---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-007096"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:20:48.609014+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-007096
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000155837023007096/0001558370-23-007096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000155837023007096/hnvr-20230426x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007096
- JSON: https://secwatch.observer/filing/0001558370-23-007096.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007096.txt

## Key facts
- Executive change
  McClelland W. Wilcox was appointed as President at Hanover Bancorp, Inc. /MD.
  - Action: appointed
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828588/000155837023007096/0001558370-23-007096-index.htm

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