Elmwood Park, NJ, September 03, 2018 --(PR.com
)-- 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 well as management of the loan portfolio.
“John has been an integral member of our executive leadership team since he joined the bank almost 15 years ago. Under his leadership and expertise, the bank has witnessed great growth especially in the commercial lending area”, said Guerrero. “John is passionate, dedicated and extremely focused on finding the very best financing solutions for Spencer’s customers. The promotion reflects the significant contributions John has made to the growth of the bank, and we are confident he will continue to be an integral member of the Executive team.”
Duncan is a seasoned banking executive with 35 years of experience in the industry. In 2004, he joined Spencer Savings Bank and during his 14 year tenure, the loan portfolio has grown from $600 million to $2.1 billion today. He currently leads a 65-person lending team comprised of Mortgage Originations, Consumer Lending, Commercial Real Estate, Commercial and Industrial Lending and Loan Operations.
About Spencer Savings Bank:
Spencer Savings Bank, a community bank headquartered in Elmwood Park, N.J., has been serving its local communities with integrity and pride for more than 75 years. The bank has over $2.7 billion in total assets and operates 21 branches throughout New Jersey. Spencer specializes in delivering premier banking products and services for consumers and businesses. Visit SpencerSavings.com for more information.
For more information, contact:
Anita Guerrero (SSB): 201-703-3800 x8421
VP, Corporate Communications Director