Spencer Savings Bank Welcomes Michael Claisse as Commercial Real Estate Director

Elmwood Park, NJ, October 30, 2018 --(PR.com)-- 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 quality management and asset retention, in addition to developing long term client relationships. He will be reporting to John Duncan, Executive Vice President and Chief Lending Officer.

“Michael has a proven track record of success. His vast experience, understanding and perspective on commercial real estate and business development will be of great value to the bank,” said Jose Guerrero, Chairman, President and CEO of Spencer Savings Bank. “We are excited to have his expertise in building our commercial lending portfolio and welcome him to the Spencer team.”

Claisse is a commercial and real estate lending professional with over 25 years of extensive finance experience across all real estate debt and equity product lines. Prior to joining Spencer Savings Bank, he held senior real estate finance roles at NatWest, Bank of New York Mellon and Bank of America. Claisse has been a speaker and panelist at multiple national conferences and seminars. Prior to joining Spencer, he was a member of the Board of Directors for Affordable Housing Investors Council (AHIC) and New York State Association for Affordable Housing (NYSAFAH). He holds a Bachelor of Science degree from Rutgers University.

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