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Your Trusted Partner for Banking Solutions in New Jersey
Spencer Savings Bank has been a trusted financial institution serving New Jersey communities for over 130 years. Headquartered in Elmwood Park, NJ, we operate 27 Financial Centers across the state, offering personalized banking solutions for both individuals and businesses. Our comprehensive services include personal and business checking and savings accounts, certificates of deposit, loans, mortgages, and commercial real estate financing. We prioritize customer well-being through competitive rates, dedicated local service, and innovative digital tools like 24/7 online and mobile banking. Our team of experienced professionals delivers tailored financial strategies, including specialized lending programs for manufacturers, CPAs, and law firms.We maintain strong community ties through active involvement in local events and initiatives. Backed by FDIC insurance and a legacy of integrity, we combine time-tested stability with modern banking capabilities. Our commitment to transparency and customer support is evident in services like Zelle for fast transfers and Kasasa Cash Back Checking accounts. With NMLS #421318 and routing number 221271951, we remain a cornerstone of New Jersey's financial landscape.
Services
Personal Banking
Business Banking
Loans
Mortgages
Commercial Real Estate
Mobile Banking
Cash Management
Credit Cards
Wealth Management
Digital Banking
Highlights and features
- We offer over 130 years of proven banking expertise in New Jersey
- Our 27 Financial Centers provide localized, personalized service statewide
- Specialized lending programs for manufacturers, CPAs, and legal professionals
- 24/7 digital banking access with Zelle and Kasasa Cash Back options
- Community-focused financial education and support initiatives
Associations and certifications
- FDIC
Services
Personal Banking
We provide comprehensive personal banking solutions including checking accounts, savings accounts, certificates of deposit, and IRAs. Our services feature digital tools like mobile banking apps, online account management, and Zelle transfers. Customers benefit from competitive interest rates and convenient access through 27 New Jersey locations.
Business Banking
Our business banking division offers checking and savings accounts, merchant services, cash management solutions, and commercial loans. Specialized programs support manufacturers, accounting firms, and law practices with tailored financial strategies. Businesses access 24/7 digital tools and local relationship managers for personalized service.
Mortgage Loans
We originate fixed and adjustable-rate mortgage loans for home purchases and refinancing. Current rates include 6.284% APR for 30-year fixed mortgages. Our lending team provides personalized guidance through the application process with local decision-making and fast approvals.
Commercial Real Estate
Our commercial real estate loans support property acquisitions, developments, and refinancing projects. The program targets New Jersey businesses with customized financing solutions. Services include construction loans, income property financing, and owner-occupied commercial space mortgages.
Digital Banking
24/7 digital banking access includes account management, bill payment, fund transfers, and mobile check deposit. Security features include multi-factor authentication and card control options. Customers access services through dedicated apps for personal and business accounts with real-time transaction monitoring.
People
Marcella Gencarelli
VP, Business Development Officer
Marcella Gencarelli brings extensive financial services experience to Spencer Savings Bank. She focuses on expanding business relationships and developing strategic partnerships across New Jersey's commercial sectors.
Questions
What personal banking services do you offer?
We offer checking accounts, savings accounts, CDs, IRAs, personal loans, and credit cards with digital banking tools.
Are business banking services available?
Yes, we provide business checking, commercial loans, merchant services, and cash management solutions.
Do you offer mortgage loans?
We provide fixed and adjustable-rate mortgage options for home purchases and refinancing in New Jersey.
What are your branch hours?
Monday-Friday 8am-8pm, Saturday 8am-2pm. Closed Sundays and major holidays like Veterans' Day.
How can I access account support?
Contact our Customer Service Center at 1-800-363-8115 or use our 24/7 telephone banking system.
