Spencer Savings Bank grows retail business development team 

Spencer Savings Bank, a community bank headquartered in Elmwood Park, announced recently it has expanded its Business Development group.

The bank said it recently hired Daniel Murphy and Anthony Axtmann to serve as business development officers. They will be tasked with acquiring new commercial deposit and lending relationships.

Murphy, who has 23 years of banking experience, previously served as vice president, professional service business banker at BCB Community Bank. Before that, he was an AVP/professional service business banker and branch manager for Investors Bank. Prior to that, he held a number of roles at Investors in retail sales.

“We are excited to welcome both Daniel and Anthony to the Spencer team,” George Celentano, senior vice president and head of retail banking, said. “Both men are seasoned banking professionals with strong commercial banking backgrounds. We look forward to working with them and expanding our Commercial Banking footprint within the communities that we serve.”