Alex Marin, Vice President/Commercial and Industrial Relationship Manager, is responsible for managing a sizeable and diverse C&I Portfolio within the bank’s C&I Lending Department. He has varied experience and great life skills and brings both to the table to help clients find the best banking solutions to their financial needs. A professional with over 20 …
We are pleased to announce the promotion of Kadean Bruce-Miller to the position of Vice President, Commercial & Industrial Relationship Manager. Bruce-Miller is responsible for managing a sizeable and diverse C&I Portfolio within the bank’s C&I Lending Department. Bruce-Miller has almost a decade of bank management and leadership experience. She is passionate about serving her …
Americans lost $3.3 billion to phishing and other fraud in 2020, a 2x increase from 2019. We’re kicking off cybersecurity month by participating in the American Bankers Association’s (ABA) #BanksNeverAskThat campaign, an industry-wide campaign created to educate consumers about the persistent threat of phishing scams. Follow us on social media where we will be sharing …
We are proud to announce that Spencer is donating $75,000 to the American Red Cross NJ to support Hurricane Ida relief efforts. “Hurricane Ida had a devastating impact in many communities across New Jersey,” said Jose B. Guerrero, Spencer’s Chairman and CEO. “We are proud to help support our local community as they continue to …
We recently made a donation of $7,500 to Passaic County Community College (PCCC) to help provide financial support to low-income, minority students seeking higher education. The donation will be used to provide low-income students, enrolled in the Student Support Services (SSS) and PCCC Success programs, with financial emergency assistance awards. The awards are used to …
Spencer Savings Bank Honored With Financial Managers Society (FMS) Community Engagement Award We are very proud to have been recently honored with the Financial Managers Society (FMS) Community Engagement Award. The FMS Community Engagement Award has been established by the organization to recognize institutions that have answered the call of duty amidst a global pandemic …
We are proud to announce that we have distributed an additional $50,000 in grant funding, provided by the Federal Home Loan Bank of New York’s Small Business Recovery Grant Program, to small businesses and nonprofit organizations. The program supports the financial security and health of workers employed by organizations that have suffered a decrease in …
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 …
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 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 …