Spencer Savings Bank Honored with Financial Managers Society (FMS) Community Engagement Award

Spencer Savings Bank was recently honored with the Financial Managers Society (FMS) Community Engagement Award. The FMS Community Engagement Award has been established by the organization to recognize institutions that have answered the call of duty amidst a global pandemic and provided service and... - August 14, 2021

Spencer Savings Bank Distributes $50,000 in FHLBNY Grants to Small Businesses and Non-Profits

Spencer Savings Bank is proud to announce that it has distributed an additional $50,000 in grant funding, provided by the Federal Home Loan Bank of New York’s Small Business Recovery Grant Program, to small businesses and nonprofit organizations. The program supports the financial security... - August 07, 2021

Spencer Savings Bank Awards Almost $25,000 in Scholarships to Local Students

Spencer Savings Bank has awarded almost $25,000 in scholarships to high school and middle school students from 32 local schools in Bergen, Passaic, Union, Mercer, Morris and Essex counties. To date almost $500,000 has been awarded since the program first started in 2002. “As a community... - July 17, 2021

Spencer Savings Bank President Jane Allerman-Rey Appointed to NJBankers Board of Directors

Spencer Savings Bank, a leading New Jersey-based community bank, is pleased to announce that President and COO Jane Allerman-Rey has been appointed a member of the New Jersey Bankers Association (NJBankers) Board of Directors. She has been elected for a two-year term. “It is an honor to be a... - June 19, 2021

Spencer Savings Bank Helps Feed Needy Community Members with Eva’s Village Donation

Spencer Savings Bank recently made a $2,500 donation to Eva’s Village to help feed community members. The organization’s Community Kitchen is serving to-go breakfast and lunch to over 400 individuals daily. This is in addition to serving 3 prepared meals a day to those residing in their... - May 15, 2021

Spencer Savings Bank Inks $22 Million Loan Deal for Global Manufacturing Company

Spencer Savings Bank recently closed on a $22 million loan for a global manufacturing company headquartered in New York City. The deal is the bank’s largest single transaction in history, signaling a continued appetite for growth and the desire for borrowers to work with a community... - April 24, 2021

Spencer Savings Bank Appoints George Celentano to Executive Vice President, Chief Retail Banking Officer

Spencer Savings Bank is pleased to announce the promotion of George Celentano to the position of Executive Vice President, Chief Retail Officer. Celentano will be responsible for the performance of the bank's Retail business across all products and channels and for leading the team in building and... - April 10, 2021

Spencer Savings Bank CFO Steve Fusco Named Leader in Finance by NJBIZ

Spencer Savings Bank recently announced that Executive Vice President and CFO Steve Fusco has been named a “Leader In Finance” by NJBIZ, New Jersey’s leading statewide business newspaper. The Leaders in Finance awards program celebrates New Jersey’s financial executives at... - April 03, 2021

Spencer Savings Bank Receives NJBankers’ 2019 Community Service Award

Spencer Savings Bank is pleased to announce that it was recently awarded with the NJ Bankers’ 2019 Community Service Award for its community service work. The Community Service Award Project, sponsored by NJBankers, is an annual program held to both celebrate the community work of members and... - March 18, 2021

Spencer Savings Bank Hosts “Warm Up This Winter” Drive for Bridges Outreach Nonprofit

Spencer Savings Bank recently hosted a “Warm Up This Winter” drive in support of Bridges Outreach, a non-profit organization headquartered in Union County. The bank and employees donated hundreds of new socks, gloves, hats and scarves to help keep their clients nice and warm this winter... - February 26, 2021

Spencer Savings Bank Announces Results of 2021 Annual Meeting, Welcomes New Board Members

Spencer Savings Bank, a leading New Jersey-based community bank, announced that its 2021 Annual Meeting was held on Thursday, January 21, 2021. At the meeting, Peter J. Hayes was re-elected to the bank’s Board of Directors, for a term of three years. The bank also welcomed two new board... - February 07, 2021

Spencer Savings Bank Appoints Kinga Mikos to Vice President, Director of Retail Administration

Spencer Savings Bank is pleased to announce the promotion of Kinga Mikos to the position of Vice President and Director of Retail Administration. Mikos will be responsible for leading and managing the Deposit Operations and Retail Service departments at the bank. Mikos brings over two decades of... - January 29, 2021

Spencer Savings Bank Supports Mental Health Initiatives, Donates $7,500 to CBH Care

