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  Important Information
Financial Center Updates & Important Information Read More

As the virus transmission rate continues to increase again in New Jersey, we’d like to inform you that we will be closing our lobbies to the general public effective Monday, December 7, 2020. If you need to conduct business inside one of our financial centers, you will be required to schedule an appointment.  However, we will be operating our drive-up facilities as normal.  Please see our revised hours of operation and financial center contact information. Financial Center Locations

Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility.  We appreciate your patience as we do our part to protect you and our employees from the spread of COVID-19. Financial Center Locations

Learn about all the ways Spencer is creating a safe and secure environment. Read More

We continue to stay committed to you during this difficult period.  View an updated message from our Chairman and CEO. Read More

Rich Vaill

VP / Business Development Team Leader

Cell: 973-699-5616

I have more than 25 years of experience working in the financial industry. Prior to this, I served our country as a Marine Corps Officer for 17 years and am a graduate of the United States Naval Academy. My financial industry experience includes strong roles in both sales and management. My areas of expertise are 1031 Exchanges, Escrow, Leadership, Team Building and Networking. I am the team leader for the entire business development team. It is a role I am very passionate about, ensuring nothing but the highest standards of excellence. Together, we provide expert deposit and lending solutions, geared to helping both small and mid-sized companies in the Union County area.

I have served in Desert Storm and also founded an international LinkedIn group, “Jobs for Veterans”, to help veterans find employment. My greatest passion is spending as much time as possible with my family. Whether serving business clients or out on the frontlines serving our country, helping others in service is what I do best.

Strong Community Ties


  • Founder of International LinkedIn Group, Jobs for Veterans
  • President, New Jersey Chapter – National Marine Corps Business Network


Officer in the United States Marine Corps for 17 Years (Deployed Overseas Twice)

“Over the last 10+ years, Rich has inspired me with his professionalism, discipline, and consistency. He has the impeccable blend of both professional competency but also personal integrity which has allowed him to be a trusted business colleague but also someone I am proud to call a friend.”
– Managing Member, Abdou Law Offices LLC

“I’ve known Rich for more than 12 years and have never found another banker willing to go above and beyond for his clients, colleagues or friends. He’s the banker our parents grew up with where a relationship meant something. This approach serves Rich well and serves his clients even better.”
– Owner, BC Compliance Group LLC

“Rich is a resource. He is very good at what he does, but more than that, he is the person you go to when you have a problem and the solution is not off the shelf. He is intelligent, composed, and personable. He brings a wide range of experience to the table, along with a network of contacts that provide different perspectives to achieving the desired result.”
– Director of Business Development, Capital 1031 Exchange Company, LLC