Michael P. Puorro
Michael P. Puorro
Michael P. Puorro serves as Chairman, President and CEO of Hanover Community Bank, headquartered in Garden City Park, New York. Mr. Puorro recently led a successful recapitalization of Hanover Community, which has poised this Bank for significant growth in our marketplace. In 2007, Mr. Puorro was a leading member of an entrepreneurial organizing group and executive management team that successfully raised $32.5 million in capital from a private placement stock offering to form Madison National Bancorp, Inc., where he became its Co-Chairman and President. Madison National became one of the fastest growing de novo banks in the country, achieving profitability within eighteen months of operation and generating in excess of $300 million in assets. He is a certified public accountant and has been a senior banking executive with over 25 years’ experience in all facets of developing successful financial institutions. Mr. Puorro has established a high level of confidence and credibility and possesses a pristine reputation with all Regulatory Authorities, as well as Wall Street financial analysts, members of the investment community, and charitable and civic groups.
Before becoming a Founder, Director and Co-Chairman and President of Madison National, Mr. Puorro served as Executive Vice President and Chief Financial Officer of New York Community Bancorp, Inc. and New York Community Bank, 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. Prior to his tenure with New York Community Bank, Mr. Puorro served as Executive Vice President and Chief Financial Officer of Roslyn Bancorp, Inc. and The Roslyn Savings Bank, where in addition to managing the Company’s day-to-day financial operations, he was responsible for overseeing the Company’s fiscal plans, (financial) operating standards, and policies and procedures, as well as establishing current and long-term corporate objectives, which supported Company growth from less than $1 billion to over $12 billion in assets, and five to forty full service retail locations from 1992 through its merger with New York Community Bank in 2003. Additionally, Mr. Puorro served as Treasurer of The Roslyn Savings Foundation from 1997-2005.
Prior to joining The Roslyn Savings Bank in 1992, Mr. Puorro was a senior member of the Financial Services Group in the public accounting firm of KPMG LLP, specializing in financial institutions that ranged in size from local community banks to super money center institutions. While at KPMG, Mr. Puorro also served on the Firm’s Professional Practice Review Committee.
Mr. Puorro currently serves as the Chairman of the Board of Dowling College, where he earned a B.B.A. from their 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.
Mr. Puorro also serves as a member of the Board of Directors of The INN (Interfaith Nutrition Network), an organization which addresses the issues of hunger and homelessness on Long Island.