Spencer Savings Bank Welcomes Vice President, Small Business Relationship Manager

Phyllis Valentino

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to welcome Phyllis Valentino as a Vice President, Small Business Relationship Manager. She assumes the role within the Bank’s Small Business Finance division, which was recently launched this past year and is experiencing great success. The division implemented new small business lending products …

Spencer Savings Bank Welcomes New Edison Assistant Financial Center Manager

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to welcome Kama Patel as the new Edison Assistant Financial Center Manager. The financial center, located at 3900 Park Avenue, recently opened its doors to the Edison community. Kama will be responsible for providing exceptional customer service while attending to customers’ banking needs …

Spencer Savings Bank Welcomes Vice President, Small Business Relationship Manager

Jesse Oliver

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to welcome Jesse Oliver as Vice President, Small Business Relationship Manager. He assumes the role within the Bank’s Small Business Finance division, which was recently launched this past year and is experiencing great success. The division implemented new small business lending products while …

Spencer Honored with Community Partner Award

Partner Award

Spencer Savings Bank, one of New Jersey’s leading community banks, was recently honored with a Community Partner Award by the Union County Fatherhood Initiative Coalition. The award is in recognition of the bank’s strong commitment to providing education on financial wellness, employment, home ownership and overall community engagement impacting fathers, men and communities in Union …

Financial Wellness Month

Financial wellness month

January is Financial Wellness Month! Financial wellness is the ability to meet one’s basic needs and manage money for the short and long term. If last year was not the best year for you financially, you can take some steps now to improve your financial wellness. Think about what you really want in life and …

Spencer Savings Bank Donates $15,000 to Help Lyndhurst School Recover From Fire

Lyndhurst Donation

Spencer Savings Bank, a leading New Jersey- based community bank, recently donated $15,000 to the Lyndhurst Board of Education to help Washington Elementary School after a fire destroyed a classroom located in their basement. The donation is being used to rebuild and purchase new school equipment. “Our team has been serving the Lyndhurst community for …

Spencer Savings Bank Welcomes New Vice President and Controller

Joe Murphy

Spencer Savings Bank is pleased to welcome Joseph Murphy as Vice President and Controller. Mr. Murphy will lead the accounting team in financial reporting, accounting operations, budgeting, profitability management and monitoring. He will oversee accounting controls in accordance with accounting and regulatory standards. “We are excited to welcome Joe to the Spencer team, and we …

Spencer Welcomes New Hackensack Financial Center Manager

YUBER CALZADILLA Photo

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to welcome Yuber Calzadilla as the new Financial Center Manager of Spencer Savings Bank’s Hackensack location. The financial center is located at 240 Essex Street in Hackensack, NJ. Yuber is responsible for leading and managing customer relationship development, local community engagement and the …

Spencer Savings Bank Welcomes New SVP, Director of Small Business Finance

Sergio Photo

Spencer Savings Bank, one of New Jersey’s strongest community banks, is pleased to welcome Sergio Musacchio as Senior Vice President and Director of Small Business Finance. Musacchio will be overseeing the bank’s Small Business Lending division where he will implement new small business lending and deposit products while ensuring the bank’s strong credit culture is …

Economic Insights With Spencer’s SVP/Treasurer

Dushyant Abhyankar Economic-Insights Banner

Introduction In the latter half of 2022 and the first half of 2023, the Federal Reserve embarked on an unprecedented rate hike cycle, raising interest rates from a historic low of 0.25% to 5.25%, in just 12 months. This aggressive monetary policy move, the fastest rate increases since the 1980s, has reverberated across financial markets …

Spencer Savings Bank To Open New Financial Center In Edison

Edison Open Soon

Spencer Savings Bank, one of New Jersey’s leading community banks, is preparing to open a new financial center in Edison, NJ. The new financial center is anticipated to open in December and will be located at 3900 Park Ave. (Ste. 108). The Edison location is one of 27 full-service Spencer Savings Bank financial centers located …