Important Notice

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Key things to know:

Customers should continue to bank as usual at their regular Wawel branch locations until the end of July when they convert over to Spencer Savings Bank. More information will be provided as we get closer.

Customers will experience minimal changes in their day-to-day banking. Given the similarities between the bank’s business models, we anticipate a smooth transition. In fact, we anticipate a more comprehensive scope of services offered now to Wawel bank customers.

In July, your accounts will seamlessly transition over to Spencer. There will be no impact to existing loan rates, terms and conditions. Wawel customers will receive a conversion guide in June with more information. There is no action that you have to take on your part.

At this time, we do not anticipate any change to your existing Wawel account number. We will notify you if any changes occur.

There are slight differences between Wawel and Spencer Savings Bank. We will place Wawel customers into the Spencer Savings account that most closely matches the services and features of their current account. We will notify you of any changes to your accounts, well in advance.

At this time, you may continue to use your current Wawel ATM card. When the bank operating systems are combined in July, you will receive a new debit or ATM card. More information will be provided at a later date.

No. Since checking account numbers are not changing, you will not have to make any changes to direct deposit instructions. Any changes will be notified at account conversion.

This merger has no impact on existing loan rates, terms and conditions.

Please continue to use your existing checks. If you find you need to order additional checks, please contact us at 1-800-363-8115 after July 23rd 2018, and we would be happy to place an order for you.

A conversion guide will be mailed in June 2018 to all customers to reference prior to the merger on July 23rd 2018.

Spencer Savings Bank is headquartered on River Drive in Elmwood Park, NJ.

Spencer Savings Bank will offer you more innovative product lines, competitive pricing, flexibility, local decision-making and a wealth of knowledge that is unparalleled by any other bank in our area.

We have more branches and ATMs, for added customer convenience. Our broad menu of products and services are on par with those of the largest regional and national banks. Our digital capabilities package is strong and allows you to bank anywhere in the world. The way we deliver these products and services is what differentiates us. We make strong connections with our customers – giving them personal attention as we get to know their needs and financial dreams for the future.

Spencer Savings Bank has many staff members that speak Polish. Our staff is multi-lingual and ready to easily accommodate your needs, so you feel right at home. We take pride in connecting with the Polish community, as well as a variety of other communities in the towns we service. We are actively involved in various activities, throughout the year, that help us connect and serve our multi-cultural customers well.

We will be providing regular updates on the status of the merger online at www.spencersavings.com. If you have any questions, you may contact us at 1-800-363-8115, M-F 8am-8pm and Saturday 8am-2pm.

You will still continue to see all the familiar Wawel staff members that you’ve come to know over the years, at Spencer Savings Bank.