About
Spencer Savings Bank is a full service, mutually owned and operated, community bank operating 20 Financial Center across New Jersey. We’ve been in business for over 100 years, have over $3 billion in assets and a team of nearly 300 dedicated employees who specialize in delivering premier banking products and services. Spencer prides itself on being one of New Jersey’s strongest community banks – maintaining its distinct image of trust, security and commitment to its customers throughout all these years. We meet the full range of individual, business, commercial, and municipal banking needs through our broad menu of banking products and services. From basic personal checking services and small business products to financing expertise on multi-million dollar properties and commercial enterprises, Spencer’s banking capabilities are on par with those of the larger regional and national banks. Our highly experienced management team provides a unique and personal approach to banking locally, servicing its customers with an exceptional level of care that can rarely be found at larger banks. At Spencer, we understand the importance of getting to know you as a customer. Not only will you... Read More
Top Deals
FINANCED
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New Jersey | MultiFamily | PPSF: $10769
11/04/2020
FINANCED
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New Jersey | MultiFamily | PPSF: $296
FINANCED
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New Jersey | MultiFamily
08/12/2022
FINANCED
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New York | Mixed-use | PPSF: $765
05/19/2020
Focus
MultiFamily
Loan
Markets
Headquarters
611 River Drive, Elmwood Park, NJ 07407
FAQs
Spencer Savings Bank has financed 23 deals.
Spencer Savings Bank's most recent deal was on September 28, 2026.
Spencer Savings Bank's largest deals include a loan of $14,000,000.00 for 10 N Ridgewood Rd, South Orange, NJ 07079, USA.
Member since: December 2022
Deals
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FINANCED
Rich Shlakman Secures $12.5 Million Construction Loan For 49 Unit Development In Belleville
$296/SF
Belleville Avenue, Belleville, NJ
NJCRE
RS
Sep 28, 2026
FINANCED
Mendel Tessler Secures $7.5 Million Refinance Loan From Spencer Savings Bank For Multifamily Asset
190 East 205th Street, Bronx, NY
NYCRE
Jun 25, 2025
FINANCED
Spencer Savings Bank Refinances 195-Unit Multifamily Property In Guttenberg, NJ For $6.67M
7000 Adams Street, Guttenberg, NJ
NJCRE
Mar 1, 2024
FINANCED
Spencer Savings Bank Provides $5.23M Construction Loan For Mixed-Use Property In Jersey City
$246/SF
170-174 Monticello Avenue, Jersey City, NJ
NJCRE
Sep 22, 2023