5 Ways Businesses Can Keep Their Supply Chains Secure

One of the biggest lessons businesses learned during the 2020 pandemic was how fragile their supply chains really were. Many businesses folded, not because customers did not have access to a company’s offering, but because companies could not sell their products. Fortunately, there is much you can do to prevent the same from happening to …

4 Easy Methods To Boost Customer Retention

Many businesses focus far too much on finding new customers and not enough on keeping the ones they have. Although getting new customers is important, you’ll make even more profit by instilling customer loyalty in your buyers and encouraging repeat purchases. As such, you’ll want to focus your efforts on boosting customer retention. Customer retention …

Spencer Savings Bank to Acquire Mariner’s Bank

Spencer Savings HQ

Spencer Savings Bank, SLA (“Spencer”) and Mariner’s Bancorp/Mariner’s Bank jointly announced today that they have entered into a definitive stock purchase agreement pursuant to which Spencer will acquire Mariner’s Bank in an all-cash transaction. Under the terms of the agreement, Mariner’s Bank will merge into Spencer, with Spencer the surviving entity. The merger enhances and …

Spencer Savings Bank Awards Almost $25,000 in Scholarships to Local Students

Spencer Savings Bank has awarded almost $25,000 in scholarships to high school and middle school students from 32 local schools in Bergen, Passaic, Union, Mercer, Morris and Essex counties. To date almost $500,000 has been awarded since the program first started in 2002. “As a community bank, investing in our local youth for a brighter …

$125 Million Commercial Business Deal Marks Largest in Spencer’s History

Among their latest major commercial customer acquisitions, Spencer is proud to announce their largest commercial deposit relationship in history – $125 million dollars with one of the country’s largest 1031 Exchange Intermediaries. “As we continue to grow our commercial business, we will continue to focus on growing long-term mutually beneficial relationships with 1031 Intermediaries,” stated …

Neighbor Feeding Neighbor – Jersey Style

Neighbor Feeding Neighbor

FeedNJ, a campaign run by Soup Kitchen 411, is designed to provide restaurant prepared meals to food insecurity programs around New Jersey. In 2020, the program provided meals to 35,000 New Jerseyans all over the state. Not only do they feed those in need, but they also help provide economic relief to restaurants who have …

Performing Property Inspections, Titles and Escrow for First-Time Buyers

Performing Property inspections man and women kids

All the steps you take to purchase a home – finding property, getting a loan and negotiating the price – are all important. The last leg of the buying process is about coming into ownership. These are the steps necessary for you to come in possession of your home. Performing Inspections Regardless of the property …

President Jane Allerman-Rey Appointed to NJBankers Board of Directors

Jane Allerman-Rey Congratulations Banner

Spencer Savings Bank, a leading New Jersey-based community bank, is pleased to announce that President and COO Jane Allerman-Rey has been appointed a member of the New Jersey Bankers Association (NJBankers) Board of Directors. She has been elected for a two-year term. “It is an honor to be a part of the NJBankers leadership team. …

Budget-Friendly Vacation Ideas

Budget Friendly Vacation Ideas

Are you thinking about taking a trip this year or planning a dream vacation for the next? It’s summertime and vacations are on the mind! Whatever your future vacation plans may be, this year or next, know that cutting costs is always valuable. You truly do not have to go into major credit card debt …

5 Ways To Prepare Home for Summer

5 Ways to Prepare Home for Summer

Now is a great time to look at ways to prepare your home for summer. It is a good idea to take a few proactive steps to ensure your house is well-prepared for the upcoming months and reduce some costs. Summer months can bring some of the highest energy costs. Taking the time to do …