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  Important Information
Financial Center Updates & Important Information Read More

Beginning Monday, March 15th the bank will resume full service status to our lobby areas with normal business hours. (No appointments are needed). Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility. Financial Center Locations

We remain committed to do our part to ensure our community stays healthy during the COVID-19 pandemic. Spencer is creating a safe and secure environment for all who visit. Please take a few moments to review the safety protocols listed here prior to visiting us. Read More

We continue to stay committed to you during this difficult period.  View an updated message from our Chairman and CEO. Read More

Your New Bank Has Been Here All Along

Experience the Spencer Difference

Small Business Loan Offers

Loan Amounts Up to $250,000

Commercial Loan Offers

Plus, inquire about our full-suite of cash management services designed to simplify, streamline, and safeguard your finances.

Visit your local financial center or schedule an appointment with one of your local business specialists.

Garfield
Financial Centers

Svetlana Molina

VP, Business Development
Officer

Marzena Czachor

VP, Market Manager

Lyndhurst
Financial Center

Rich Vaill

VP, Business Development Officer Team Leader

Anthony Niciejewski

VP, Market Manager

Parsippany
Financial Center

Rich Vaill

VP, Business Development Officer Team Leader

Anthony Niciejewski

VP, Market Manager

Westfield
Financial Center

Rich Vaill

VP, Business Development Officer Team Leader

Carmen Rivera

VP, Market Manager

APR=Annual Percentage Rate. Spencer refinances are not eligible for these promotions. Rates and terms are subject to change without notice. Eligible borrowers must have received this offer to qualify. All loans are subject to credit approval. Small Business Loan Offers*: Line of Credit rate is based on the total non-interest deposit account relationship of the borrower(s) and guarantor(s) as well as the Prime Rate as published on the last business day of the month in the Wall Street Journal. Rates as low as Prime minus 1% with a Floor Rate of 3.25%. As of 3/26/2021 the Prime Rate was 3.25% resulting in a promotional rate of 3.25%. BusinessEdge Term Loan rates are as follows: 3.74% (12-36 months) and 3.99% (48-60 month terms). There is a $500 Closing Fee on all promotional BusinessEdge Loans and Lines of Credit. An active primary business operating checking account with Spencer is required to receive these promotional rates. Other rates and terms available for borrowers that do not qualify for these promotional offers. Commercial Loan Offers**: These offers are only available to new, qualified commercial borrowers who at time of application do not have an existing commercial banking relationship with Spencer Savings Bank. An active primary business operating checking account with Spencer is required to receive these promotional rates. Commercial Line of Credit Promotion: Line of Credit rate is based on the total non-interest deposit account relationship of the borrower(s) as well as the Prime Rate as published on the last business day of the month in the Wall Street Journal. Rates as low as Prime minus 1% with a Floor Rate of 3.00%. As of 3/26/2021 the Prime Rate was 3.25% resulting in a promotional rate of 3.00%. There is a $500 Documentation Fee on all promotional lines of credit. Rate Discount Offer: This offer is only available on an owner-occupied mortgage. Financing available for properties in NJ, NYC & Boroughs and Eastern PA. Closing Cost Credit: Minimum loan amount of $1,000,000 on an owner-occupied mortgage to qualify. “Owner-occupied” is defined as property where > 51% of the gross rentable space is occupied by the owner-operator and >51% of the cash flow to repay the debt is derived from the owner-operator. Reimbursement under this offer for qualified and approved borrowers will occur within 45 days of closing to the borrower’s Spencer commercial checking account. Reimbursement will be the lower of all approved closing costs paid by the borrower or the amount allowed by the offer. Eligible closing costs will consist of appraisal fees and review fees, environmental reports, Spencer attorney fees, title insurance fees and miscellaneous fees including searches and recording fees. Other costs such as borrower’s attorney fees, property taxes, commitment fees and owner’s title insurance fees are not eligible. Financing available for properties in NJ, NYC & Boroughs and Eastern PA.