8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

______________

Date of Report (Date of earliest event reported): October 4, 2021

ENB Financial Corp

(Exact name of Registrant as specified in its charter)

Pennsylvania	000-53297	51-0661129
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

31 E. Main St., Ephrata, PA	17522-0457
(Address of principal executive offices)	(Zip Code)

(717) 733-4181

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	N/A	N/A

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

CURRENT REPORT ON FORM 8-K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 6, 2021, ENB Financial Corp (the “Corporation”) announced a restructuring of its wholly-owned subsidiary, Ephrata National Bank (the “Bank”). These changes were made to ensure that the Corporation and the Bank remains an independent community bank by becoming a top performing financial institution with an effective and responsive senior management structure. These changes resulted in the addition of two executive level roles, Senior Executive Vice President, Chief Revenue Officer, and Senior Executive Vice President, Chief Strategy Officer. A copy of the press release regarding the organizational structure changes is attached hereto as Exhibit 99.1 and is incorporated by reference.

On October 4, 2021, Eric S. Williams, Executive Vice President and Chief Lending Officer of the Bank resigned from his position effective October 15, 2021.

ITEM 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number	Description
99.1	Press Release regarding the organizational structure changes and appointment of Executive Officers
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.

	ENB FINANCIAL CORP
	(Registrant)
Dated: October 7, 2021	/s/ Jeffrey S. Stauffer
	Jeffrey S. Stauffer
	Chairman of the Board
	Chief Executive Officer and President
	(Principal Executive Officer)

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EX-99.1

FOR IMMEDIATE RELEASE	Contact:  Jeffrey S. Stauffer
	Phone: 717-733-4181

Ephrata National Bank Announces Changes to Organizational Structure

(October 7, 2021) -- Ephrata, PA – ENB Financial Corp (OTCQX: ENBP) the bank holding company for Ephrata National Bank (ENB), announces changes to its organizational structure. These changes are made to ensure that ENB remains an independent community bank by becoming a top performing financial institution with an effective and responsive senior management structure. To achieve this objective, the bank will focus on developing a robust sales culture, achieving operational excellence, strategically pursuing new revenue opportunities, effectively managing risk and evolving purposeful leadership. In assessing these strategies, the board of directors and executive management of ENB determined that the structure of the organization should be aligned with the strategic objectives. Going forward, ENB will be organized into the following business channels; sales and revenue, operations, strategy, enterprise risk management, human resources and training, finance and investment, and ENB Mortgage. All channels will be represented on the bank’s executive leadership team and, with the exception of enterprise risk management, will report to Jeffrey S. Stauffer, Chairman, President and CEO of Ephrata National Bank. Enterprise risk management will report to the ENB Financial Corp and Ephrata National Bank Boards of Directors.

Mr. Stauffer indicated that, as part of the Bank’s strategic plan, he has been reviewing its management structure and determined now was the appropriate time to implement changes that will align the corporate structure with this strategic plan. “I am excited about the future of ENB and am confident that this change in structure will position us for long term success with competent and passionate leadership at all levels.”

The sales and revenue channel will consist of lines of business that are primarily involved in business development activities that directly generate income for Ephrata National Bank. This includes commercial lending, agricultural lending, small business lending, consumer lending, cash management and wealth management. This team will be led by William J. Kitsch, age 47, in the newly created position of Senior Executive Vice President, Chief Revenue Officer. Mr. Kitsch started with ENB in 2016 and was previously Senior Vice President, Business Performance Strategy & Head of Agricultural Lending.

Leading the strategy channel will be Chad E. Neiss in the newly created role of Senior Executive Vice President, Chief Strategy Officer. In this role, Mr. Neiss, age 48, will oversee ENB’s strategic planning process and execution of its strategic plan to achieve the goals and objectives established by the board of directors and senior management team. He will be taking on this role in addition to his current role of Executive Vice President, Head of Mortgage Division. Mr. Neiss started his career at ENB in 2014 and previously held the role of Executive Vice President, Chief Residential & Consumer Lending Officer.

Matthew T. Long will lead the operations channel in his current role of Senior Executive Vice President, Chief Operating Officer. Reporting to Mr. Long, age 48, will be all business lines that provide support to ENB’s sales teams and customers including marketing, credit, information and technology, and facilities. Among Mr. Long’s direct reports will be the position of Senior Vice President, Chief Credit Officer currently held by Thomas Fasnacht. This position previously reported to Nick Klein, Executive Vice President, Chief Risk Officer. Mr. Long joined Ephrata National Bank in 2014 and has been COO since 2019.

Cindy L. Hoffman will continue to lead the human resources and training channel in her current role of Executive Vice President, Chief Human Resources Officer. Ms. Hoffman, age 37, has held this position since joining ENB in 2019.

Rachel G. Bitner will continue to lead the finance & investment channel in her current role of Executive Vice President, Chief Financial Officer. Going forward finance operations and investments will be separated into two distinct segments. Ms. Bitner, age 43, started with ENB in 2009 and has been CFO since August 2021.

Also continuing to report to Mr. Stauffer will be Adrienne L. Miller, Senior Vice President, General Counsel / Corporate Secretary and Barbara Palm, CEO Assistant.

The enterprise risk management channel will be responsible for balancing risk in a manner that will allow ENB to take advantage of new revenue generating opportunities while keeping the bank safe, sound and compliant with all banking regulations. Leading this channel in his current role of Executive Vice President, Chief Risk Officer will be Nick Klein. Mr. Klein, age 36, will report directly to the ENB Financial Corp and Ephrata National Bank Boards of Directors and will act as an advisor to the president and the executive committee. He started with Ephrata National Bank in 2011 and has been CRO since 2020.

ENB Financial Corp, headquartered in Ephrata, PA, is the bank holding company for its wholly-owned subsidiary Ephrata National Bank. Ephrata National Bank operates from twelve full-service locations in Lancaster County, southeastern Lebanon County, and southern Berks County, Pennsylvania, with the headquarters located at 31 E. Main Street, Ephrata, PA. Ephrata National Bank has been serving the community since 1881. For more information about ENB Financial Corp, visit the Corporation’s web site at www.enbfc.com.

Notice Regarding Forward Looking Statements

This news release may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and as such may involve known and unknown risk, uncertainties and other factors which may cause the actual results of ENB Financial Corp to be materially different from future results expressed or implied by such forward-looking statements. These forward-looking statements can be identified by use of terminology such as “expect”, “plan”, “anticipate”, “believe”, “estimate”, and similar words that are intended to identify such forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates, and projections about the Corporation, the financial services industry, and the economy. The Private Securities Reform Act of 1995 provides safe harbor in the event the projected future operations are not met. There are a number of future factors such as changes in fiscal or monetary policy, or changes in the economic climate that will influence the Corporation’s future operations. These factors are difficult to predict with regard to how likely and to what degree or significance that they would occur. Actual results may differ materially from what may have been forecasted in the forward-looking statements. We are not obligated to publicly update any forward-looking statements to reflect the effects of subsequent events.

(end)

XML

Cover	Oct. 04, 2021
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 04, 2021
Entity File Number	000-53297
Entity Registrant Name	ENB Financial Corp
Entity Central Index Key	0001437479
Entity Tax Identification Number	51-0661129
Entity Incorporation, State or Country Code	PA
Entity Address, Address Line One	31 E. Main St.
Entity Address, City or Town	Ephrata
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17522-0457
City Area Code	(717)
Local Phone Number	733-4181
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false