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  Important Information
Financial Center Updates & Important Information Read More

As the virus transmission rate continues to increase again in New Jersey, we’d like to inform you that we will be closing our lobbies to the general public effective Monday, December 7, 2020. If you need to conduct business inside one of our financial centers, you will be required to schedule an appointment.  However, we will be operating our drive-up facilities as normal.  Please see our revised hours of operation and financial center contact information. Financial Center Locations

Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility.  We appreciate your patience as we do our part to protect you and our employees from the spread of COVID-19. Financial Center Locations

Learn about all the ways Spencer is creating a safe and secure environment. Read More

We continue to stay committed to you during this difficult period.  View an updated message from our Chairman and CEO. Read More

Annual Meeting – January 23, 2020


Annual Meeting stock photo

Notice is hereby given that pursuant to its Bylaws, the Annual Meeting of the members of Spencer Savings Bank, SLA. (the “Bank”) will be held on Thursday, January 23, 2020 at 9:00 a.m. local time at 454 Midland Avenue, Garfield, NJ 07026 for the purpose of considering and voting upon the following matters:

1. To elect as a director the following individuals for the term indicated and until his successor shall be duly elected and qualified:

Nicholas Lorusso (until the 2023 Annual Meeting)

Barry C. Minkin (until the 2023 Annual Meeting)

2. To transact such other business as may properly be presented at the meeting.

Savings Members of record age 16 and older of the Bank at the close of business on November 23, 2019 who continue to be Savings Members through the date of the Annual Meeting and Borrowing Members at the close of business on November 23, 2019 who continue to be Borrowing Members through the date of the Annual Meeting may each vote at the Annual Meeting in person or by proxy. All proxies must be filed with the Corporate Secretary of Spencer Savings Bank, SLA at 611 River Drive, Center 3, Elmwood Park, NJ 07407 by 5:00 p.m. local time on Monday, January 13, 2020.

Savings Members of record are entitled to one vote for each $100.00, or fraction of $100.00, of the value of his or her savings account and Borrowing Members of record are entitled to one vote; but in no event will any Member have more than 1,000 votes at the Annual Meeting regardless of the number or types of savings accounts or the value of savings accounts standing in his or her name. If any one savings account is held by two or more persons jointly, only that number of votes as determined in the preceding sentence will be allowed on such savings account; provided, however, that no more than a maximum of 1,000 votes will be allowed on a savings account held by two or more persons jointly.