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  Important Information
Financial Center Updates & Important Information Read More

As the virus transmission rate continues to increase again in New Jersey, we’d like to inform you that we will be closing our lobbies to the general public effective Monday, December 7, 2020. If you need to conduct business inside one of our financial centers, you will be required to schedule an appointment.  However, we will be operating our drive-up facilities as normal.  Please see our revised hours of operation and financial center contact information. Financial Center Locations

Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility.  We appreciate your patience as we do our part to protect you and our employees from the spread of COVID-19. Financial Center Locations

Learn about all the ways Spencer is creating a safe and secure environment. 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