Spencer Savings donates $10K to support STEM education

Spencer Savings Bank recently announced it is making a $10,000 contribution to the Research & Development Council of New Jersey to help support its Governor’s STEM Scholars program.

The contribution, which goes to the general fund of the council, was made in the name of two local students who participate in the program, Kenny Frias, a senior at Lobosco STEM Academy, and Mina Basaly, a junior at Rutgers University.

The students were honored a recent event that featured a tour of the bank and dinner with senior management team members, including President and Chief Operating Officer Jane Allerman Rey and Chief Financial Officer Steve Fusco, as well as senior leaders from the bank’s finance and information technology teams.

The bank leaders shared industry knowledge, career advice and tips for professional success in a great discussion over dinner. These real-world insights will help the students on their journey of navigating the world as scholars and future leaders.

“Spencer is honored to support such bright young students like Kenny and Mina,” Chairman and CEO Jose Guerrero said. “New Jersey is a leading contender in education, and it takes great work, drive and commitment to purse these rigorous fields of study. We are so proud to continue to support their education and look forward to the wonderful contributions they both will make in the communities of New Jersey.”

For more than 60 years, the R&D Council has supported the state’s innovation economy, which boasts of a first-class workforce of scientists, engineers and other STEM professionals. The Governor’s STEM Scholars program was founded by the R&D Council to provide New Jersey’s highest-achieving high school and college students with a variety of necessary tools, so that they may continue to excel in fields related to science, technology, engineering and mathematics.

Spencer Savings Bank, a leading New Jersey-based community bank headquartered in Elmwood Park, has been serving its local communities with integrity and pride for more than 100 years. The bank has almost $4 billion in total assets and operates 26 financial centers throughout the state.