Spencer Savings Bank recently made a $7,500 donation to CBH Care, in support of mental health services in its community. The nonprofit organization is a leader in behavioral health care services for New Jersey and Bergen County, offering compassionate and mental health services to thousands in... - December 19, 2020

Spencer Savings Bank Welcomes Ryan Peene as Senior Vice President and Director of Market Growth and Development

Spencer Savings Bank is pleased to welcome Ryan Peene as Senior Vice President and Director of Market Growth and Development. Peene will be in charge of leading and executing strategic growth strategies for the bank. Peene is an accomplished senior executive with years of experience in commercial... - October 17, 2020

Spencer Savings Bank Distributes $400,000 to Community for Pandemic Relief, Helps Save Businesses with Over $15M in PPP Commitment

Spencer Savings Bank recently distributed $400,000 to a variety of community members affected by the pandemic. A donation of $200,000 was made to local hospitals and nonprofits. Spencer was also able to provide, in conjunction with the Federal Home Loan Bank of NY, an additional $200,000 in grants... - October 15, 2020

Spencer Savings Bank Donates $7,000 to Habitat for Humanity to Help Build Communities and Fulfill Dreams of Home Ownership

Spencer Savings Bank is pleased to announce it has donated $7,000 to Habitat for Humanity to help build communities and fulfill dreams of home ownership in New Jersey. The donations were made to Paterson Habitat for Humanity as well as Habitat for Humanity in Morris, Bergen, Union and Essex... - September 28, 2020

Spencer Savings Bank Welcomes Robert Vivo as Senior Vice President and Director of Retail Sales/Service

Spencer Savings Bank is pleased to welcome Robert Vivo as Senior Vice President and Director of Retail Sales/Service. Vivo will be responsible for leading and overseeing the Retail Financial Center Network, Retail Training and the Customer Service Center. A seasoned senior executive with thirty... - September 27, 2020

Spencer Savings Bank Hosts Hygiene For Humanity Drive for Needy Community Members

Spencer Savings Bank recently hosted a Hygiene for Humanity drive where almost 100 items were collected for the nonprofit Eva’s Village in Paterson, N.J. To comply with social distancing rules and everyone’s safety, the drive was hosted virtually through an Amazon Wish List. Employees... - September 17, 2020

Spencer Savings Bank Awards Almost $25,000 in Scholarships to Local Students

Spencer Savings Bank was pleased to continue its scholarship program this year and award almost $25,000 in scholarships to both high school and middle school students throughout New Jersey. The scholarships will help families in New Jersey pay for their child’s education. Students were... - August 12, 2020

Spencer Savings Bank Sponsors Socially Distant Drive-in Movies This Summer

Spencer Savings Bank kicked off the start of summer by sponsoring two drive-in movie nights for local community members. Social distancing guidelines were followed with vehicles being spaced accordingly and guests encouraged to wear masks. It was a nostalgic approach to continuing Spencer’s... - July 15, 2020

Spencer Savings Bank is Pleased to Announce the Promotion of Anthony Niciejewski to Vice President, Market Manager

Spencer Savings Bank is pleased to announce the promotion of Anthony Niciejewski to the position of Vice President, Market Manager. In his new role, Niciejewski will lead the overall success of the bank’s Essex and Morris county teams - specifically in the Lyndhurst, Nutley, North Caldwell... - June 21, 2020

Spencer Savings Bank Donates $100,000 to NJ Hospitals Battling The Coronavirus Pandemic

Spencer Savings Bank recently made a $100,000 donation to support NJ hospitals battling the coronavirus pandemic. A donation of $50,000 was made to Hackensack University Medical Center in Bergen County and Trinitas Regional Medical Center in Union County. “We are so grateful to Spencer... - May 06, 2020

Spencer Savings Bank Helps Eva’s Village Coach Its Job Seeking Community with Mock Job Fair Participation

Spencer Savings Bank, a leading New Jersey-based community bank, recently spent the morning in Paterson helping Eva’s Village coach its job seeking community with participation in a mock job fair. Employees, posing as hiring managers, interviewed clients and provided feedback on both... - March 12, 2020

Spencer Savings Bank Announces Relocation of Financial Center in Union, N.J.

