Spencer Savings Bank Receives Financial Capability Innovation Award from EVERFIMay 21, 2018

EverFi Award Ceo and EverFi employee

Spencer Savings Bank was honored with the 2018 Financial Capability Innovation Award presented by the nation’s leading technology innovator, EVERFI, Inc. The award recognizes Spencer’s significant efforts to improve the financial capability of Americans through unique digital learning initiatives. “As a financial institution we understand the importance of proper money management and want to spread …

Spencer Savings Bank Celebrates “Teach Children To Save Day” in CranfordMay 4, 2018

Teach Children To Save Day

Spencer Savings Bank recently celebrated “Teach Children To Save Day” in Cranford. The program, sponsored by the American Bankers Association, helps teach young people the value of saving. Employees from across the bank were excited to volunteer their time and help promote financial literacy. Hundreds of 4th and 5th grade students at the Livingston, Hillside …

Spencer Savings Bank Selects Westfield, N.J. as Site of New Banking ConceptApril 11, 2018

Spencer Savings Bank New Concept

Spencer Savings Bank, a community bank headquartered in Elmwood Park, N.J., has selected Westfield, N.J. as the site for its new, technologically advanced “Financial Center”, a unique combination of a banking center and loan production office. The Westfield Financial Center will showcase the latest transaction technology to optimize check cashing, deposits, loan payments, and other …

Spencer Savings Bank Raises Over $100,000April 4, 2018

Spencer Supports Special Olympics NJ

Spencer Savings Bank has raised over $100,000 for Special Olympics New Jersey, with its 7th year New York Football Giants Snowbowl participation. Special Olympics is celebrating its 50th Anniversary this year, and Spencer was proud to mark their participation in this fundraiser which supports sports competition and training for over 25,000 Special Olympics New Jersey …

Spencer Savings Bank Completes Merger with Wawel BankMarch 27, 2018

Welcome Wawel Bank Customers

Spencer Savings Bank today announced the closing of its merger transaction with Wawel Bank. The transaction closed on March 26, 2018. Full integration of Wawel Bank’s systems is expected to be completed in July. Pursuant to the merger agreement, each shareholder of Wawel Bank stock will receive $3.92 per share. Spencer Savings Bank will pay …

New Business Development Officer PositionsFebruary 8, 2018

New Business Developtment Officer Position Ronna and Santos

Spencer Savings Bank is pleased to announce the appointment of two new business development officers as part of the bank’s expansion into the Small Business market. Ronna Marchello and Santo Giammanco have joined the bank as Assistant Vice Presidents, Business Development Officers and will be responsible for the development of new business relationships and lending …

Introducing CardValet®February 7, 2018

Smart Phone

Protect your cards from fraud and cap your personal spending with CardValet, the mobile application that turns your smartphone into an on/off switch for your debit card. CardValet is free for Spencer Savings Bank customers, and comes with customizable settings that give you greater control of when, where and how your cards are used. With …

Spencer Savings Bank Announces 2018 Board of Directors Election ResultsJanuary 29, 2018

2018 Annual Meeting Board of Directors

Spencer Savings Bank, a community bank headquartered in Elmwood Park, N.J., is pleased to announce the re-election of two members to serve on its Board of Directors through January 2021. Peter J. Hayes and Albert Chamberlain were re-elected at the bank’s 2018 Annual Meeting held on January 25th. Albert Chamberlain served as Director of Spencer …