President McClelland Wilcox to depart March 31; CEO Puorro named President

Hanover Bancorp, Inc. /MD

President McClelland Wilcox leaving March 31, 2026 as part of management restructuring.
Severance benefit of approximately $2.15 million per Employment Agreement.
Chairman & CEO Michael Puorro appointed President, effective after Wilcox's departure.
Puorro's biography incorporated by reference from proxy statement filed March 26, 2025.

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