Spencer Savings Bank Donates $10K to Support STEM Education

Spencer Savings Bank Donates $10K to Support STEM Education

Spencer Savings Bank donated $10,000 to the Research & Development Council of New Jersey in support of their Governor’s STEM Scholars program. The generous contribution aimed to assist students in pursuing science, technology, engineering, and mathematics (STEM) fields. - March 06, 2024

Spencer Savings Bank Welcomes Vice President, Small Business Relationship Manager Phyllis Valentino

Spencer Savings Bank Welcomes Vice President, Small Business Relationship Manager Phyllis Valentino

Spencer Savings Bank has appointed Phyllis Valentino as Vice President, Small Business Relationship Manager. She assumes the role within the Bank’s Small Business Finance division, which was recently launched this past year and is experiencing great success. - February 09, 2024

Spencer Savings Bank Welcomes Vice President, Small Business Relationship Manager

Spencer Savings Bank Welcomes Vice President, Small Business Relationship Manager

Spencer Savings Bank has appointed Jesse Oliver as Vice President, Small Business Relationship Manager. He assumes the role within the Bank’s Small Business Finance division, which was recently launched this past year and is experiencing great success. - January 18, 2024

Spencer Savings Bank Donates $15,000 to Help Lyndhurst School Recover from Fire

Spencer Savings Bank Donates $15,000 to Help Lyndhurst School Recover from Fire

Spencer Savings Bank donated $15,000 to Lyndhurst Board of Education to rebuild Washington Elementary School after a fire destroyed a classroom, enabling the purchase of new equipment. - January 05, 2024

Spencer Savings Bank Welcomes New Vice President, Controller

Spencer Savings Bank has appointed Joseph Murphy as Vice President and Controller, responsible for overseeing the accounting team, financial reporting, operations, budgeting, profitability management, and monitoring. - December 29, 2023

Spencer Savings Bank Welcomes New Edison Financial Center Manager

Spencer Savings Bank has appointed Jorge Garcia as the Financial Center Manager of its Edison location, overseeing customer relationship development, community engagement, and daily operations. - December 22, 2023

Spencer Savings Bank Honored by NJ Senate and General Assembly for Promoting Academic Excellence Through Its Scholarship Program

The New Jersey Senate and General Assembly honored Spencer Savings Bank for its scholarship program, recognizing its commitment to academic excellence. - December 09, 2023

Spencer Savings Bank to Open New Financial Center in Edison

Spencer Savings Bank plans to open a new financial center in Edison, NJ, expected to open in December at 3900 Park Ave. (Ste. 108). - November 18, 2023

Spencer Savings Bank Welcomes New Hackensack Financial Center Manager

Spencer Savings Bank has appointed Yuber Calzadilla as the new Financial Center Manager at its Hackensack location, responsible for customer relationship development, community engagement, and daily operations. - November 10, 2023

Spencer Savings Bank Welcomes Sergio Musacchio as Senior Vice President and Director of Small Business Finance

Spencer Savings Bank has appointed Sergio Musacchio as Senior Vice President and Director of Small Business Finance, overseeing the bank's Small Business Lending division, implementing new lending products, maintaining a strong credit culture, and promoting team development. - September 22, 2023

Spencer Savings Bank Awards $37,500 in Scholarships to Local High School Students

Spencer Savings Bank has awarded $37,500 in scholarships to local high school graduates in New Jersey, each receiving a $1,500 scholarship for college tuition assistance. The bank's scholarship program, which began in 2002, has awarded over $600,000 to deserving students since then. The Class of 2023 received certificates and attended a scholarship ceremony at the bank's financial center in Elmwood Park, NJ. - July 26, 2023

Spencer Savings Bank Promotes Angelica Kline to Vice President, Customer Service Manager

Spencer Savings Bank is pleased to announce the promotion of Angelica Kline to Vice President, Customer Service Manager. Kline is responsible for leading the customer service center team in delivering outstanding customer service and support to all bank customers, as well as the daily operations... - June 30, 2023

Spencer Savings Bank Welcomes New Union County Market Manager

Ana Rodrigues is joining Spencer Savings Bank as its new Market Manager in Union County, New Jersey. She will lead the overall success of the bank's Union County teams and be responsible for overall team management and business development. She has over 10 years of experience in the banking and real estate investment industries and is fluent in Spanish and Portuguese. - May 17, 2023

Spencer Savings Bank Welcomes New Financial Center Manager

Hernandez is an experienced banker with almost 25 years of financial services industry experience. He will focus on building new relationships with customers and businesses in the Clifton community. - May 12, 2023


Spencer Savings Bank Announces Promotion of Mercedes Pedrick to Senior Vice President and Director of Home Finance

Spencer Savings Bank is pleased to announce the promotion of Mercedes Pedrick to Senior Vice President and Director of Home Finance. Mercedes has assumed leadership of the newly formed Home Finance group, which provides financing on all 1-4 family properties. "We are pleased to announce the... - February 16, 2023

Spencer Savings Bank Welcomes New Board Director

Spencer Savings Bank recently announced the appointment of Michael Fasano to its board of directors. Fasano joins Spencer Savings Bank, one of New Jersey’s strongest community banks, to support the bank in providing consumers, business owners and community organizations the best that... - January 07, 2023

Spencer Savings Bank Receives New Jersey Bankers Association 2022 Community Service Award

Spencer Savings Bank is proud to announce that the team has been honored with the New Jersey Bankers Association 2022 Community Service Award. The award recognizes companies that exhibit outstanding efforts in improving the lives of New Jersey citizens and the communities in which they... - December 23, 2022

