The historic Elmwood Park-based plant was destroyed in a fire in January.
“We thank Spencer Savings Bank so much for their amazing generosity. This will go to all the employees that need it the most – our associates that lost their jobs due to the fire,” Rob Baron, CEO and president of Soundview Paper Co., which owns Marcal. “We will always be grateful to the actions taken by first responders to ensure everyone got off of the site without injury. We can rebuild buildings, but we can’t replace people. We are making every effort to make sure this isn’t the last chapter at Marcal.”
A $25,000 donation was made to the 500 Marcal employees affected by the fire and another $5,000 went toward a brunch, coordinated by the Elmwood Park PTO, honoring the first responders.
“Spencer Savings Bank has been part of the Elmwood Park community for over a decade. Our bank headquarters are located here. We were incredibly saddened to hear about the tragedy. The iconic Marcal Paper Mill was a historic landmark and staple in the community for decades,” Jose B. Guerrero, chairman, CEO and president of Spencer Savings Bank. “As a community bank, we were very happy to help the employees who lost their jobs. We were also proud to honor all the first responders who did an amazing job. We too, are #EPStrong, and proud to help support the people that live and work within this community we serve. We wish the Marcal company much success in rebuilding.”