Hanover Bancorp, Inc. to obtain Chinatown Federal Savings Bank

Acting Department of Financial Services (DFS) Superintendent Linda A. Lacewell today announced that the Department of Financial Services has authorized the use of Hanover Bancorp, Inc., the company that is holding of Community Bank, a fresh York State-chartered bank, to get Chinatown Federal Savings Bank (CFSB) and its own three new york places.

“DFS is happy to approve Hanover Community’s purchase of Chinatown Federal Savings Bank, a federally-chartered organization, which will now participate the growing nyc State-chartered banking system,” said Acting Department of Financial Services Superintendent Linda A. Continue reading →