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Spencer Savings Bank

Press Releases

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That’s a wrap on Spencer’s “Movies Under The Stars” summer series. Spencer Savings Bank celebrated summer by partnering with various community organizations to host fun, free movie nights for families in local communities. The bank sponsored the events, which in total drew more... - October 19, 2019
Spencer Savings Bank recently partnered with Habitat for Humanity to help provide a “Hand Up” to community members looking to achieve their home ownership dreams. The organization is dedicated to improving the lives and communities by providing decent and affordable homes for hard-working... - October 17, 2019
Spencer Savings Bank, a community bank headquartered in northern N.J., recently announced the expansion of its Retail Bank’s Business Development group. The bank recently hired two new business development officers, Daniel Murphy and Anthony Axtmann, to meet the growing demands of the division. - October 15, 2019
Strong communities are built upon strong foundations. To build those strong foundations, Spencer Savings Bank continues to help bring hope to veterans with a recent $10,000 donation to Community Hope, the leading non-profit in New Jersey serving veterans and at-risk veteran families. - September 19, 2019
Spencer Savings Bank recently hosted a school supply drive to support the Center For Food Action in Saddle Brook. For almost a month, the bank collected school supplies for local children, including binders, pencils, notebooks, backpacks and more. Spencer employees recently visited the center to drop... - August 14, 2019
Spencer Savings Bank is pleased to welcome its newest member to the leadership team, Juan H. Oelofse, as Senior Vice President and Director of Commercial and Industrial Lending. Oelofse will be responsible for managing and directing the activities of the bank’s Commercial & Industrial Lending... - July 15, 2019
An advocate for education, Spencer Savings Bank takes their work beyond financial services and invests in students who wish to further their education. They recently awarded $25,000 in scholarships to high school and middle school students from 33 local schools in Bergen, Passaic, Union, Mercer, Morris and Essex counties. The awards were distributed at the bank’s annual scholarship ceremony on June 26, 2019. To date over $400,000 has been awarded, since the program first started in 2002. - July 05, 2019
Memorial Day is a time to reflect and remember those who died while serving in the American armed forces. Jose B. Guerrero, Chairman, President and CEO of Spencer Savings Bank, was recently honored as the Grand Marshal of the 2019 Garfield Memorial Day Parade. A team of Spencer employees, family and friends came out to celebrate, remember and honor those who served our great nation. - June 10, 2019
Spencer Savings Bank is pleased to announce the promotions of longtime Garfield Financial Center employees Marzena Czachor, Sharon Styborski, Beata Burdzy and Ewelina Biskup. The bank is also excited to welcome new team members from its Saddle Brook and Elmwood Park locations, Valerie Gaspard and Maria Guerra, to the Outwater Lane team. The promotions and bank moves are effective June 3rd. - June 10, 2019
Teach Children To Save Day is an opportunity for bankers to demonstrate their commitment to community by teaching young people the value of saving. Spencer Savings Bank recently celebrated Financial Literacy Month with almost 300 students across various schools in New Jersey. Bank employees participated in “Teach Children To Save Day” events and taught fifth and sixth grade students lesson plans on the importance of saving and other money management skills. - April 30, 2019
Spencer Savings Bank continues to support mental health and wellness in their community. They recently made a $7,500 donation to CBHCare, in support of mental health services in its community. The nonprofit organization, celebrating its 50th Anniversary, is the leader in behavioral health care services for New Jersey and Bergen County, offering compassionate and mental health services to thousands in Northern New Jersey. - April 22, 2019
A bank that is dedicated to their community doesn't go unnoticed. Spencer Savings Bank recently made a $30,000 donation to benefit those who suffered through the Marcal Paper Plant fire tragedy. - April 12, 2019
The Special Olympics has been changing attitudes about the talents of people with intellectual disabilities and creating a more inclusive world. Spencer Savings Bank has raised $18,633 for Special Olympics New Jersey, with its 8th year participation in the New York Football Giants Snow Bowl. The bank continues to be one of the strongest supporters of the organization, coming in as the 2nd highest fundraising team overall, continuing its streak of being one of the top three fundraising teams. - April 03, 2019
Spencer Savings Bank is pleased to welcome its newest member to the executive management team, Steven M. Fusco, as Executive Vice President and Chief Financial Officer. Fusco will be responsible for the overall management of Spencer’s Finance Division, including the areas of accounting, treasury,... - March 18, 2019
