Spencer Savings Bank is pleased to announce the appointment of Farrukh Qureshi as Vice President and Director of Internal Audit. In his new role, Qureshi will report to the Audit and Risk Committee of the board of directors.

With over 25 years of experience in the financial services industry, Qureshi has a strong background in audit, regulatory and corporate compliance, as well as advisory and consulting in New Jersey and other states. Prior to joining Spencer, he held a variety of senior leadership positions throughout his career and worked at various financial, banking and professional organizations. Qureshi received a Master of Business Administration from Montclair State University and holds numerous industry professional certifications.

“We are pleased to welcome Farrukh Qureshi to Spencer Savings Bank,” stated Jose B. Guerrero, Spencer’s Chairman and CEO. “At Spencer, we believe that an effective control environment leads to success and continued business growth, as a responsible community partner. Farrukh has extensive experience in the industry and a strong background in identifying risks and evaluating processes and control environments. We look forward to partnering with him to uphold internal audit excellence as we continue to grow the bank.”

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