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  Important Information
Financial Center Updates & Important Information Read More

Beginning Monday, March 15th the bank will resume full service status to our lobby areas with normal business hours. (No appointments are needed). Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility. Financial Center Locations

We remain committed to do our part to ensure our community stays healthy during the COVID-19 pandemic. Spencer is creating a safe and secure environment for all who visit. Please take a few moments to review the safety protocols listed here prior to visiting us. Read More

We continue to stay committed to you during this difficult period.  View an updated message from our Chairman 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