To paraphrase the theme song from “Cheers”, one of the most popular television shows of all time – “You want to be where everybody knows your name.” Throughout 2020 and into 2021, there are few mottos as important to our customers as this. A customer’s banking relationship must have that same rapport as Sam Malone, …
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 share these efforts with representatives of New Jersey’s …
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 bank. “We were delighted to have the opportunity to …
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 season. Contactless shopping was done with items purchased at …
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 members. Thomas J. Duch was elected …
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 Deposit Operations, Project Management, New Product Development and …
Michael H. Claisse, Senior Vice President and Director of Commercial Real Estate Lending at Spencer Savings Bank, recently sat down for an interview on all that Spencer Savings Bank has to offer the Commercial Real Estate market. Tell us a little bit about what Spencer Savings Bank offers the Commercial Real Estate market? Spencer Savings …
Spencer Savings Bank is making the holidays brighter for disadvantaged community members. The bank held a recent toy drive, collecting almost 150 gifts for disadvantaged community members. Gifts were distributed to the New Jersey Community Development Corporation (NJCDC) in Paterson, N.J. and CarePlus in Hackensack, N.J. For weeks, the Spencer team worked on an internal …
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 Northern New Jersey. “We are grateful for supportive community …
Spencer Savings Bank is pleased to announce the promotion of Jane E. Allerman-Rey to bank president. With the unanimous support of the Bank’s Board of Directors, Ms. Allerman-Rey, who presently serves as First Executive Vice President and Chief Operating Officer, will be promoted to President, effective January 1, 2021. She assumed the responsibilities of president …