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  Important Update
We are here for you. Important Updates Regarding Coronavirus Read More

Our financial centers are now reopened. Learn about all the ways Spencer is creating a safe and secure environment for all its visitors. Read More

We continue to stay committed to you during this difficult period. View an updated message from our Chairman, President and CEO. Read More

Executive Team

John W. Somers
VP, Director of Loan Administration

Employed By Spencer Savings Bank Since: 1992
Employed In Industry Since: 1984

Outline of Responsibilities / Areas of Expertise / Memberships
Oversees all activities of Loan Administration.

Maintains knowledge of applicable regulations and policies as it pertains to the monitoring and handling of the loan portfolio.

Manages day-to-day operations relating to the servicing and collection actions undertaken within Loan Administration necessary to maintain a loan portfolio comprised of mortgage loan products, consumer loan products, and commercial loan products.

Member of MBA – NJ Loan Administration Committee