Spencer Savings Bank, a leading New Jersey-based community bank, recently announced the expansion of its Commercial and Industrial Lending team with the addition of a new lending expert. The bank recently hired Vice President Sid Vaidya, as C&I Relationship Manager, to meet the growing demands of the division.
With over a decade of strong experience working in the commercial lending industry, Vaidya is focused on relationship management with a background in credit analysis. He has worked with middle market clients, in a variety of industries and professions, throughout the state. He will be based in Union County and will be growing his relationships there – providing commercial lending solutions to both small and mid-sized companies, that are often overlooked by the larger financial institutions.
“We are excited to welcome Sid to the Spencer team. He has strong business development skills and extensive industry knowledge,” says Juan Oelofse, Senior Vice President and Director of Commercial and Industrial Lending. “Spencer’s success has always been rooted in the ability to build strong, long-lasting relationships with our clients and Sid’s passion for the client is a perfect match with our company philosophy. He understands the winning formula that has made Spencer great – complete client focus and care while simultaneously providing expertly tailored solutions, fair pricing, expedited turnarounds and local decision making – and is excited to join this winning team.”
Vaidya is a MBA graduate from Quinnipiac University. A strong believer in the power of networking, building connections and giving back, he dedicates much of his free time to noteworthy organizations such as the Boys & Girls Club of Union County (where he is a current Board Member) and the Association for Corporate Growth (where he co-chairs the Corporate Growth Conference and Awards). He is a frequent speaker at universities throughout the state, on topics of networking and self-development, and currently resides in West Orange with his wife and son.