Spencer Savings Bank, a prominent community bank in New Jersey, has announced the appointment of Sergio Musacchio as Senior Vice President and Director of Small Business Finance. With over two decades of experience in the industry, Musacchio will be leading the Small Business Lending division at Spencer Savings Bank, where he will be responsible for implementing new small business lending and deposit products while maintaining the bank’s strong credit culture.
John Duncan, Executive Vice President and Chief Lending Officer at Spencer Savings Bank, expressed his enthusiasm for Musacchio joining the team, stating, “At Spencer, we’re committed to helping businesses, across the state of New Jersey, grow and succeed. We are pleased to welcome Sergio Musacchio as the new leader of our Small Business Finance team and look forward to serving the small business borrowers in our community. Sergio is an experienced lending professional focused on providing a superior client experience to our customers, both existing and new. He reflects and embodies our core company values very well.”
Musacchio’s extensive background includes holding various leadership positions at large financial institutions in the state, focused on developing business sales teams, business products/services, and market presence in the tri-state and New England markets. His passion for creating and developing both business leaders and products that help businesses achieve success has positioned him as an ideal fit for his new role at Spencer Savings Bank. Born and raised in Northern NJ, Musacchio graduated with a degree in finance from Fairleigh Dickinson University.
Spencer Savings Bank, with about $4 billion in total assets and operating 26 financial centers throughout New Jersey, has been serving its local communities for over 100 years with integrity and pride. The bank specializes in delivering premier banking products and services for consumers and businesses, and the addition of Sergio Musacchio further underscores its commitment to small businesses across the state.
With Musacchio’s leadership, Spencer Savings Bank aims to continue its tradition of providing exceptional support and resources to small businesses in the community. The bank looks forward to leveraging Musacchio’s expertise to develop and offer new products and services that cater to the unique needs of small business owners.
For more information about Spencer Savings Bank and its offerings, visit SpencerSavings.com.
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