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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

Sid Vaidya

Sid Vaidya

VP / Commercial Lending Officer

Email: svaidya@spencersavings.com
Cell: 973-739-8800

With 15 years of experience working in the commercial lending industry, you will find I am heavily focused on relationship management and have a strong background in credit analysis. My experience includes working with middle market clients, in a variety of industries and professions throughout the state. I especially enjoy providing commercial lending solutions to both small and mid-sized companies that are often overlooked by the larger financial institutions. My areas of expertise and strengths include the transportation industry, food and beverage industry within warehousing, distribution, wholesaling and logistics.

One of my passions is networking and teaching others how to network. I enjoy bringing like-minded people together to learn from each other and grow. I’m a regular speaker at various universities, educating college students and graduates on the topic of networking and self-development. In my spare time, in addition to spending time with my family, I enjoy podcasting, reading biographies and self-improvement books.

What matters to me most is maintaining a healthy lifestyle and financial independence – not only for myself and family but in helping others achieve this.

Strong Community Ties

Volunteerism:

  • Boys & Girls Club of Union County Board Member
  • Speaker at Various Organizations
    • Berkeley College
    • NYIT University
    • Mountain Lakes High School

Awards:

  • Wells Fargo Bank Team Partner Award
  • NJ Santander Bank Deal Team Award
  • TD Bank Minority Leadership Award

Community Support:

  • Boys & Girls Club
  • Eva’s Village
  • Community Food Bank NJ
  • Riverview Medical Center
  • Association of Corporate Growth NJ Member

Testimonials

“Sid has been a value add to our business helping us with the financing needs but also giving us his network of contacts including access to accountants, attorneys, and other vendors who we can do business with.”
– Owner, Transportation Executive

“I met Sid a couple of years ago at a networking event. He has been a wealth of information and has advised me on various projects. My business is growing and one of the reasons is because Sid gives great business advice. I am excited to see Sid grow his network. It’s easy to recommend Sid because he is great at what he does.”
– Owner, Technology Services Executive

“Sid is extremely knowledgeable and easy to work with. He is a leader and a great resource. Sid is also proficient in working capital discussions and provides a memorable/valuable experience to all his clients and network contacts.”
– Owner, Food Distribution Executive