Promotion of Mercedes Pedrick To SVP and Director of Home Finance

Mercedes Pedrick

Spencer Savings Bank is pleased to announce the promotion of Mercedes Pedrick to Senior Vice President and Director of Home Finance. Mercedes has assumed leadership of the newly formed Home Finance group, which provides financing on all 1-4 family properties. “We are pleased to announce the promotion of Mercedes M. Pedrick to Senior Vice President …

5 Reasons to Shop Local & Eat Local This Holiday Season

Jula Coffee

The holiday season is here and there is no better year than this one to shop local and eat local. Whether you have a huge family to buy for or plan to purchase presents for just a few friends, the money you spend will make a real difference. Businesses in our local community have had …

JOIN US! Pet Adoption Day on Sunday, October 9th

pet day

Join us for our second Pet Adoption Day and adopt a new furry friend. Our rescue groups will be bringing their pets to our Elmwood Park Financial Center parking lot (680 River Drive) to find their new paw-rents and fur-ever home! The event will take place from 11am to 3pm. Guests will also enjoy free …

Hispanic Heritage Month: Business Customer Spotlight

celebrating hispanic heritage month

Emily Schneider, Owner of Ben Tire, Linden, NJ Emily Schneider was born in Costa Rica and came to the US at 12 years old. After attending high school, she began working with her mother, a business owner. Today, she is owner of Ben Tire, a successful wholesale and transport tire company in Linden, NJ. The …

Spencer Savings Bank Awards $30,000 in Scholarships to Local Students

2022 Scholarships

Spencer Savings Bank is pleased to announce that it has awarded $30,000 in scholarships to high school and middle school graduating students in Bergen, Passaic, Union, Mercer, Morris, and Essex counties. The bank has awarded almost $600,000 in scholarships to local students, since 2002. “We are very proud to continue our annual scholarship program that …

Spencer Donates $100,000 to Ukraine Relief Efforts

red cross donation

Spencer Savings Bank, a leading New Jersey-based community bank, is donating $100,000 to support humanitarian relief efforts in Ukraine. In addition to this, the bank also held a successful supply drive to support Ukrainian refugees, collecting more than 10 vehicles loaded with hygiene items and vital supplies and then spending the day volunteering at a …

Spencer Savings Bank to Acquire Mariner’s Bank

Mariner's Bank Acquisition

Spencer Savings Bank, SLA (“Spencer”) and Mariner’s Bancorp/Mariner’s Bank jointly announced today that they have entered into a definitive stock purchase agreement pursuant to which Spencer will acquire Mariner’s Bank in an all-cash transaction. Under the terms of the agreement, Mariner’s Bank will merge into Spencer, with Spencer the surviving entity. The merger enhances and …

Neighbor Feeding Neighbor – Jersey Style

Neighbor Feeding Neighbor

FeedNJ, a campaign run by Soup Kitchen 411, is designed to provide restaurant prepared meals to food insecurity programs around New Jersey. In 2020, the program provided meals to 35,000 New Jerseyans all over the state. Not only do they feed those in need, but they also help provide economic relief to restaurants who have …

Performing Property Inspections, Titles and Escrow for First-Time Buyers

Performing Property inspections man and women kids

All the steps you take to purchase a home – finding property, getting a loan and negotiating the price – are all important. The last leg of the buying process is about coming into ownership. These are the steps necessary for you to come in possession of your home. Performing Inspections Regardless of the property …