Michael P. Puorro
Michael Puorro has over 35 years of banking experience as a senior banking executive in all facets of developing and leading successful financial institutions. In 2012, Mr. Puorro was named Chairman & Chief Executive Officer of Hanover Community Bank, and in 2016 also became head of the Bank’s holding company. In May of 2022 under Mr. Puorro’s leadership the company achieved a major milestone by successfully completing its Initial Public Offering (IPO) and began trading on the NASDAQ Global Select Market under the symbol HNVR. Initially, Mr. Puorro focused on reorganizing and recapitalizing Hanover through a revamped Board of Directors and a new management team. Since Mr. Puorro’s arrival, the Bank’s equity position and asset base have each increased significantly, and today Hanover consistently displays a track record of high earnings and strong asset quality. Currently, Hanover is one of New York’s fastest growing community banks and is class leading in many financial metrics.
Prior to Hanover, Mr. Puorro was the Co-Chairman and President of Madison National Bancorp, Inc., and Madison National Bank where he was a leading member of Madison’s entrepreneurial group and executive management team that raised $32.5 million in capital from a private placement. Mr. Puorro has also served as Executive Vice President and Chief Financial Officer of New York Community Bancorp, Inc. where he was directly responsible for managing the financial functions of the fourth largest thrift in the United States with over $24 billion in assets and $5 billion in market capitalization. Before his tenure with New York Community Bank, Mr. Puorro served as Executive Vice President and Chief Financial Officer of Roslyn Bancorp, Inc. where he coordinated Company growth from less than $1 billion to over $12 billion in assets, and from five to forty full-service retail locations.
Mr. Puorro was a former senior member in the Financial Services Group of KPMG LLP, specializing in financial institutions ranging in size from local community banks to super money center institutions. Mr. Puorro is a former Board member of the New York Banker’s Association which serves as the State’s preeminent provider of legislative and regulatory services to a unified banking industry. Mr. Puorro earned a Bachelor of Business Administration degree in Accounting from Dowling College’s School of Professional Accountancy, and in addition to being a Certified Public Accountant, is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA). In May 2012, Mr. Puorro received an Honorary Doctorate Degree in Human Letters from Dowling College.