Spencer Savings Bank Honored by NJ Senate and General Assembly

Elmwood Park, NJ, December 09, 2023 — The Senate and General Assembly of the State of New Jersey not too long ago acknowledged Spencer Savings Bank, extremely esteemed all through the Garden State, for selling educational excellence by way of its scholarship program. Assemblyman Gary S. Schaer not too long ago visited the financial institution to current Jose B. Guerrero, Spencer’s CEO and Chairman, and the Executive Management crew with the Proclamation on behalf of the NJ State Legislature.

Since its institution in 2002, the financial institution’s scholarship program has offered monetary help to deserving college students all through New Jersey by granting over $600,000 in educational scholarships. The college students have earned distinction by way of their scholastic accomplishments along with their exemplary management expertise and dedication to neighborhood service.

During the go to, Assemblyman Gary Schaer praised the financial institution’s steadfast efforts to advance the widespread good and counseled the corporate for its dedication to the state’s younger individuals. The proclamation famous, “The energy and prosperity of the State of New Jersey and the effectiveness of American society tremendously depend on a radical and environment friendly schooling for all, and upon excellent organizations, exemplified by Spencer Savings Bank, that dedicate their time and sources in furtherance of an astute, engaged and knowledgeable citizenry.”

“We take nice pleasure within the help we offer our youth in creating a greater tomorrow, each for themselves and for our neighborhood. We are very honored to obtain this award and thank Assemblyman Schaer for visiting with us and acknowledging our work,” said Jose B. Guerrero, Chairman and CEO of Spencer Savings Bank. “For over a century, Spencer has been a pillar of the neighborhood, dedicated to enhancing the lives of its neighborhood members in numerous methods. We are happy with the robust help we proceed to offer the neighborhood, particularly with schooling. Not solely will we lend monetary help, however we additionally present monetary schooling, all year long, at numerous faculties and neighborhood/enterprise organizations throughout the state.”