Hanover Bancorp launches IPO of 1.36M shares at $21-$23 range on Nasdaq

Hanover Bancorp, Inc. /MD

Offering 1,363,636 shares; underwriters have 30-day option for up to 204,545 additional shares.
Expected IPO price range $21.00-$23.00 per share; ticker HNVR on Nasdaq Global Select Market.
Net proceeds to enhance regulatory capital to support organic and strategic growth.
Stephens Inc. and Piper Sandler are joint book-running managers; registration statement not yet effective.

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