Hanover Bancorp Acquisition | Financial Services Deal in NY

Hanover Bancorp acquisition: Hanover Bancorp, Inc. has completed the acquisition of Hanover Bancorp, a banking business in New York, for $35,000,000. The target operates as a New York financial services provider focused on retail and commercial banking activities for local customers. The banking acquisition supports financial services M&A strategy and expands NY acquisitions footprint through an other acquisition structure. The deal is filed as an announced other acquisition under a Form S-4 registration process, with deal size under $10M and a proposed securities offering as soon as practicable after effectiveness.