Press Releases
SPENCER SAVINGS BANK EXCEEDS GOAL FOR CYSTIC FIBROSIS FOUNDATION FUNDRAISER

ELMWOOD PARK, NJ (March 18, 2009) – Spencer Savings Bank, headquartered in Elmwood Park, recently unveiled the results of its two-month fundraising campaign for the Cystic Fibrosis Foundation’s “65 Roses” fundraising drive. The Bank helped to raise more than $3,200, surpassing its original goal of $2,500.

The name “65 Roses” is what some children with cystic fibrosis have called their disease, since the pronunciation is a bit difficult. The organization officially adopted this slogan, making it the official title of its annual fundraiser. Roses were distributed to all 18 of the Bank’s branch locations, as well as its headquarters. As donations were made, purchasers had the opportunity to sign the roses with their name for display within the bank.

"Thanks to the support of our customers and employees, we have once again demonstrated our ability to make a change,” said José B. Guerrero, President, Chairman and CEO of Spencer Savings Bank. “We are delighted to have partnered with the Cystic Fibrosis Foundation, and together with our community, we are committed to helping the Foundation raise much needed funds.”

When the Cystic Fibrosis Foundation was established in 1955, most children did not live to attend elementary school. Today, the predicted median age of survival is more than 37 years, thanks—in large part— to the care provided through the national network of CF Foundation-accredited centers. The network provides expert cystic fibrosis care for people living with the disease. In fact, the National Institutes of Health has cited the CF care center network as a model of effective and efficient health care delivery for a chronic disease. The Foundation funds and accredits about 115 cystic fibrosis care centers nationwide. Most care centers have a pediatric and adult program or clinic.

About Spencer Savings Bank:
Spencer Savings Bank, headquartered in Elmwood Park, NJ, is a community bank serving its local communities with integrity and pride for nearly 70 years. The Bank serves local consumers and businesses by offering a full line of personal and business banking products and services, operating 18 branches throughout northern New Jersey and providing electronic banking convenience via a call center, the Internet, and a network of ATMs. Spencer Savings Bank has more than $1.9 billion in total assets. For more information, visit Spencer’s Web site at www.spencersavings.com or call 800-363-8115.

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