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  Holiday Closing & Passaic Street Financial Center Closure
Spencer Savings Bank will be closed on Friday, July 4th in observance of Independence Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Read Full Message

Please be advised that our Passaic Street Financial Center will be CLOSED due to unforeseen maintenance.

Please visit one of our nearest full-service locations during this time.

Outwater Lane Financial Center | Elmwood Park Financial Center

We apologize for the inconvenience and look forward to continuing to serve your banking needs.

Executive Team

Michael Claisse
EVP and Chief Lending Officer

Employed By Spencer Savings Bank Since: 2018
Employed In Industry Since: 1989

Outline of Responsibilities / Areas of Expertise / Memberships

Oversees all residential, consumer and commercial lending departments (Commercial Real Estate, Commercial & Industrial Lending, Small Business Finance and Home Finance)

Responsible for growing the bank’s commercial lending portfolio and maintaining its excellent credit rating. Focused on growth strategies, expanding relationships, supporting credit and providing portfolio oversight
Seasoned banking executive with over 30 years of industry experience and a strong background in real estate equity and finance products

Member of the Bank’s Executive Management Committee
Speaker and Panelist at National Conferences & Seminars