Spencer Savings Bank has announced the re-election of Nicholas Lorusso and Barry Minkin to the bank’s Board of Directors, for a term of three years. The election was announced at its Annual Meeting, held at the Royal Manor in Garfield, on January 23, 2020. “Spencer is pleased to announce the re-election of Mr. Lorusso and …
We recently announced the expansion of our Commercial and Industrial Lending team with the addition of a new lending expert to meet the growing demands of the division. The team is excited to welcome Vice President Sid Vaidya as C&I Relationship Manager. With over a decade of strong experience working in the commercial lending industry, …
Spencer Savings Bank recently partnered with Habitat for Humanity to help provide a “Hand Up” to community members looking to achieve their home ownership dreams. The organization is dedicated to improving the lives and communities by providing decent and affordable homes for hard-working families. The bank made a $6,500 donation to the Paterson, Bergen, Morris, …
Juan Oelofse, Senior Vice President & Director of Commercial and Industrial Lending at Spencer Savings Bank, recently explained how a local, community approach to banking best serves both business and personal customers alike. The Spencer touch, exemplifying relationship banking at its finest, really goes a long way in producing strong advocates in the industry for the bank. Please …
Spencer Savings Bank continues to help bring hope to veterans with a recent $10,000 donation to Community Hope, the leading non-profit in New Jersey serving veterans and at-risk veteran families. The organization helps both veterans and individuals overcome mental illness, addiction, homelessness and poverty by providing housing and a variety of support services. Members of …
New Jersey is among the most expensive states in the country for renters, with the median rent price reaching $1,284 in 2017, according to the Census ACS survey. Community Access Unlimited assists people with special needs with affordable, accessible housing. Last week, CAU accepted a $3,000 grant from Spencer Savings Bank that will support its …
Spencer Savings Bank recently hosted a school supply drive to support the Center For Food Action in Saddle Brook. For almost a month, the bank collected school supplies for local children, including binders, pencils, notebooks, backpacks and more. Spencer employees recently visited the center to drop off the supplies and meet with some of the …
Spencer was excited to recently be honored with the Editor’s Choice Award for Community Commitment by cardrates.com. It’s always nice to be recognized for the work you do! We thank them for the kind words and for acknowledging our strong commitment to helping New Jersey communities thrive! Please click here to view the article.
Spencer Savings Bank is pleased to welcome its newest member to the leadership team, Juan H. Oelofse, as Senior Vice President and Director of Commercial and Industrial Lending. Oelofse will be responsible for managing and directing the activities of the bank’s Commercial & Industrial Lending department which specializes in financing business working capital needs, owner-occupied …
Spencer Savings Bank recently awarded $25,000 in scholarships to high school and middle school students from 33 local schools in Bergen, Passaic, Union, Mercer, Morris and Essex counties. The awards were distributed at the bank’s annual scholarship ceremony on June 26, 2019. To date over $400,000 has been awarded, since the program first started in …