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Wednesday, May 22, 2024

Spencer Savings Bank Supports Lyndhurst School with $15,000 Donation After Fire

Spencer Savings Bank Donates $15,000 to Help Rebuild Washington Elementary School after Fire

In a heartwarming gesture of community support, Spencer Savings Bank, a New Jersey-based community bank, has generously donated $15,000 to the Lyndhurst Board of Education. The donation is intended to assist Washington Elementary School in their efforts to rebuild and purchase new school equipment after a fire destroyed a classroom in their basement.

“We take great pride in being there for our community when they need us most. This is what community banking is all about,” stated Jose B. Guerrero, CEO and Chairman of Spencer Savings Bank. “We are grateful that no one was hurt and are proud to make a donation to the Lyndhurst community to help the school and students recover.”

The fire at Washington Elementary School occurred in September, resulting in heavy damage to a classroom in the basement. Although classes were temporarily cancelled, thankfully no one was injured in the incident. Students were able to continue their studies by attending other schools in the district while the school worked on recovering from the fire.

Spencer Savings Bank has been an integral part of the Lyndhurst community for over two decades, with a financial center located at 230 Ridge Road. The bank’s donation demonstrates their commitment to supporting the communities they serve and their dedication to uplifting local educational institutions.

About Spencer Savings Bank
Spencer Savings Bank has been a stalwart presence in New Jersey for over 100 years, with a focus on serving its local communities with integrity and pride. With approximately $4 billion in total assets, the bank operates 27 financial centers throughout New Jersey and specializes in providing premier banking products and services for consumers and businesses. Spencer Savings Bank’s dedication to community support and charitable giving embodies the essence of community banking.

For more information about Spencer Savings Bank and their philanthropic efforts, please visit

By donating $15,000 to the Lyndhurst Board of Education to support the recovery efforts of Washington Elementary School, Spencer Savings Bank has demonstrated their unwavering commitment to the well-being of the communities they serve. Through their generous contribution, the bank has shown that community support is at the heart of their mission, embodying the true spirit of community banking.

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