Spencer Savings Bank Awards Annual Scholarships to Cranford Students

Photo Caption:
Vince Spada (Cranford Branch Manager), Christine Bernadette Garcia (Cranford High School), Julia Lachenauer (Hillside Avenue School), Christine Vivien Garcia (Cranford High School)

FOR IMMEDIATE RELEASE

Spencer Savings Bank Awards Annual Scholarships to Cranford Students

FOR MORE INFORMATION CONTACT:

Dave McIndoe (NWIM): 732-701-9797

Janel Bazih (SSB): 201-703-3800 x8284

Spencer Savings Bank Awards Annual Scholarships to Cranford Students

Cranford, NJ (July 6, 2015) – Spencer Savings Bank, a community bank headquartered in Elmwood Park, once again awarded scholarships as part of an annual initiative to support promising young students in the region. On June 24th, an awards ceremony was held at the bank where three Cranford students received scholarships. Cranford High School twin students, Christine Bernadette Garcia and Christine Vivien Garcia, split the award and each received a $500 scholarship. In addition, Hillside Avenue School student Julia Lachenauer received a $500 scholarship in the form of a Coverdell Education Savings Account.

In total, 31 local students received $23,500 in scholarships this year. Through the program, 16 high school students each received a $1,000 scholarship, along with 15 middle school students who each received a $500 Coverdell Education Savings Account. The Bank’s annual scholarship program is designed to recognize and encourage those with academic potential as they plan their future educational endeavors.

“Investing in our community starts with helping secure an education for our children,” says José B. Guerrero, Chairman, President and Chief Executive Officer of Spencer Savings Bank. “Education is expensive and much needed for a bright future. We are so proud to support these young scholars in their academic pursuits, hopes and dreams.”

Since the inception of the Spencer Scholarship Program in 2002, a total amount of $315,500 has been awarded to students from the Bank’s service area, including Clifton, Cranford, Elizabeth, Elmwood Park, Garfield, Garwood, Lodi, Lyndhurst, North Caldwell, Nutley, Parsippany, Saddle Brook, Union, Wallington, Wayne and Wood-Ridge. In addition to the scholarship program, Spencer also hosts financial education programs in area schools.

“Being able to continue our long-running scholarship program is one of the greatest privileges and responsibilities of Spencer Savings Bank,” Mr. Guerrero says. “Our children are our legacy and we are very proud to support these local students in our community and to celebrate their accomplishments.”

To learn more about the bank’s community service activities, visit www.spencersavings.com.

About Spencer Savings Bank:

Spencer Savings Bank, a community bank headquartered in Elmwood Park, NJ, has been serving its local communities with integrity and pride for more than 75 years. The Bank, serving consumers and businesses, operates 20 branches throughout New Jersey. Learn more at www.SpencerSavings.com.