President’s Letter: Summer 2018August 23, 2018

Greetings Spencer Family, Another summer is upon us, and I have some especially exciting news to share with you: Spencer Savings Bank’s new Westfield Financial Center is officially open for business! The beautiful and charming town of Westfield has a tech-savvy community that we know will be just as excited as we are about the …

Branch Spotlight: Westfield Lending CenterAugust 22, 2018

Lending Officers Westfield Financial Center

The new Westfield Financial Center is a unique combo of a Banking Center and Loan Origination Office. The larger national banks have underserved the small business community and Spencer plans to fill this gap in with a major and ongoing commitment to local business owners. Phillip Malavarca, Alex Marin, and Santo Giammanco are seasoned commercial …

Welcoming George Celentano as Head of the Retail Banking DivisionAugust 14, 2018

George Celentano

Spencer Savings Bank is pleased to welcome George Celentano as Senior Vice President, Head of Retail Banking. Celentano will be responsible for the performance of the bank’s retail business across all products and channels and will lead the team in continuing to build and nurture strong relationships within the community. Celentano will be part of …

Spencer Savings Bank Welcomes New Branch ManagersAugust 1, 2018

Employees Photo

Spencer Savings Bank is pleased to welcome two new Branch Managers to their Lyndhurst and Lodi branch locations. Radika Lutchman and Jill Gregg have joined the bank as Branch Managers and will be responsible for the management and business development of the bank’s Lyndhurst and Lodi locations. Radika Lutchman is a career banker with over …

2 Crucial First Home Mortgage Tips for New BuyersJuly 17, 2018

2 Crucial First Home Mortgage Tips for New Buyers

Did you know that at the end of 2017, home ownership rating in the United States was at 64.2%? This represents an increase of 0.5% from the 63.7% rating back in 2016. A whopping 5.51 million sales of existing homes also took place in the United States last year. Furthermore, the real estate market also closed the deal on over two-thirds of …

Spencer Savings Bank Receives NJBankers Award for Community ServiceJuly 17, 2018

Spencer Savings Bank Receives NJBankers Award for Community Service

Spencer Savings Bank is proud to announce that the New Jersey Banker Association has awarded the bank with the 2017 Community Service Silver Award. The award recognizes financial institutions for their efforts and initiatives which improve the lives of the citizens and communities that are served in New Jersey. “We’re so excited to receive this …

Spencer Savings Bank Donates $5,000 to Habitat For HumanityJuly 17, 2018

Habitat for Humanity Check

Spencer Savings Bank recently made a $5,000 donation to Habitat For Humanity in support of community members realizing their dreams of homeownership. The nonprofit organization is dedicated to improving lives and communities by providing decent, affordable homes for hard-working families. “Habitat believes in a world where everyone has a decent place to live and so …