At Spencer, we believe strong relationships drive business success. That’s why we offer personalized financial solutions and exclusive discounts designed to support your growth. Take advantage of these limited-time offers and experience banking that puts your business first.
PLUS – when you open a Commercial Checking Account with Spencer Savings Bank, you’ll have exclusive access to:
- Earnings Credits to Offset Fees for Services Used
- Link All Your Commercial Accounts in One Analysis to Maximize your Earnings Credits on All of Your Deposit Balances Kept with the Bank
- BankingPlus Employee Benefit Program which Provides Special Banking Benefits to Your Employees for Banking Services
- Visa Business Debit Card for POS and/or ATM Transactions
- Merchant Services to Accelerate your Collection of Revenues
- Suite of Cash Management Services to help Manage your Excess Cash and Make your Business Banking more Efficient
With Spencer, you get more than just a bank—you get a dedicated financial partner invested in your success.
Sergio Musacchio
SVP, Director of Commercial & Industrial Lending and Small Business Finance smusacchio@spencersavings.com 1-201-703-3827Take advantage of these offers today!
Visit your local Financial Center and speak with one of our banking specialists to learn more.
Spencer refinances are not eligible for any of these loan promotions. Available to business entities that are physically located or licensed with the appropriate NJ or PA state or local governmental authority and operating with significant activities in NJ (“New Jersey Business”) or Bucks County, PA. Commercial loan financing is available for properties located in NJ, NYC Boroughs, and eastern PA. For both loan offers, an active commercial checking operating account with Spencer is required to receive the rate discounts. An active checking account is defined as an account that has multiple debits and credits coming in and out of the account monthly. There is a standard ½% commitment Fee on all C&I Lending Lines of Credit or Term Loans. All loans are subject to credit approval. Offers are only valid at Cliffside Park, Edison, Elizabeth, Hackensack, Paramus, Union, and West Caldwell market areas for loan applications submitted through June 30th, 2025. ¹Cash Management: Open any new Commercial Checking Account to qualify for six months of free Cash Management Services. Services include monthly subscription charges for the following services: Remote Deposit Capture, Automatic Clearing House, Online Portal, Wire Modules, and Positive Pay Modules. Waivers are valid for new commercial checking clients enrolled by 4/30/2025 and are valid for 6 months following the account opening date. After 6 months, standard monthly charges will apply. ²Line of Credit: This is a variable rate (published base rate using the current Wall Street Journal prime rate) line of credit for line amounts up to $5 Million. The borrower can receive up to a 0.25% rate reduction off current pricing. The line of credit interest rate is based on the total non-interest-bearing deposit account relationship of the borrower(s) and guarantor(s). To qualify for this offer, the customer must keep compensating operating business dda deposit balances averaging over a twelve-month period of 15% or greater of the loan amount. Upon annual renewal of this line of credit, the variable rate will be adjusted to reflect standard pricing in relation to total non-interest deposits. ³Term Loan: Term loans are fixed rate loans with terms ranging from 12 months to 60 months for loan amounts up to $10 Million. The borrower can receive up to a 0.50% rate reduction off current pricing. To qualify for this offer, the customer must keep compensating operating business dda deposit balances averaging over a twelve-month period of 15% or greater of the loan amount for the term of the loan.