Michael P. Puorro
Chairman & Chief Executive Officer
Mr. Puorro has over 30 years of banking experience and over 25 years as a senior banking executive in all facets of developing successful financial institutions. Since 2012, Mr. Puorro has served as the Chairman & Chief Executive Officer of Hanover Community Bank and its holding company since its inception in 2016.
Mr. Puorro coordinated an effort to reorganize and recapitalize Hanover through a revamped Board of Directors and a new management team. Since the Company’s recapitalization, the Bank’s equity position has increased by $120 million while producing a 307% increase in stock issuance. Further, during this time, Hanover has grown its asset base by approximately $1.5 billion and has consistently displayed a track record of record earnings and strong asset quality. Today,
Hanover is one of New York’s fastest-growing community banks and is class-leading in many financial metrics. Before Hanover, Mr. Puorro was the Co-Chairman and President of Madison National Bancorp, Inc. and Madison National Bank. He led Madison’s entrepreneurial group and executive management team that raised $32.5 million in capital from a private placement. Before this,
Mr. Puorro served as Executive Vice President and Chief Financial Officer of New York Community Bancorp, Inc., where he was directly responsible for managing the fourth largest thrift financial functions 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 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 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 the unified banking industry. Mr. Puorro earned a Bachelor of Business Administration degree in Accounting from Dowling College’s School of Professional Accountancy. In addition to being a Certified Public Accountant, he is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. In May 2012, Mr. Puorro received an Honorary Doctorate Degree in Human Letters from Dowling College.