Spencer Savings Bank is pleased to welcome Ryan Peene as Senior Vice President and Director of Market Growth and Development. Peene will be in charge of leading and executing strategic growth strategies for the bank. Peene is an accomplished senior executive with years of experience in commercial and government banking. Most recently, he was the …
Spencer Savings Bank is pleased to welcome Robert Vivo as Senior Vice President and Director of Retail Sales/Service. Vivo will be responsible for leading and overseeing the Retail Financial Center Network, Retail Training and the Customer Service Center. A seasoned senior executive with thirty years of retail banking experience, Vivo has decades of experience in …
Spencer Savings Bank is pleased to announce it has donated $7,000 to Habitat for Humanity to help build communities and fulfill dreams of home ownership in New Jersey. The donations were made to Paterson Habitat for Humanity as well as Habitat for Humanity in Morris, Bergen, Union and Essex counties. The nonprofit organization helps families …
Outdated finishes, flooring or carpet that has seen better days, a bathroom and kitchen that are original to the home, built decades ago. Does this sound like your home? If you own your home and don’t have the cash to update it, a home equity loan for home improvement may be the solution for you. …
Spencer Savings Bank recently hosted a Hygiene for Humanity drive where almost 100 items were collected for the nonprofit Eva’s Village in Paterson, N.J. To comply with social distancing rules and everyone’s safety, the drive was hosted virtually through an Amazon Wish List. Employees selected items off the list and shipped them directly to Eva’s …
Financial education starts early in life. Young people who develop good financial habits early in life are much more likely to keep those habits all their lives. If you have young people in your life and under your roof, you have a golden opportunity to change their financial lives for the future. Here are a …
Spencer Savings Bank was pleased to continue its scholarship program this year and award almost $25,000 in scholarships to both high school and middle school students throughout New Jersey. The scholarships will help families in New Jersey pay for their child’s education. Students were selected, by their school, for high academic achievement and community service …
Spencer Savings Bank recently hosted an online school supply drive, collecting and donating about 300 items to Jersey Cares for families in need. The nonprofit works with dozens of schools, children’s shelters and community centers to ensure that children have the basic necessities needed for the start of the school year. Both customers and employees …
Managing cash flow, bill payments, invoicing, and disbursements for your small business during COVID-19 can be made easier with the right cash management and online banking tools. Cash management can be complicated and difficult for a small business, especially during times of crisis. As consumers and businesses face challenges, the need for flexibility is as …
One of the most compelling aspects of the Paycheck Protection Program (PPP), enacted as part of the 2020 CARES (Coronavirus Aid, Relief, and Economic Security) Act, is the potential forgiveness of all or part of the loans designed to maintain small business employment during the height of the pandemic. Payment Protection Plan loans to small …