News

Josef Toribio, Spencer’s Financial Center Service Representative, recently joined Spencer after the Mariners Bank merger and is part of the Cresskill team. Josef is known for providing excellent customer service and prides himself on really doing the work and taking the time needed to find smart banking solutions to customers’ issues. Born in the Province …

Spencer Savings Bank is pleased to welcome Dushyant Abhyankar, as Senior Vice President and Treasurer of the Bank. His key responsibilities will be providing leadership and contributions related to balance sheet management, liquidity and interest rate risk management, pricing strategies as well as overseeing the bank’s cash, securities and wholesale funding portfolios. He will lead …

Spencer Savings Bank was recently honored with the “Company Of The Year” award, by the Gateway Regional Chamber of Commerce, at its 110th annual awards dinner at the Marriott Hotel in Newark, NJ. The bank was honored for its support given to the business community facing economic hardship due to the COVID-19 pandemic. “We are …

Upon an appeal by the Bank, the New Jersey Supreme Court has ordered a stay in the effectiveness of an order by the Passaic County Superior Court. As part of that action the Supreme Court directed that the annual member meeting scheduled for January 21, 2022 be delayed until a final judgement is entered by …

Spencer is pleased to welcome Gwendolyn Schenck as its new Vice President, BSA Officer. She will be responsible for ensuring compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering regulatory requirements. “We are excited to welcome Gwendolyn to our team,” stated Allison Danchak, Senior Vice President, Compliance Director. “She is very knowledgeable about BSA …

Jane Allerman-Rey, Spencer’s President and COO, has been an integral part of the growth and success of Spencer Savings Bank, one of New Jersey’s leading community banks. She started her career at Spencer almost 30 years ago and has helped build a strong team, taking the bank from a $900 million company, at the time, …

Spencer is pleased to welcome Monica Vanegas, a long-time Bergen County resident, as the new Spencer Financial Center Manager of the Spencer Savings Bank Garfield location, located at 34 Outwater Lane. She will be responsible for the center’s management and business development. “Monica has extensive bank operations and leadership experience,” said Marzena Czachor, VP, Market …

Spencer Savings Bank, a leading New Jersey-based community bank, is donating $100,000 to support humanitarian relief efforts in Ukraine. In addition to this, the bank also held a successful supply drive to support Ukrainian refugees, collecting more than 10 vehicles loaded with hygiene items and vital supplies and then spending the day volunteering at a …

It’s been a whirlwind two years for the commercial real estate industry, due to the pandemic. However, despite much of the global economy losing steam as Covid persisted and the industry as a whole, taking a big hit, the last couple of years at Spencer have been some of the most robust. We saw not …

Kadean Bruce-Miller, 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. A professional with a decade of bank management experience, Kadean is passionate about serving her clients well and prides herself on going above and beyond to help them find the best …