Bank Awards Scholarships To Elizabeth Students

ELIZABETH – Spencer Savings Bank, headquartered in Elmwood Park, recently announced the winners of its annual scholarship program.   Jessica A. Ortega of Elizabeth High School and Melanie Aleman of Theodore Roosevelt Middle School were awarded academic scholarships. An award of $1,000 was given to Jessica and a $500 Coverdell Education Savings Account (CESA) was awarded to Melanie, in recognition of their hard work and dedication throughout the school year.

Since its inception in 2002, the Spencer Scholarship Program has awarded over $200,000 to exceptional students in recognition of their academic achievements.  This year, over $20,000 went to families from 27 different schools across the Spencer footprint. The program has had an overwhelming response and recognizable success throughout the surrounding communities. Criterion used to select winners include an outstanding GPA, a history of community involvement, demonstrated leadership skills and an interest in pursuing a career in business or finance.


“The accomplishments of these students is outstanding and it is our honor to recognize them. Spencer wants to help encourage these young adults to achieve their academic goals,” said José B. Guerrero, President, Chairman and CEO of Spencer Savings Bank. “They are the future of our community and we’ll proudly support them every chance we get.”

On June 30, Spencer Savings Bank hosted a reception for the winning students and their families at the branch office in Elmwood Park.  The students were presented with their awards and were honored for their accomplishments.

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