Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to announce that Senior Vice President and Chief Credit Officer Maria Seretis has been appointed a member of the Union County Economic Development Corporation (UCEDC) Board of Trustees. As a Trustee, Seretis will serve as a voting member and participate in committees focused on supporting the development and growth of New Jersey small businesses.
“Spencer has been a long-time supporter of UCEDC. The UCEDC Board of Trustees and staff are excited to continue our relationship with Spencer with the addition of Maria as part of the UCEDC family. Her experience and expertise are a valuable resource as UCEDC continues to grow and meet the increasing demands and needs of the small business community,” stated Adam Farrah, President of the UCEDC.
Seretis has almost two decades of experience in commercial banking. She has a strong background in credit risk management, commercial underwriting and regulatory compliance. Her extensive industry experience includes partnering with bank executive management teams and board committees to strengthen overall portfolio performance and drive organizational growth and stability. Seretis has held various leadership roles, including Assistant Director and Credit Manager.
“It is an honor to join the UCEDC Board of Trustees! As a community-focused bank, Spencer brings great expertise in serving New Jersey’s small business community – which aligns directly with UCEDC’s focus on providing business capital, training and resources,” stated Maria Seretis, Spencer’s Senior Vice President and Chief Credit Officer. “The synergy between both organizations is exactly what helps local economies thrive. Both are dedicated to strengthening local economies by helping small businesses succeed. I look forward to creating a strong partnership with them and supporting our business community.”
About the Union County Economic Development Corporation (UCEDC)
Founded in 1977, UCEDC is a Nonprofit Economic Development Corporation and a U.S. Treasury‑designated Community Development Financial Institution (CDFI). UCEDC’s primary mission is to boost local economies through business development and job creation. Its work focuses on expanding economic opportunities for underserved communities by providing access to capital along with entrepreneurial training and government contracting support through its APEX/PTAC accelerator. UCEDC serves businesses across New Jersey, New York City, Westchester County, Philadelphia, and Bucks counties in PA.