Spencer Savings Bank Awards Almost $40,000 in Scholarships to Local High School Students

Scholarship students posing with check along with Spencer executive team

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to announce that it has awarded almost $40,000 in scholarships to local high school graduates. The scholarships are bestowed yearly to exceptional high school seniors in New Jersey. Each student received a $1,500 scholarship for college tuition assistance. Since the commencement of the …

Spencer Savings Bank Appoints Ken Plinio to Lead Home Finance Team

Spencer Savings Bank, one of New Jersey’s leading community banks, announced Ken Plinio has been promoted to Senior Vice President, Home Finance Director. In this new role, Plinio will lead the bank’s Home Finance team that delivers mortgage and home equity financing solutions to customers throughout New Jersey. Ken will continue to lead the bank’s …

Spencer Savings Bank Welcomes Leo Tavares As Vice President, Compliance Manager

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to welcome Leo Tavares as Vice President, Compliance Manager. In this new role, Mr. Tavares will help lead and manage the bank’s compliance program, further evolving processes and procedures across the bank in support of its compliance and risk-management functions. “We are pleased …

National Small Business Month: Business Customer Spotlight

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In celebration of National Small Business Month in May we’re spotlighting our business customer – ES Builders Group, a licensed general contractor / construction management firm serving NY and NJ. Carmen Rivera (Spencer’s VP/Business Community Development Officer) recently sat down with businessowners Christian Perla and Jordan DeCandia to hear their business story and journey – …

Getting Out Of Debt: Tips To Control Your Finances

Man and Woman sitting on a couch looking at documents.

Getting out of debt can be painful—but the payoff is empowering! It takes a committed and consistent plan to get out of debt and stay out. Paying off debt has a variety of benefits—less stress, increased financial security, an improved credit score, etc. It also helps you reach your important financial goals by freeing your …

Spencer’s President and COO receives NJBankers Woman of Impact Award

NJBankers Award

We are proud to announce that Jane Allerman-Rey, Spencer Savings Bank’s President and Chief Operating Officer, has received the prestigious “Woman of Impact Award” from the New Jersey Bankers Association (NJBankers). The award, presented during the NJBankers “Banking on Women” conference on June 4th, honors a NJBankers member for their commitment to the advancement of …

Spencer Savings Bank Welcomes Elizabeth Financial Center Manager

Portrait of man posed in suit, closed mouth smile.

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to welcome Anthony Persaud as Financial Center Manager. Persaud is responsible for leading and managing customer relationship development, local community engagement and the day-to-day operations of the bank’s Elizabeth financial center, located at 618 Bayway Avenue. “We are pleased to welcome Anthony to …

Celebrating Earth Month

Earth Day Graphic

Earth Month is celebrated in April every year. It is a time to raise awareness about environmental issues and encourage action to protect the planet. It serves as a global reminder of the importance of environmental responsibility and sustainability. This time presents a valuable opportunity for businesses and organizations to reflect on their environmental impact …

Stay Cognizant of Text Message and Phone Call Scams

a computer screen with a megaphone

Scammers work year-round, often targeting banking customers and credit or debit card users. Scammers send text messages or make phone calls claiming to be from an individual’s bank, creating a sense of urgency by citing alleged credit or debit card transactions. While scammers have a variety of techniques, it’s important to stay cognizant of common …