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Tuesday, March 10, 2026

Spencer Savings Bank expands N.J. commercial lending team with four new hires

Elmwood Park-based Spencer Savings Bank recently announced a significant expansion of its commercial banking lending division with the addition of four new lenders. Carlos Carvajal, Eric Wong, Robert Ross, and Joseph Arnone have joined the team to drive the growth of the bank’s commercial lending portfolio and serve the increasing demand from clients.

The new hires bring a combined wealth of experience from various national, regional, and community banks. Their roles will focus on business development and providing tailored financial solutions to clients.

  • Carlos Carvajal joins as vice president, Commercial Real Estate Lending Client Manager. With nearly 30 years of experience, he specializes in fostering client relationships, particularly for ground-up construction loans.
  • Eric Wong joins as vice president, Commercial and Industrial Lending Relationship Manager. He has over 35 years of commercial banking experience and a strong track record in new business acquisitions.
  • Joseph Arnone joins as vice president, Commercial and Industrial Lending Relationship Manager. With almost 20 years of experience, he is a results-driven lender who excels at building client relationships.
  • Robert Ross joins as vice president, Commercial and Industrial Lending Relationship Manager. He has over two decades of experience helping businesses grow and is committed to client excellence.

Michael Claisse, executive vice president and chief lending officer at Spencer Savings Bank, expressed his excitement about the new additions. “We are pleased to welcome Carlos, Eric, Robert, and Joseph to Spencer!” he said. “At Spencer, we continue to invest in strong commercial lending professionals who bring extensive industry knowledge and a shared commitment to exceeding client expectations.”

The expansion of the lending team will help Spencer Savings Bank provide a combination of exceptional banking products and personalized service to real estate owners, developers, and businesses across New Jersey.

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