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ENB Insights

February 17, 2021


Ephrata National Bank announces the promotion of Nick Klein to Executive Vice President, Chief Risk Officer. In this role, Klein provides leadership in planning, development, and administration of all risk and compliance programs – policies, practices, and systems – that are necessary to perform the banking activities.

February 11, 2021

Protect Your Payroll: Tips to Stop ACH Fraud

Paying employees by direct deposit is a win-win. If you’re an employer, completing payroll electronically – via Automated Clearing House (ACH) transactions – gives you more control over disbursements, saves time, and helps eliminate the costs associated with paper paychecks. Meanwhile, your employees can be sure their paychecks arrive on time, don’t have to worry about lost or stolen checks, and don’t…

January 21, 2021

PPP Loan Revenue Reduction Guidelines

Many business owners believe to qualify for a Paycheck Protection Program loan, they need a 25% reduction in gross revenue in EACH QUARTER of 2020 when compared to 2019. This is not the case. To qualify, a business or non-profit organization needs only to have a 25% reduction in gross revenue during ONE QUARTER of 2020 when compared to the same quarter in 2019 OR a 25% reduction in gross revenue for all of 2020 vs all of 2019.

January 19, 2021

Why a Savings Safety Net Is Necessary for Financial Stability

Economic fluctuations can cause financial hardships for anyone, at any time. While financial planning is often viewed as the means for preparing for retirement, and something that younger adults may not need to be concerned with, establishing a savings safety net is the best way for adults of all ages to prepare for the unexpected. In a recent American Payroll Association…

January 14, 2021

Documentation Guidance for PPP Loan Applications

ENB is now accepting applications for Paycheck Protection Program (PPP) loans offered through the U.S. Small Business Association (SBA).  As we guide businesses through the application process, we have received a few frequently asked questions related to documentation of payroll and revenue.  Please find them here. 

January 11, 2021

Alternatives to Drive-Thru Banking

Since ENB closed our Community Banking Office lobbies, we’ve had much heavier use of the drive-thru windows located at our branch offices.  We apologize for any long lines you may have experienced and are working on ways to shorten them.  Many actions such as deposits and transfers can be performed through different channels.  Here are some alternatives to help you bank with us quickly and conveniently if you’d like to skip the drive-thru.

December 22, 2020

COVID-19 Relief and PPP Loan Update

On December 21, 2020, the United States House of Representatives and Senate passed legislation to supply the latest round of COVID-19 relief, authorizing more than $900 billion in economic aid to small businesses and consumers.  Key components of this legislation expand eligibility for Paycheck Protection Program (PPP) loans and further clarify requirements for forgiveness of outstanding loans. 

November 30, 2020

Student Loan Consolidation: Find Your Best Repayment Option

Deciding when it’s time to consolidate your student loans is easy. Perhaps your monthly payment has become unmanageable, you’re tired of receiving multiple student loan bills each month or you’d just like a fresh start on your loans. But choosing your repayment option isn’t always easy. Since you don’t know what your financial situation will look like in the future…

Contact us and we’ll answer your questions.