Spencer News

Spencer Savings Bank, a leading New Jersey-based community bank, celebrated its 35th anniversary in Union, New Jersey. In honor of the anniversary milestone, the bank donated $20,000 to the Union Police Department, Union Fire Department and the Union P.A.L. “We are excited to celebrate our 35th anniversary in Union! We first opened our doors here …

Spencer Savings Bank is pleased to announce the promotion of Agnieszka Fila to Financial Center Manager. Agnieszka (best known as “Aggie”) is responsible for leading and managing customer relationship development, local community engagement and the day-to-day operations of the bank’s Saddle Brook financial center, located at 140 Market Street. “We are very proud to announce …

David DeNooyer, Spencer’s Commercial Real Estate’s Vice President and Team Leader, has enjoyed an almost 50-year career in the finance industry. Next month, he is set to retire. Dave has dedicated many decades of his life to both banking and fatherhood. As we prepare to celebrate Father’s Day, we sat down with Dave for a …

Spencer Savings Bank is pleased to welcome Noah Michael O’Hare as the new Financial Center Manager of the Spencer Savings Bank Ewing location on TCNJ Campus (200 Campus Town Circle). He is responsible for the center’s management and business development. “Noah is a strong addition to the Spencer team with great banking experience, a strong …

Josef Toribio, Spencer’s Financial Center Service Representative, recently joined Spencer after the Mariners Bank merger and is part of the Cresskill team. Josef is known for providing excellent customer service and prides himself on really doing the work and taking the time needed to find smart banking solutions to customers’ issues. Born in the Province …

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 overseeing the bank’s cash, securities and wholesale funding portfolios. He will lead …

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 hardship due to the COVID-19 pandemic. “We are …

Upon an appeal by the Bank, the New Jersey Supreme Court has ordered a stay in the effectiveness of an order by the Passaic County Superior Court. As part of that action the Supreme Court directed that the annual member meeting scheduled for January 21, 2022 be delayed until a final judgement is entered by …

Spencer is pleased to welcome Gwendolyn Schenck as its new Vice President, BSA Officer. She will be responsible for ensuring compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering regulatory requirements. “We are excited to welcome Gwendolyn to our team,” stated Allison Danchak, Senior Vice President, Compliance Director. “She is very knowledgeable about BSA …

Jane Allerman-Rey, Spencer’s President and COO, has been an integral part of the growth and success of Spencer Savings Bank, one of New Jersey’s leading community banks. She started her career at Spencer almost 30 years ago and has helped build a strong team, taking the bank from a $900 million company, at the time, …