Spencer Helps Eva’s Village Coach Its Job Seeking Community

Mock Job Fair

We recently spent the morning in Paterson helping Eva’s Village coach its job seeking community with participation in a mock job fair. Employees, posing as hiring managers, interviewed clients and provided feedback on both interviewing skills and resume writing. Patricia Gallagher, CEO of the Garfield YMCA, also joined the team for the event. The mock …

Save For Retirement While Enjoying Tax Benefits

Elderly Couple at beach

Retirement savings seems complicated, but it doesn’t have to be. Opening an IRA (Individual Retirement Account) and contributing to it regularly can create a secure retirement scenario for your future. There are two types of IRAs, Traditional and Roth, and with both options money contributed grows on a tax-deferred basis. For 2019, you can make …

Carmen Rivera Honored With Groundwork Elizabeth Award

Carmen Rivera Award

We are excited to announce that Carmen Rivera, Vice President and Market Manager, was recently honored with the “Outstanding Conservation Partner Award” by Groundwork Elizabeth. The presentation took place on February 19th at the Hilton Newark Airport Hotel in Elizabeth, during the organization’s Winter-Green Gala. “I’ve known Carmen for over a decade and she is …

Welcoming New Vice President and Business Development Officer Team Leader

Richard Vaill

The bank is expanding its Retail Banking Business team with the addition of a new business development team leader. We recently hired Vice President Richard Vaill as Business Development Officer Team Leader. With over 25 years of experience working in the industry, in both sales and management roles, Vaill will be based in Parsippany and …

2020 Annual Meeting

Nicholas Lorusso and Barry Minkin standing next to each other in black suits, with red ties.

Spencer Savings Bank has announced the re-election of Nicholas Lorusso and Barry Minkin to the bank’s Board of Directors, for a term of three years. The election was announced at its Annual Meeting, held at the Royal Manor in Garfield, on January 23, 2020. “Spencer is pleased to announce the re-election of Mr. Lorusso and …

Celebrate National Cut Your Energy Costs Day

Woman waving money and looking up. Having an environmentally friendly idea with an energy saving flourescent light bulb floating above her head.

We all know that energy costs can be expensive. January 10th was National Cut your Energy Costs Day. To celebrate, we’ve compiled some tips you may want to follow to help you save some extra money monthly by trimming your utility bills. Installing Smart Thermostats A smart thermostat is a temperature control device that allows …

10 Financial Resolutions to Make This Year the Best One Yet

2020 goals

The beginning of the year is the perfect time to reflect on your finances, from how much you earn and how you are doing in your career to where you invest and how easy (or hard) it is to save. With the start of the new year, it is time to make the resolutions that …

7 Ways to Help Your Business Grow Faster

scale businessman

At some point in your company’s evolution, you may realize that it isn’t growing as robustly as you would like it to. If your business has been growing more slowly than you would like, there are ideas that you can use to speed up growth. What follows are 7 ideas. Streamline your business Growth and …

Spencer Welcomes Sid Vaidya as C&I Relationship Manager and Vice President

Sid Vidaya

We recently announced the expansion of our Commercial and Industrial Lending team with the addition of a new lending expert to meet the growing demands of the division. The team is excited to welcome Vice President Sid Vaidya as C&I Relationship Manager. With over a decade of strong experience working in the commercial lending industry, …