Spencer Savings Bank Joins ABA and Banks Across U.S. for #BanksNeverAskThat Anti-Phishing Campaign

Spencer Savings Bank has joined the American Bankers Association and banks across the nation to promote an industry-wide campaign educating consumers about the persistent threat of phishing scams. The FTC estimates that consumers lost $5.8 billion to phishing and other fraud in 2021, an increase of... - October 20, 2022

Spencer Savings Bank is Hosting a Pet Adoption Day

Spencer Savings Bank will be hosting a Pet Adoption Day on Sunday, October 9th. Four rescue groups will be bringing their pets to their Elmwood Park Financial Center parking lot (680 River Drive) to find their new paw-rents and fur-ever home. The event will take place from 11am to 3pm. There will... - September 16, 2022

Spencer Savings Bank Partners with Habitat for Humanity to Help Fulfill Homeownership Dreams

Spencer Savings Bank recently partnered with Habitat for Humanity of Bergen County to help fulfill local homeownership dreams. The nonprofit helps families build and improve places to call home and provides a “hand up” to community members in need. Spencer employees volunteered their... - September 15, 2022

Spencer Savings Bank Wraps Up “Movies Under The Stars” Series; Hosts Free Outdoor Movie Nights

Spencer Savings Bank recently wrapped up its annual “Movies Under The Stars” series, hosting two free outdoor movie nights for the community in Lodi and Elmwood Park. In June and July, the bank partnered with the Borough of Lodi and the Elmwood Park Recreation Department to host the... - September 11, 2022

Spencer Savings Bank Awards $30,000 in Scholarships to Local Students

Spencer Savings Bank is pleased to announce that it has awarded $30,000 in scholarships to high school and middle school graduating students in Bergen, Passaic, Union, Mercer, Morris, and Essex counties. The bank has awarded almost $600,000 in scholarships to local students since 2002. “We... - July 29, 2022

Spencer Savings Bank Welcomes New Treasurer

Spencer Savings Bank is pleased to welcome Dushyant Abhyankar, as Senior Vice President and Treasurer of the Bank. His key responsibilities will be providing leadership and contributions related to balance sheet management, liquidity and interest rate risk management, pricing strategies as well as... - June 04, 2022

Spencer Savings Bank Honored with "Company Of The Year" Award by Gateway Chamber

Spencer Savings Bank was recently honored with the “Company Of The Year” award, by the Gateway Regional Chamber of Commerce, at its 110th annual awards dinner at the Marriott Hotel in Newark, NJ. The bank was honored for its support given to the business community facing economic... - May 08, 2022

Spencer Savings Bank Welcomes New Financial Center Manager in Garfield

Spencer Savings Bank is pleased to welcome Monica Vanegas, a long-time Bergen County resident, as the new Spencer Financial Center Manager of the Spencer Savings Bank Garfield location, located at 34 Outwater Lane. She will be responsible for the center’s management and business... - May 04, 2022

Spencer Savings Bank Donates $100,000 and Hosts Supply Drive to Support Humanitarian Relief Efforts in Ukraine

Spencer Savings Bank, a leading New Jersey-based community bank, is donating $100,000 to support humanitarian relief efforts in Ukraine. In addition to this, the bank also held a successful supply drive to support Ukrainian refugees, collecting more than 10 vehicles loaded with hygiene items and... - April 17, 2022

Spencer Savings Bank Donates $75,000 to the American Red Cross to Support Communities Across U.S. in Wake of Recent Tornado Devastation

Spencer Savings Bank, a leading New Jersey-based community bank, is donating $75,000 to the American Red Cross to support communities across U.S. in wake of recent tornado devastation. Last month, dozens of tornadoes ripped across multiple states (Arkansas, Illinois, Indiana, Kentucky, Missouri and... - January 21, 2022

Spencer Savings Bank Donates $10,000 to Support New Jersey STEM Scholars

Spencer Savings Bank, a leading New Jersey-based community bank, is donating $10,000 to the Research and Development Council of New Jersey to support the Governor’s STEM Scholars (www.govstemscholars.com), a program founded and established by the organization to support the state’s... - December 22, 2021

Spencer Savings Bank Closes on Merger with Mariner’s Bank

Spencer Savings Bank, SLA today announced the closing of its merger with Edgewater-based Mariner’s Bank in an all-cash transaction. - November 20, 2021

Spencer Savings Bank Announces Promotion of Kadean Bruce-Miller to Vice President, Commercial & Industrial Relationship Manager

Spencer Savings Bank, a leading New Jersey-based community bank, is pleased to announce the promotion of Kadean Bruce-Miller to the position of Vice President, Commercial & Industrial Relationship Manager. Bruce-Miller is responsible for managing a sizeable and diverse C&I Portfolio within... - October 23, 2021

Spencer Savings Bank Donates $75,000 to the American Red Cross NJ for Hurricane Ida Relief Efforts

Spencer Savings Bank, a leading New Jersey-based community bank, is donating $75,000 to the American Red Cross NJ to support Hurricane Ida relief efforts. “Hurricane Ida had a devastating impact in many communities across New Jersey,” said Jose B. Guerrero, Spencer’s Chairman and... - October 09, 2021

Spencer Savings Bank Supports Higher Education with Donation to Passaic County Community College (PCCC)

Spencer Savings Bank recently made a donation of $7,500 to Passaic County Community College (PCCC) to help provide financial support to low-income, minority students seeking higher education. The donation will be used to provide low-income students, enrolled in the Student Support Services (SSS)... - September 25, 2021

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

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