Spencer Savings Bank, a leading New Jersey-based community bank, is pleased to announce that it will be relocating its Union Financial Center at 1331 Magie Avenue to 1350 Galloping Hill Road (in the Galloping Hill Center). The new location, approximately one mile away from the current one, is a... - March 11, 2020

Spencer Savings Bank’s Carmen Rivera, Vice President and Market Manager, Honored by Groundwork Elizabeth with "Outstanding Conservation Partner" Award

Spencer Savings Bank, a leading New Jersey-based community bank, is excited to announce that Carmen Rivera, Vice President and Market Manager, was recently honored with the “Outstanding Conservation Partner Award” by Groundwork Elizabeth. The presentation took place on February 19 at... - February 28, 2020

Spencer Savings Bank Invites Public to Have "Coffee With A Cop"

Spencer Savings Bank, a leading New Jersey-based community bank, would like to invite local residents and businesses to join them for "Coffee With A Cop." The free event will take place from 10am – 1 pm on Monday, February 24 at the Spencer Financial Center in Garfield, located on... - February 22, 2020

Spencer Savings Bank Welcomes Rich Vaill as Vice President and Business Development Officer Team Leader, Grows Retail Banking Business Team

Spencer Savings Bank, a leading New Jersey-based community bank, recently announced the expansion of its Retail Banking Business team with the addition of a new business development team leader. The bank recently hired Vice President Richard Vaill as Business Development Officer Team Leader. With... - February 15, 2020

Spencer Savings Bank Announces the Re-Election of Two Board Members at Annual Meeting

Spencer Savings Bank, a leading New Jersey-based community bank, has announced the re-election of Nicholas Lorusso and Barry Minkin 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 23... - January 31, 2020

Spencer Savings Bank Welcomes Sid Vaidya as C&I Relationship Manager and Vice President, Grows Commercial & Industrial Lending Team

Spencer Savings Bank, a leading New Jersey-based community bank, recently announced the expansion of its Commercial and Industrial Lending team with the addition of a new lending expert. The bank recently hired Vice President Sid Vaidya, as C&I Relationship Manager, to meet the growing demands... - January 13, 2020

That’s a Wrap on “Movies Under the Stars” – Spencer Savings Bank Sponsors Fun, Free Family Movie Nights

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... - October 19, 2019

Spencer Savings Bank Partners with Habitat for Humanity to Provide “Hand Up” to Community Members Looking to Achieve Home Ownership Dreams, Donates $6,500

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... - October 17, 2019

Spencer Savings Bank Welcomes New Business Development Officers, Grows Retail Business Development Team 

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... - October 15, 2019

Spencer Savings Bank Helps Bring Hope to Veterans - Donates $10,000 to Community Hope

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 Helps Needy Children Get School Supplies – Donates to Center For Food Action in Saddle Brook

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... - August 14, 2019

Spencer Savings Bank Welcomes New Senior Vice President and Director of Commercial and Industrial Lending

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... - July 15, 2019

Spencer Savings Bank Awards $25,000 in Scholarships to Local Students

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

Jose B. Guerrero, Chairman, President and CEO of Spencer Savings Bank, Honored as Grand Marshal of the 2019 Garfield Memorial Day Parade

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 and Welcomes New Team Members

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

Spencer Savings Bank Celebrates Financial Literacy Month with Almost 300 Students

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 Donates $7,500 to CBHCare in Support of Mental Health

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

Spencer Savings Bank Donates $30,000 Towards Historic Paper Plant Destruction, Assists Employees and Honors First Responders

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

Spencer Savings Bank Raises Over $18,500 with 8th Year New York Football Giants Snow Bowl Participation

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 Welcomes New Executive Vice President and Chief Financial Officer

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,... - March 18, 2019

Spencer Savings Bank Helps Eva’s Village Prepare Clients for Job Success

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

Spencer Savings Bank Holds Annual Meeting and Announces Board of Directors Election Results

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

Spencer Savings Bank’s Annual Toy Drive Brings Joy to Hundreds of Children in the Community

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

Spencer Savings Bank Recognizes Anthony Niciejewski, NJBankers Emerging Leaders Rising Star Award Winner

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

Spencer Savings Bank Sponsors Lunch Program, Feeds Hundreds of Needy Community Members, and Distributes Over 1,000 Hygiene Items

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 Celebrates Grand Opening in Downtown Westfield

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... - November 09, 2018

Spencer Savings Bank Welcomes Michael Claisse as Commercial Real Estate Director

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,... - October 30, 2018

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