Spencer Savings Bank CFO Steve Fusco Named Leader In Finance by NJBIZ

Congrats Steve Fusco

Spencer Savings Bank recently announced that Executive Vice President and CFO Steve Fusco has been named a “Leader In Finance” by NJBIZ, New Jersey’s leading statewide business newspaper. The Leaders in Finance awards program celebrates New Jersey’s financial executives at all levels who contribute to the success of their companies as well as their community. …

We’re In The “Dreams” Business

Ryan Peene

To paraphrase the theme song from “Cheers”, one of the most popular television shows of all time – “You want to be where everybody knows your name.” Throughout 2020 and into 2021, there are few mottos as important to our customers as this. A customer’s banking relationship must have that same rapport as Sam Malone, …

5 Smart Uses for Your Stimulus Check

stimulus check

President Biden recently signed a new $1.9 trillion COVID relief package. This bill, called the American Rescue Plan, is the third major stimulus package that the federal government has made law. The plan includes another round of stimulus checks, extended unemployment benefits, expanded tax credits, funding for schools and state/local governments and much more. Having …

Spencer Savings Bank Receives NJBankers’ 2019 Community Service Award

NJ Bankers

Spencer Savings Bank is pleased to announce that it was recently awarded with the NJ Bankers’ 2019 Community Service Award for its community service work. The Community Service Award Project, sponsored by NJBankers, is an annual program held to both celebrate the community work of members and share these efforts with representatives of New Jersey’s …

Five Ways to Upgrade Your Home Using Your Tax Refund

Home Improvement

A tax refund can act as a very welcome bonus. One of the best ways to spend your tax refund is by making improvements to your home. Home projects can raise the value of your home and improve its aesthetics and functionality. Below are five of the best home renovations to spend your tax refund …

Spencer Savings Bank Inks $22 Million Loan Deal for Global Manufacturing Company

22 Million Loan banner

Spencer Savings Bank recently closed on a $22 million loan for a global manufacturing company headquartered in New York City. The deal is the bank’s largest single transaction in history, signaling a continued appetite for growth and the desire for borrowers to work with a community bank. “We were delighted to have the opportunity to …

“Warm Up This Winter” Drive For Bridges Outreach Nonprofit

Bridges Outreach Collection

Spencer Savings Bank recently hosted a “Warm Up This Winter” drive in support of Bridges Outreach, a non-profit organization headquartered in Union County. The bank and employees donated hundreds of new socks, gloves, hats and scarves to help keep their clients nice and warm this winter season. Contactless shopping was done with items purchased at …

Protect Your Future With The Right IRA Account

retirement ira accounts

Tax season commenced on February 12th, and the IRS has begun accepting and processing 2020 tax year returns. There are ways to help you save on your taxes and funding an IRA (Individual Retirement Account) is one of them. An IRA is a personal account, meaning that you do not need an employer to open …

How To Spot And Avoid Online Dating Scams

Romance Scam

February is the time to celebrate love. Many people turn to online dating sites in the hopes of finding love. In 2019, there were over 30 million online dating users in the United States. Scammers know millions of people use online dating sites. They are on there as well and ready to steal your money. …

Announcement of 2021 Annual Meeting Results, Welcomes New Board Members

Annual Meeting 2021

Spencer Savings Bank, a leading New Jersey-based community bank, announced that its 2021 Annual Meeting was held on Thursday, January 21, 2021. At the meeting, Peter J. Hayes was re-elected to the bank’s Board of Directors, for a term of three years. The bank also welcomed two new board members. Thomas J. Duch was elected …