Many individuals go to Eva’s Village to find hope and a new beginning. Spencer Savings Bank, a community bank headquartered in Elmwood Park, N.J., recently partnered up with Eva’s Village to empower, mentor and prepare Eva’s Village clients for job success. The Paterson-based nonprofit works to break the cycle of poverty and addiction through a unique and integrated approach. - March 06, 2019
Dedicated leader and 40 year banking veteran is re-elected to the bank’s Board of Directors. Spencer Savings Bank, a community bank headquartered in Elmwood Park, N.J., has re-elected Jose B. Guerrero to the bank’s Board of Directors, for a term of three years. The election was announced at its Annual Meeting, held at the Royal Manor in Garfield, on January 24, 2019. - January 31, 2019
Bringing a smile to a child's face is always a wonderful sight to see during the holidays. Spencer Savings Bank held its annual toy drive in December, bringing joy to hundreds of children in the local community. Employees from the bank, some dressing up as Santa and Mrs. Claus, visited local nonprofits to pass out toys to the excited children and hear all about their holiday wishes. - January 15, 2019
Anthony Niciejewski, Spencer Savings Bank’s Business Banking Officer, was recently honored with the NJBankers Emerging Leaders Rising Star Award. Spencer sat down with Anthony to learn about paving a path to success – his way. - December 26, 2018
It is commendable when organizations assist community members during the holiday season. Spencer Savings Bank recently sponsored the “Fund A Meal” program at Eva’s Village to help celebrate the spirit of the season by giving back. Employees also visited the nonprofit to help serve a hot lunch meal to hundreds of needy community members. Goodie bags filled with more than 1,000 hygiene items were also distributed to the guests. - November 29, 2018
Spencer Savings Bank celebrated the official opening of its financial center in Westfield, N.J. last week with a ribbon cutting ceremony. Westfield Mayor Shelley Brindle joined the bank and town officials in celebrating the new business location in downtown Westfield at 240 North Avenue. The center,... - November 09, 2018
Spencer Savings Bank is pleased to welcome Michael Claisse as Senior Vice President, Director of Commercial Real Estate. Claisse will be responsible for the management of the bank’s Commercial Real Estate division with an emphasis on growing Spencer’s commercial lending portfolio, credit... - October 30, 2018
Spencer Savings Bank is pleased to welcome Alexander C. Booth as Senior Vice President, Chief Financial Officer. Booth will be responsible for the overall management of Spencer’s Finance Division, including the areas of accounting, treasury, financial reporting as well as financial planning and... - October 19, 2018
Jose B. Guerrero, Chairman, President and CEO, Spencer Savings Bank, Elmwood Park, NJ was recently honored with the David Sarnoff Award for Advocacy at the Sixth Annual New Jersey Immigrant Entrepreneurs Awards at the Asian Indian Chamber of Commerce Multi-Chamber Event in Monmouth Junction. Under Jose's leadership, Spencer has spent decades making its community a better place to live and work. - October 18, 2018
Spencer Savings Bank recently wrapped up its annual “Movies Under The Stars” series with two final events in Elmwood Park and Garwood. A crowd of almost 400 attended the events which have been a hit all summer long. Spencer partnered up with the Elmwood Park Recreation Department, the Borough of Garwood, and the Greater Westfield Area Chamber of Commerce to provide the movie nights for local families. Join Spencer in 2019 for their next “Movies Under The Stars” series. - October 16, 2018
What better way to celebrate summer than with a "Movies Under the Stars" series? Spencer's Savings Bank has been busy all summer long hosting its annual summer movie series. The free movie nights and activities have become a staple in the community over the years. The bank recently partnered with the Garfield YMCA, the Wayne Public Library and the Wallington Little League and Lions Club to host events for the Garfield, Wayne and Wallington communities. - September 10, 2018
Spencer Savings Bank is pleased to announce the promotion of John C. Duncan to the position of Executive Vice President & Chief Lending Officer. Duncan, formerly Senior Vice President & Senior Lending Officer, has management and credit responsibility for the entirety of the Lending Division as... - September 03, 2018
Bergen Volunteer Center’s “Tools For Schools” program helps needy families in the area get the supplies they need and excited about the new school year. For years, Spencer Savings Bank has hosted school supply drives to support the Bergen Volunteer Center in Hackensack. This year's three week drive, held at the bank’s headquarters and branches, collected more than 250 school supplies for the children. Items collected will benefit clients of the Mentoring Moms and Mentoring Youth program. - August 31, 2018
Spencer Savings Bank is pleased to welcome George Celentano as Senior Vice President, Head of Retail Banking. Celentano will be responsible for the performance of the bank’s retail business across all products and channels and will lead the team in continuing to build and nurture strong relationships within the community. Celentano will be part of the Executive Management team and will report to Jose Guerrero, Chairman, President and CEO of Spencer Savings Bank. - August 20, 2018
