Spencer Savings Bank is headquartered in Elmwood Park
By Joshua Burd
Spencer Savings Bank has promoted a veteran banker who leads its retail division.
In a news release, the Elmwood Park-based lender said it has named George Celentano to the post of executive vice president and chief retail banking officer. In the new position, he will be responsible for the performance of the bank’s retail business across all products and channels and for leading the team in building relationships in the markets in which it does business.
Celentano has almost 30 years of retail bank management and leadership experience, Spencer said, noting that he joined the company in 2018 as senior vice president, director of retail banking and quickly ascended to his current role. He leads nearly 200 employees in the retail division and oversees the financial center network, retail training, retail service, deposit operations, community development, government banking and small business lending areas.
“In his short time here, George has proven himself to be a valuable visionary, strong leader and great team player,” said Jose B. Guerrero, chairman and CEO of Spencer Savings Bank. “He has played an integral role in the bank’s recent growth and success.
Prior to joining Spencer, Celentano held senior vice president and regional manager roles at both Provident Bank and PNC Bank, the news release said. He has also held vice president and branch management positions at Valley National Bank and Carteret Savings Bank.
“George has demonstrated not only a tireless commitment to meeting and exceeding our customers’ needs and expectations, but also to strengthening our community support and relationships,” Guerrero added. “He is an instrumental part of our leadership team and will help us continue to grow and expand, as we serve our customers with excellence and continue to be a constant pillar of strength and support for our community.”
Celentano served on the board of directors for the Greater Paterson Chamber of Commerce, Suburban Essex Chamber of Commerce and Alzheimer’s New Jersey’s Gala Committee, the bank said. He resides in Verona with his wife and daughter.