Hanover Community Bank Expands its Board of Directors

Jun 25, 2010, 20:35 ET from Seddio & Carone, PLLC

NEW YORK, June 25 /PRNewswire/ -- Attorney and Mortgage Banker Frank V. Carone has joined the Board of Directors at Hanover Community Bank, (www.hanovercommunitybank.com) which oversees the conduct of the institution's business. The regulatory authorities including the New York State Banking Department, has approved his application based on "Mr. Carone's extensive mortgage industry experience." This experience should prove invaluable as the responsibilities as set forth by the FDIC, et al include: selecting and retaining competent management; establish, with management, the institution's long and short term business objectives, and adopt operating policies to achieve these objectives in a legal and sound manner; monitor operations to ensure that they are controlled adequately and are in compliance with laws and policies; oversee the institution's business performance; and ensure that the institution helps to meet its community's credit needs. Board member, commercial lending expert and author Phil Okun says, "Frank Carone brings with him a savvy business sense, herculean work ethic and creative ideas. He is a great addition to the Hanover Community Bank Board of Directors. Welcome aboard Frank!" www.philipokun.com

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