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 …
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 …
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 …
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 …
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. …
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 …
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 …
Spencer Savings Bank recently made a $2,500 donation to Eva’s Village to help feed community members. The organization’s Community Kitchen is serving to-go breakfast and lunch to over 400 individuals daily. This is in addition to serving 3 prepared meals a day to those residing in their recovery and sheltering programs. Since the COVID-19 pandemic …
Tell us a little bit about your professional background. I have 20 years of experience working in the banking and financial planning industry. I’ve worked with both small business and large commercial clients in the areas of business banking, business relationship management, consultative sales, coaching, account management and more. Currently, I serve as the Vice …
Spencer Savings Bank is pleased to announce the promotion of George Celentano to the position of Executive Vice President, Chief Retail Officer. Celentano will be responsible for the performance of the bank’s Retail business across all products and channels and for leading the team in building and nurturing strong relationships within the communities that we …