Spencer Savings Bank welcomed Joseph Murphy to head its accounting team as the new Vice President and Controller. He will lead the accounting team in financial reporting, accounting operations, budgeting, profitability management and monitoring, the bank said in a statement.
“We are excited to welcome Joe to the Spencer team, and we all look forward to working with him,” said Spencer Savings Bank Executive Vice President and Chief Financial Officer Steve Fusco.
“Joe is a strong leader with extensive financial expertise and strong communication skills. He also has a passion for supporting and developing talent. We look forward to collaborating with him in continuing to drive our business forward,” Fusco said.
Murphy will be the incoming President in 2024 for the Financial Managers Society (FMS) of NY/NJ.
Murphy has a decade of accounting and finance industry experience. He has held past leadership positions for public and mutual banks and had titles of chief financial officer, chief operating officer and controller. He holds a BS in Business from Virginia Tech.