Hanover Bancorp completed the merger with Savoy Bank.

Hanover Bancorp, a multi-family and commercial real estate loans provider, completed the merger with Savoy Bank, a commercial bank serving small businesses in New York, New Jersey and surrounding states. Savoy’s Rockefeller Center, New York main office has become a branch of Hanover Bank. Financial terms were not disclosed. “This acquisition strengthens our position in New York City, and allows us to offer a full line of SBA loan products to our customers, while allowing us to offer a full range of commercial and personal loan and deposit products to Savoy’s customers, as well as the convenience of banking at our seven existing locations,” Michael Puorro, Hanover Chairman and CEO.