Hanover Bancorp, Inc. announced that effective immediately McClelland (Mac) Wilcox will assume the role of President, a position previously held by Brian Finneran who retired from the Bank in February 2023. Wilcox joined Hanover in May of 2021 with Hanover's acquisition of Savoy Bank, where he served as President and CEO. Since joining Hanover, he has served as Senior Executive Vice President, Chief Lending & Revenue Officer.

Wilcox has over 20 years of experience as a banking leader and entrepreneur. Under his leadership, Savoy Bank grew to nearly $700 million in assets prior to its merger with Hanover. Previously, Wilcox was President and CEO of a de novo community development bank he cofounded in the South Bronx.

As President, Wilcox will continue overseeing Hanover's commercial and residential banking teams and exploration of new initiatives to support asset and earnings growth, while also taking a more active role in strategic planning and execution.