Hanover Bancorp, Inc..
HNVR.US | Other monetary intermediation
Hanover Bancorp, Inc. operates as the bank holding company for The Hanover Community Bank, which provides various banking products and services in Metropolitan New York. It accepts various deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. T...Show More
Better Health for All
0
Hanover Bancorp, Inc. is a bank holding company providing financial services. Its core business activities, such as checking, savings, and loan products, do not have a direct positive or negative impact on health outcomes. The company does not offer health-related products or services, nor does it engage in activities that typically generate health risks, require health-related R&D, or involve health data management. While the company announced grants to seventeen non-profit organizations, including some in healthcare and education, these grants are part of an economic recovery program, and no specific health-related metrics or financial contributions to health initiatives are provided.
1
Fair Money & Economic Opportunity
-10
Hanover Bancorp, Inc. had $115.5 million in SBA loans in 2023, representing approximately 6.18% of its total loans of $1.87 billion for the same year.
1
The company was rated "Well Capitalized" under the regulatory framework for prompt corrective action at year-end 2023 and 2022.
2
In 2023, the company settled ongoing litigation and received a settlement payment of $975 thousand.
3
Fair Pay & Worker Respect
0
No specific regulatory actions, violations, fines, or compliance issues regarding labor-law or human-rights breaches are mentioned in the provided information.
1
Fair Trade & Ethical Sourcing
0
The provided articles contain no specific, concrete data points relevant to Hanover Bancorp, Inc.'s performance against the Fair Trade & Ethical Sourcing value. pertains to 'Hanover Displays,' a different entity, and is therefore not applicable.
1
, a corporate governance overview for Hanover Bank, explicitly states it 'does not contain any data relevant to HNVR.US or Fair Trade & Ethical Sourcing.'
2
Consequently, all KPIs must be omitted due to a lack of evidence.
Honest & Fair Business
0
The company has a dedicated Anti-Bribery and Anti-Corruption (ABAC) Policy and Compliance Program.
1
This program outlines a zero-tolerance policy for bribery and corruption, commits to FCPA compliance, and covers offering bribes, improper payments, and the use of 'anything of value' to foreign officials.
2
It includes requirements for accurate record-keeping, risk-based due diligence, and reporting of potential violations.
3
The ABAC Compliance Program also details governance structure, risk assessment, training, monitoring, and reporting protocols, with disciplinary action up to termination for violations.
4
Kind to Animals
0
Hanover Bancorp, Inc. operates as a bank providing financial services.
1
Its core business model does not involve animal-derived products, animal testing, animal husbandry, or direct impact on wildlife habitats. Therefore, all KPIs related to 'Kind to Animals' are not applicable to the company's operations based on the provided articles.
No War, No Weapons
0
The provided articles do not contain any specific, factual evidence regarding Hanover Bancorp, Inc.'s association with arms manufacturing, military contracts, conflict facilitation, or initiatives related to peacebuilding or disarmament. One article explicitly states that sustainability data for the company is unavailable, and another confirms no information regarding arms sales, peacebuilding, or conflict-related activities is present.
1
Therefore, no assessment can be made against the 'No War, No Weapons' ethical value based on the given information.
Planet-Friendly Business
-10
Hanover Bancorp, Inc. offset 100% of the electricity used at its Worcester facility with purchased wind credits in 2018.
1
This facility accounts for 86% of the company's total electricity consumption.
2
The company has no reported environmental compliance violations, regulatory actions, or fines.
3
Respect for Cultures & Communities
0
The provided articles state that Hanover Bancorp, Inc. provided grants to seventeen local non-profit organizations through the Federal Home Loan Bank of New York's Small Business Recovery Grant Program.
1
However, the articles explicitly note that no specific quantitative data or details are available regarding the company's formal partnerships with indigenous or local community groups, percentage of revenue reinvested in local community development, cultural appropriation incidents, cultural impact assessment protocols, or any other specific metrics relevant to the 'Respect for Cultures & Communities' value.
2
Safe & Smart Tech
0
The company performs regular risk assessments of its infrastructure, network architecture, and software/systems using current threat intelligence, and engages third-party experts for periodic internal and external assessments, including penetration testing and vulnerability scanning.
1
It also manages a Data/Records Classification, Retention, and Handling Policy and Procedures.
2
The company's cybersecurity program is designed based on the NIST framework and FFIEC and NYDFS guidance, with the CEO and SISO annually certifying compliance to the NYSDFS.
3
It also protects information with reasonable physical, electronic, and procedural safeguards that comply with Federal standards.
4
The company engages third-party experts for periodic internal and external assessments, including penetration testing and vulnerability scanning, and oversees an annual penetration test by an independent third party.
5
Its cybersecurity program is designed based on the NIST cybersecurity framework and applicable industry guidance.
6
The bank's website uses event trackers that record anonymized data like clicks and page views, ensuring no personally identifiable information is collected or stored.
7
Zero Waste & Sustainable Products
0
The provided articles for Hanover Bancorp, Inc. (HNVR.US) focus on the company's core banking services, statement options, online banking, and a recent core banking system upgrade. No specific, concrete data points or facts related to waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education were found.