News - Spencer Savings Bank: Personal and Business Banking in NJ

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

scholarship check presented to students by ceo/president of Spencer Savings Bank

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 26 exceptional high school students in New Jersey. Each student received a $1,500 scholarship for college tuition assistance. Since the commencement of the bank’s scholarship program in 2002, over $700,000 in scholarships have been awarded to local students. “As tuition costs continue to rise, community support is critical in making higher …

Spencer Savings Bank Welcomes Financial Center Manager in West Caldwell

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to announce the appointment of Leigh DelPorto as Financial Center Manager. In her new role, DelPorto will lead the bank’s West Caldwell financial center, driving its overall performance while serving as a trusted financial partner to individuals and businesses throughout West Caldwell and …

Safeguarding Against a Cyberattack

In today’s digital world, cyber and data security are critical for banks. The proliferation of social media and the surge of sensitive data moving across the world in an instant have also resulted in a sharp rise in fraudulent activity. According to the Federal Trade Commission (FTC), consumers reported losing more than $12.5 billion to …

Celebrating Financial Wellness Month With Our CFO Steve Fusco

We’re celebrating Financial Wellness Month with our Executive Vice President and Chief Financial Officer Steve Fusco! We asked Steve below, “What are some ways we can manage our money strategically like a bank CFO?” Steve: To manage your money like a bank CFO, focus on financial planning, cash flow management, proactive risk planning and mitigation …

Spencer Savings Bank Welcomes New Clifton Financial Center Manager

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to welcome Christina Schratz as Financial Center Manager. Schratz is responsible for overseeing the daily operations of the bank’s Clifton financial center, as well as leading and managing customer relationship development and community engagement. “We are pleased to welcome Christina to Spencer and …

College Move-In Day

As college move-in day approaches, students and families face a wave of hidden costs, from mandatory course software to meal plans. Developing a proactive budget plan today can help you better manage your finances this semester! Here are some quick tips to get your budget started. 💸 Hidden College Expenses to Anticipate Mandatory Software: Expect …

Preventing Elder Financial Abuse

Financial abuse targeting older adults causes $38.5 billion in losses for people over 60 each year. True losses from elder financial abuse could be even higher as many go unreported, and of those that are reported, nearly half of adults say they were either victims or intended victims of financial exploitation. Community banks are in …

National Preparedness Month

In recognition of National Preparedness Month, Spencer Savings Bank and the Independent Community Bankers of America® (ICBA) are reminding consumers to take proactive steps to safeguard their financial well-being and better prepare for, and recover from, unplanned life events. ICBA and Spencer Savings Bank offer several financial preparedness tips as customers prepare and regain their …

Spencer Savings Bank Appoints Hany Youhana as Financial Center Manager in Saddle Brook

Hany Youhana new Clifton Financial Center Manager

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to announce the appointment of Hany Youhana as Financial Center Manager. In his new role, Youhana will lead the bank’s Saddle Brook financial center, driving its overall performance while serving as a trusted financial partner to individuals and businesses throughout Saddle Brook and …

National Financial Awareness Day

In recognition of National Financial Awareness Day, Spencer and the Independent Community Bankers of America® (ICBA) are encouraging you to take stock of your personal finances and review spending and savings habits to stay on track of your 2026 financial goals. Unlike other financial literacy education initiatives that focus on learning new concepts, National Financial …

Financial Wellness And Mental Health

Financial issues are a common source of mental distress, and studies show they are some of the leading causes of anxiety and depression for Americans. It is important to understand how mental health and financial health are related. Mental health and personal finances share a highly cyclical relationship, where financial strain triggers psychological distress and …

Spencer Savings Bank Welcomes Financial Center Manager in Lyndhurst

Lyndhurst Financial Center Manager Andrew Davila

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to welcome Andrew Davila as Financial Center Manager of its Lyndhurst location (230 Ridge Road). Davila will oversee daily operations, strengthen community relationships, drive business growth and lead the team in providing exceptional customer service. “We are pleased to welcome Andrew to Spencer! …