. Completes $35 Million Private Placement of Subordinated Notes
Hanover Bancorp, Inc. (HNVR)
Company Research
Source: GlobeNewswire
MINEOLA, N.Y., March 12, 2026 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (NASDAQ: HNVR) (“Hanover” or “the Company”), parent company of Hanover Community Bank, is pleased to announce that the Company has completed the private placement of $35 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2036 (the “Notes”) to certain qualified institutional buyers and accredited investors. The Notes will initially bear interest, payable semi-annually, at the rate of 7.25% per annum, until March 15, 2031. From and including March 15, 2031, to but excluding the maturity date or early redemptions date, the interest rate applicable to the outstanding principal amount due will reset quarterly to the then current three-month secured overnight financing rate (SOFR) plus 386 basis points. The Notes received a BBB+ rating from Egan-Jones Ratings Company and are intended to qualify as Tier 2 capital for regulatory capital purposes for the Company. The Company intends
Show less
Read more
Impact Snapshot
Event Time:
HNVR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HNVR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HNVR alerts
High impacting Hanover Bancorp, Inc. news events
Weekly update
A roundup of the hottest topics
HNVR
News
- Hanover Bancorp, Inc. Completes $35 Million Private Placement of Subordinated Notes [Yahoo! Finance]Yahoo! Finance
- Hanover Bancorp (NASDAQ:HNVR) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Hanover Bancorp (NASDAQ:HNVR) was given a new $26.50 price target on by analysts at Piper Sandler.MarketBeat
- Hanover Bancorp, Inc. Announces the Addition of a New Chief Commercial Real Estate Lending OfficerGlobeNewswire
- Hanover Bancorp, Inc. Reports 2025 Full Year and Fourth Quarter Results and Declares $0.10 Quarterly Cash DividendGlobeNewswire
HNVR
Earnings
- 10/30/25 - Miss
HNVR
Sec Filings
- 3/13/26 - Form 10-K
- 3/12/26 - Form 8-K
- 2/24/26 - Form 4
- HNVR's page on the SEC website