Hygiene For Humanity Drive For Needy Community Members

Hygiene for Humanity Drive

Spencer Savings Bank recently hosted a Hygiene for Humanity drive where almost 100 items were collected for the nonprofit Eva’s Village in Paterson, N.J. To comply with social distancing rules and everyone’s safety, the drive was hosted virtually through an Amazon Wish List. Employees selected items off the list and shipped them directly to Eva’s …

Spencer Savings Bank Awards Almost $25,000 in Scholarships To Local Students

Scholarships To Local Students

Spencer Savings Bank was pleased to continue its scholarship program this year and award almost $25,000 in scholarships to both high school and middle school students throughout New Jersey. The scholarships will help families in New Jersey pay for their child’s education. Students were selected, by their school, for high academic achievement and community service …

Online Back To School Supply Drive Collects 300 Items For Families In Need

Jersey Cares Back to School Drive

Spencer Savings Bank recently hosted an online school supply drive, collecting and donating about 300 items to Jersey Cares for families in need. The nonprofit works with dozens of schools, children’s shelters and community centers to ensure that children have the basic necessities needed for the start of the school year. Both customers and employees …

Leadership Lessons from a Colonel of Marines

Richard Vaill

He was built like an Offensive Lineman, stood 6’4” and was a recipient of the Silver Star for heroism in Vietnam. This was one tough Marine. After two overseas deployments and almost four years with 2nd Marine Division as a Platoon Commander, I was leaving Active Duty in less than 12 months. I received a set …

Spencer Savings Bank Donates $100,000 To NJ Hospitals Battling The Coronavirus Pandemic

Medical Staff thank you to our healthcare heores

Spencer Savings Bank recently made a $100,000 donation to support NJ hospitals battling the coronavirus pandemic. A donation of $50,000 was made to Hackensack University Medical Center in Bergen County and Trinitas Regional Medical Center in Union County. “We are so grateful to Spencer Savings Bank for their generous donation of $50,000 to Hackensack University …

Carmen Rivera Honored With Groundwork Elizabeth Award

Carmen Rivera Award

We are excited to announce that Carmen Rivera, Vice President and Market Manager, was recently honored with the “Outstanding Conservation Partner Award” by Groundwork Elizabeth. The presentation took place on February 19th at the Hilton Newark Airport Hotel in Elizabeth, during the organization’s Winter-Green Gala. “I’ve known Carmen for over a decade and she is …

Welcoming New Vice President and Business Development Officer Team Leader

Richard Vaill

The bank is expanding its Retail Banking Business team with the addition of a new business development team leader. We recently hired Vice President Richard Vaill as Business Development Officer Team Leader. With over 25 years of experience working in the industry, in both sales and management roles, Vaill will be based in Parsippany and …

2020 Annual Meeting

Nicholas Lorusso and Barry Minkin standing next to each other in black suits, with red ties.

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 …