Spencer Savings Bank Welcomes Alexander Booth as Chief Financial Officer

Elmwood Park, NJ, October 19, 2018 --(PR.com)-- 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 analysis. He will assist the President and CEO with strategic growth for the bank including due diligence, risk assessment, evaluation and integration of business opportunities. He will be part of the Executive Management team, reporting directly to Jose Guerrero, Chairman, President and CEO of Spencer Savings Bank.

“We are delighted to welcome Alex to our executive management team,” said Guerrero. “Alex’s varied and extensive experience in both consulting and executive roles, guiding enterprises to higher operating performance, will be a true asset to Spencer. We are eager to benefit from his insight and expertise and look forward to partnering with him to build a strong collaborative team here at Spencer.”

Booth has almost 35 years of experience as a financial professional serving the banking, insurance and business service industries. Prior to joining Spencer Savings Bank, he held senior roles in strategy and planning for IDB Bank and HSBC Insurance – North America. For years, Booth also worked as an advisor for MetLife, implementing financial governance on a major acquisition as well as a variety of other high profile projects. Booth is a graduate of the Wharton School of the University of Pennsylvania (MBA, Finance) and Canisius College (MBA, Accounting).

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 x 8421
VP, Corporate Communications Director
Spencer Savings Bank
Anita Guerrero
201-703-3800 x. 8421