Hanover Bancorp appoints Mac Wilcox as President, succeeding retired Brian Finneran

Hanover Bancorp, Inc. /MD

Wilcox appointed President effective April 26, 2023; previously Senior EVP and Chief Lending & Revenue Officer.
He joined Hanover via the Savoy Bank acquisition in 2021, where he was President and CEO.
New employment agreement provides 2x base salary plus bonus and equity value for termination without cause.
For a change in control, severance increases to 2.99x compensation plus 36 months benefits continuation.
Outgoing President Brian Finneran retired in February 2023.

item 5.02 item 9.01

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Appointed

McClelland W. Wilcox

President

HNVR · Hanover Bancorp, Inc. /MD

Effective: 2023-04-26
Filed: April 27, 2023, 7:59 PM ET

On April 26, 2023, each of the Registrant and Hanover Community Bank, the Registrant’s wholly owned bank subsidiary (the “Bank”), appointed McClelland “Mac” W. Wilcox as President.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

McClelland W. Wilcox was appointed as President at Hanover Bancorp, Inc. /MD.

Action: appointed
Role: President

Exact text from the filing

On April 26, 2023, each of the Registrant and Hanover Community Bank, the Registrant’s wholly owned bank subsidiary (the “Bank”), appointed McClelland “Mac” W. Wilcox as President.

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Hanover Bancorp, Inc. /MD filing history →

Source: SEC EDGAR

accession 0001558370-23-007096

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