Local banks need to have strong industry knowledge and experience, and also need to be able to provide a personal touch to really connect with customers and help them achieve their financial goals. Savings Bank is pleased to welcome two new Branch Managers to their Lyndhurst and Lodi branch locations. Radika Lutchman and Jill Gregg have joined the bank as Branch Managers and will be responsible for the management and business development of the bank’s Lyndhurst and Lodi locations. - August 14, 2018
It's noteworthy when a local bank can help customers achieve their financial dreams, while also making their community a better place to live and work. Spencer Savings Bank is proud to announce that the New Jersey Banker Association has awarded the bank with the 2017 Community Service Silver Award. The award recognizes financial institutions for their efforts and initiatives which improve the lives of the citizens and communities that are served in New Jersey. - August 10, 2018
Savings Bank recently made a $5,000 donation to Habitat For Humanity in support of community members realizing their dreams of homeownership. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. In addition to its work with Habitat, Spencer also runs a variety of programs that help community members, of all different income levels, achieve homeownership. - August 06, 2018
Spencer Savings Bank recently awarded $26,000 in scholarships to 34 gifted students in local high schools and middle schools during a scholarship ceremony marking the bank’s 16th year supporting education dreams. Students from various New Jersey school districts, within Spencer’s market... - July 24, 2018
Customers value community banks that integrate convenience and state-of-the-art technology. Spencer Savings Bank is excited to announce that it has officially opened its Financial Center in Downtown Westfield. The new center is located at 240 North Avenue West, directly across the train station, and features the latest technology to simplify the banking experience. Those interested can join the bank in celebrating their new location and take advantage of some of their special offers. - July 21, 2018
Spencer Savings Bank believes financial education is the key to empowering the community. The bank is proud to announce that almost 800 local students increased their financial literacy knowledge through participation in the EverFi financial education program, sponsored by Spencer Savings Bank. This... - July 09, 2018
The American Cancer society leads the fight for a world without cancer. Recently, Spencer Savings Bank was honored by the American Cancer Society for its support of the Making Strides Against Breast Cancer program. The bank was a recent sponsor and received an award for its support. - June 28, 2018
Mental illness is a leading health crisis in America, and organizations are doing what they can to improve mental healthcare. Spencer Savings Bank recently did just that, by making a $10,000 donation to Comprehensive Behavioral Healthcare (CBHCare), in support of improving mental health in the community. The bank has been working with and supporting the organization for over three years. Donations help the organization sustain essential counseling and support services in the community. - June 27, 2018
When community members dedicate themselves to local businesses, those businesses thrive. Spencer Savings Bank’s Branch Manager Marta Alexandre has been appointed as new Board Member of the Greater Westfield Area Chamber of Commerce (GWACC), after serving as a member of the organization for the past eight years. Simultaneously, Alexandre will also be the Manager at Spencer's Westfield Financial Center opening in early July. - June 21, 2018
Over the years, Spencer Savings Bank has done just that by providing financial education to local students. As a result, the bank was honored with the 2018 Financial Capability Innovation Award presented by the nation’s leading technology innovator, EVERFI, Inc. The award recognizes Spencer’s significant efforts to improve the financial capability of Americans through unique digital learning initiatives. - May 23, 2018
Spencer Savings Bank has announced that Marta Alexandre will serve as Manager for the new Westfield Financial Center, a unique combination of a banking center and loan production office expected to open in early July 2018. Celebrating 15 years with Spencer this June and an overall 23 years in the industry, Marta Alexandre not only works in Union County but is also a longtime resident, giving her a strong sense of what local residents and businesses need in a community financial institution. - May 08, 2018
Customers value community banks that integrate convenience and state-of-the-art technology. Spencer Savings Bank has selected Westfield, N.J. as the site for its new, technologically advanced “Financial Center,” a unique combination of a banking center and loan production office. The interactive teller machines allow customers to complete transactions using a remote-controlled, ATM-based kiosk while being virtually guided by a banker. - April 17, 2018
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