Spencer Welcomes New Senior Vice President and Director of Commercial & Industrial Lending

Spencer Savings Bank announced the appointment of Juan Oelofse as senior vice president and director of commercial and industrial lending. He will be responsible for managing and directing the activities of the bank’s Commercial & Industrial Lending Department, which specializes in financing business working capital needs, owner-occupied commercial real estate and asset financing such as accounts receivable, inventory and equipment.

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​Oelofse comes to Spencer from SB One Bank, where he was senior vice president and team leader. Prior to that, he was with Interchange Bank/TD Bank as vice president/senior commercial loan officer. He holds a bachelor of commerce degree from the University of Johannesburg in South Africa. 

In addition, Spencer Savings Bank recently hosted a school supply drive to support the Center For Food Action in Saddle Brook. For almost a month, the bank collected school supplies for local children, including binders, pencils, notebooks, backpacks and more, with Spencer employees delivering the goods to the center.