Marshmallows and savings habits might have a lot in common. A Stanford University study, led by Dr. Walter Mischel, highlighted the power of delayed gratification. The series of studies began in the early 1960s by examining the reactions of preschoolers when given a set of seemingly simple choices:
ENB has become aware of a new vishing scam in which reports indicate some of our customers have been targeted. Perpetrators of this scam call ENB customers posing as a "Security Officer from Ephrata National Bank". The caller then asks the customer to confirm suspicious transactions on their accounts. Once the customer confirms the transactions are not valid, the fraudster…
As a business owner, you're going to have to decide when will be the right time to step out of the family business and how you'll do it. There are many estate planning tools you can use to transfer your business. Selecting the right one will depend on whether you plan to retire from the business or keep it until you die.
When you think of Social Security, you probably think of retirement. However, Social Security can also provide much-needed income to your family members when you die, making their financial lives easier.
Individuals and businesses have become targets to a growing online fraud scheme known as ransomware. Ransomware is a form of malware used by cyber criminals to freeze your computer or mobile device, steal your data and demand a “ransom” — typically anywhere from a couple of hundreds to thousands of dollars — be paid.
A college education is associated with increased earnings, fewer periods of unemployment, and greater job satisfaction.[1] However, paying for college without incurring debt remains a challenge. Tuition, fees, and living expenses often surpass the amount set aside in college savings plans or available through federal and state grant programs. For many students, scholarship opportunities are limited, leaving loans as the…
Ephrata National Bank announces the promotion of Christian Heckman as Vice President and Commercial Lending Team Leader. In this role, Heckman will be responsible for managing the sales activities and overall job performance of the Commercial Relationship Managers and Commercial Portfolio Managers. He has spent 15 years in banking, most recently as Ephrata National Bank’s Assistant Vice President and Commercial…
Ephrata National Bank announces the promotion of Eric Williams as Senior Vice President & Chief Lending Officer. In this role, Williams will be responsible for the Commercial and Agricultural Lending functions of the bank including, but not limited to, the sales activities. He has over 36 years of experience in banking, most recently as Ephrata National Bank’s Vice President & Commercial…
Ephrata National Bank announces the promotion of Matthew Long as Senior Vice President & Chief Operating Officer. In this role, Long will be responsible for the directing, administering and coordination of the internal operational activities of the bank. Long has over 23 years of experience in banking, most recently as Vice President, Director of Cash Management. Long is a graduate of Grove…
Ephrata National Bank announces the promotion of William Sanchez as Vice President and Commercial Lending Team Leader. In this role, Sanchez will be responsible for managing the sales activities and overall job performance of the Commercial Relationship Managers and Commercial Portfolio Managers. He has over 20 years of experience in banking, most recently as Vice President and Commercial Relationship Manager…
