Important Notice
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  Holiday Closing & Important Update
We will be closed on Saturday, July 4th in observance of Independence Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Normal business hours will resume on Monday, July 6th. Read More

Our financial centers are now reopened with regularly scheduled hours for lobby and drive-up service. Spencer customers will now have full access to the lobby area of all our financial centers. We understand there are still concerns when visiting public spaces, such as these. To ease such concerns we have implemented a number of new safety practices and protocols that you will notice upon visiting our financial centers, all of which are designed to ensure a safe and secure environment for everyone that visits our bank. Read More


Annual Meeting – January 23, 2020


Annual Meeting 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.