Recognize Scams & Protect Yourself – Cybersecurity Awareness Month

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In 2024, scammers stole over $16 billion from people just like you. Don’t let their tricks hypnotize you. Snap out of it. Scammers sound friendly for a reason – especially over email. They don’t always use threats. Instead, they earn your trust with polished language, official logos, and helpful-sounding requests. But just because it looks …

Telltale Signs of an IRS Scam

Phone with SCAM! IRS calling message shown.

As tax season approaches, IRS scams are rising significantly. Scammers often impersonate the IRS regarding unpaid taxes – using threats of arrest or demands for immediate, unusual payments. They use sophisticated tactics like AI, social media misinformation and impersonation through calls, texts and emails to steal personal information and money, often threatening arrest or penalties …

Spencer Savings Bank Welcomes Marcella Gencarelli as VP, Business Development Officer

Marcella Gencarelli VP, Business Development Officer

Spencer Savings Bank, a leading New Jersey-based community bank, is pleased to announce that Marcella Gencarelli has joined the bank as Vice President, Business Development Officer. In her new role, Gencarelli will be focused on providing financing to new business/commercial clients, managing business banking relationships and supporting business client growth. With over 20 years of …

Spencer Savings Bank Grows Commercial Banking Lending Team Throughout New Jersey

Portraits of 4 men from the Commercial and Industrial Lending Team at Spencer Savings Bank.

Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to announce the addition of four new lenders in the commercial banking lending division – Carlos Carvajal, Eric Wong, Robert Ross and Joseph Arnone. The lenders will be responsible for driving the growth of the bank’s commercial lending portfolio with business development initiatives. …

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

Ken Plinio

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 …

Practice Safe Checks – Stop Check Fraud

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Do you practice safe checks? It should come as easily as fastening your seat belt on a plane, so buckle up for this one. Despite the fact that check use has declined by 25%, reports of check fraud have soared! In fact, they’ve doubled since 2021. Criminals are becoming more sophisticated and finding new ways …

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

Leo Tavares

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, 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 to …

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 – …