Having Challenges Managing Shortfalls from Aggressive Year-End Collections & Bonus Payments?

Spencer Savings Bank understands the seasonal pressures legal professionals face—especially when year-end collections and bonus payouts strain your cash flow. Backed by our deep legal industry experience, we provide tailored banking solutions like our commercial lines of credit designed to help you manage shortfalls without disrupting your firm’s operations or growth.

Why Law Firms Choose Spencer

• Specialized Expertise in Legal Banking: We work closely with attorneys and law firm administrators to streamline cash flow, protect client funds, and simplify day-to-day banking operations.
• Dedicated Relationship Managers: You’ll work with a dedicated expert who understands the legal industry and is available when you need them.
• Financial Strength You Can Trust: With over a 130-year history, Spencer is one of New Jersey’s strongest and most stable community banks.

Our Legal-Focused Solutions

• Commercial Line of Credit: Bridge cash flow gaps caused by year-end collections and bonus payouts with flexible access to funds.
• Attorney Trust and IOLTA Accounts: Easily manage client funds in full compliance with state bar regulations.
• Operating & Escrow Accounts: Seamless, secure daily banking for your firm’s general operations and client transactions.
• Remote Deposit Capture: Make check deposits from your office—no trip to the bank required.
• Online & Mobile Banking: Secure, real-time account access and cash management tools.
• Merchant Services: Accept credit card payments securely and conveniently.