Spencer inks director of commercial, industrial lending

Elmwood Park-based Spencer Savings Bank announced recently it has named Juan H. Oelofse as senior vice president and director of commercial and industrial lending.

In this role, Oelofse will be responsible for heading the bank’s Commercial & Industrial Lending department which specializes in financing business working capital needs, owner-occupied commercial real estate and asset financing.

“Juan is a seasoned, consummate professional lender who brings a depth of experience and passion to Spencer as we build out our Commercial & Industrial lending platform,” Jose Guerrero, chairman, CEO and president of Spencer Savings Bank, said. “I am excited to welcome Juan to our team of senior management and look forward to expanding our network of commercial clients with him.”

Oelofse, who has more than 20 years of banking leadership experience, was previously at SB One Bank as senior vice president and team leader. Before that, he was with Interchange Bank/TD Bank as vice president and senior commercial loan officer.