Spencer Savings Bank Selects Westfield, N.J. as Site of New Banking ConceptApril 11, 2018

Spencer Savings Bank New Concept

Spencer Savings Bank, a community bank headquartered in Elmwood Park, N.J., has selected Westfield, N.J. as the site for its new, technologically advanced “Financial Center”, a unique combination of a banking center and loan production office.

The Westfield Financial Center will showcase the latest transaction technology to optimize check cashing, deposits, loan payments, and other inquiries. The interactive teller machines allow customers to complete transactions using a remote-controlled, ATM-based kiosk while being virtually guided by a banker. The interactive tellers handle the more routine transactions, allowing on-site bank representatives to assist with new account openings, loan applications, loan closings and questions. The Westfield Financial Center will operate with extended hours of 8 a.m. to 8 p.m. There will also be a 24-hour ATM machine available. In addition to this, Spencer will have three commercial loan officers based in Westfield to help customers with business and commercial loan needs.

“We are thrilled to be opening our doors in Westfield. This city is a commuter hub with a forward-thinking, tech-savvy community. We know residents will enjoy our new Financial Center, which incorporates the latest technological tools to help them simplify their banking experience,” said José B. Guerrero, Chairman, President and CEO of Spencer. “Spencer has been a stronghold in Union County for decades, and we look forward to serving businesses in the area. The large national banks have underserved the business community here, so we are filling this gap with a major and ongoing commitment to our local business owners.”

Spencer has been operating a traditional branch in neighboring Garwood. The entire staff will be retained and relocated to the new center which will open in early July. The new center will be located in the heart of Westfield at 240 North Avenue West. Spencer will continue to announce additional details and special offers as that time nears.

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