---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-027122"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:48:31.118627+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hanover Bancorp raises $35M through subordinated notes, refinances existing debt

## Summary
- Issued $35M fixed-to-floating subordinated notes due 2036 at 7.25% fixed rate until March 2031 then SOFR+386bps.
- Net proceeds to redeem $25M of existing subordinated notes (lower interest cost) and for general corporate purposes.
- Notes rated BBB+ by Egan-Jones, qualify as Tier 2 regulatory capital.
- Investor presentation references an acquisition of Minden shareholders, subject to approvals; no further details in this filing.

## SEC filing metadata
- accession: 0001104659-26-027122
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000110465926027122/0001104659-26-027122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000110465926027122/hnvr-20260312x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-027122
- JSON: https://secwatch.observer/filing/0001104659-26-027122.json
- Plain text: https://secwatch.observer/filing/0001104659-26-027122.txt

## Source-grounded claims
- claim_id: 2ca3eb4ed00c6f3b7164a1baadb3f7bb14eaa2dd
  claim: Hanover Bancorp, Inc. /MD incurred senior notes of $35.0 million with certain qualified institutional buyers and accredited investors at 7.25% Fixed-to-Floating Rate maturing March 15, 2036.
  evidence_excerpt: the Company issued and sold $35.0 million in aggregate principal amount of its 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828588/000110465926027122/0001104659-26-027122-index.htm
- claim_id: 3ca0904a9d3708a521c825a606847767b2a472ec
  claim: Hanover Bancorp, Inc. /MD entered into Subordinated Note Purchase Agreements with certain qualified institutional buyers and accredited investors valued at $35.0 million (effective 2026-03-12).
  evidence_excerpt: On March 12, 2026, Hanover Bancorp, Inc. (the “Company”) entered into Subordinated Note Purchase Agreements (collectively, the “Purchase Agreements”) with certain qualified institutional buyers and accredited investors (collectively, the “Purchasers”) pursuant to which the Company issued and sold $35.0 million in aggregate principal amount of its 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828588/000110465926027122/0001104659-26-027122-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.