Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to announce the promotion of Michael Claisse to Executive Vice President and Chief Lending Officer.
Claisse joined the bank in 2018 as Director of Commercial Real Estate Lending where he managed the bank’s Commercial Real Estate department and was responsible for growing the portfolio while maintaining excellent credit quality. In his new role, he will assume leadership responsibilities across all residential, consumer and commercial lending areas as well as oversee the loan portfolio management and loan operation functions.
“Michael has been an essential member of the Spencer Savings Bank team since he joined the bank in 2018. His proven leadership, expertise in lending and commitment to customer excellence will continue to drive our company’s future success,” stated Jose Guerrero, Chairman and CEO. “His promotion reflects the significant contributions he has made to the growth of the bank. We look forward to his partnership with the executive team as we all work together to find the very best financing solutions for our customers.”
Claisse is a seasoned banking executive with over 30 years of industry experience. He has a strong background in real estate equity and finance products. Prior to joining Spencer Savings Bank, he held numerous senior positions and real estate finance roles at both public and mutual banks. He is frequently a speaker and panelist at national lending conferences and seminars.