Business Description

ENB Financial Corp (“the Corporation”) is a bank holding company that was formed on July 1, 2008. The Corporation’s wholly owned subsidiary, Ephrata National Bank (“the Bank”), also referred to as ENB, is a full-service commercial bank organized under the laws of the United States. Presently, no other subsidiaries exist under the bank holding company. The Bank has one subsidiary, ENB Insurance, which is a full-service insurance agency that offers a broad range of insurance products to commercial and personal clients. The Corporation and the Bank are both headquartered in Ephrata, Lancaster County, Pennsylvania. The Bank was incorporated on April 11, 1881, pursuant to The National Bank Act under a charter granted by the Office of the Comptroller of the Currency (OCC). The Federal Deposit Insurance Corporation (FDIC) insures the Bank’s deposit accounts up to the maximum extent provided by law. The Corporation’s retail, operational, and administrative offices are predominantly located in Lancaster County, southeastern Lebanon County, and southwestern Berks County, Pennsylvania, the “Market Area.” Twelve full-service community banking offices are located in Lancaster County with one full-service community banking office in Lebanon County and one full-service community banking office in Berks County, Pennsylvania. The basic business of the Corporation is to provide a broad range of financial services to individuals and small-to-medium-sized businesses in the Market Area primarily through the Bank. The Bank utilizes funds gathered through deposits from the general public to originate loans. The Bank offers a range of demand accounts, in addition to savings and time deposits. The Bank also offers secured and unsecured commercial, real estate, and consumer loans. Ancillary services that provide added convenience to customers include direct deposit and direct payments of funds through Electronic Funds Transfer, ATMs, telephone banking, MasterCard® debit cards, Visa® or MasterCard credit cards, and safe deposit box facilities. In addition, the Corporation offers internet banking including bill pay and wire transfer capabilities, remote deposit capture, and an ENB Bank on the Go! app for iPhones or Android phones. The Corporation also offers a full complement of trust and investment advisory services through ENB’s Wealth Solutions. Effective February 1, 2026, the Corporation completed its previously-announced acquisition of Cecil Bancorp, Inc. (“Cecil”) pursuant to the Agreement and Plan of Stock Acquisition, dated as of August 12, 2025, by and among the Corporation, ENB South Acquisition Subsidiary, Inc. (“Acquisition Subsidiary”), the Bank, Cecil, and Cecil Bank (the “Agreement”). At the effective time of the acquisition, Acquisition Subsidiary merged with and into Cecil, with Cecil surviving the acquisition and becoming the wholly-owned subsidiary of Corporation. Immediately after the acquisition, Cecil’s board of directors approved and sole stockholder adopted the complete liquidation and dissolution of Cecil. In addition, immediately thereafter, Cecil Bank, a Maryland state-chartered bank, merged with and into the Bank with the Bank as the survivor, collectively the acquisition. Subject to the terms and conditions of the Agreement and adjustments as provided therein, at the effective time of the acquisition, each outstanding share of Cecil common stock was converted into the right to receive $1.88 in cash. In addition, all outstanding and unexercised options to purchase shares of Cecil common stock were redeemed for cash. As a result of the acquisition, the Corporation paid an aggregate of approximately $31.3 million in cash in the acquisition. Cecil Bank operated four community banking offices in Cecil County, Maryland which were included in the acquisition. As of December 31, 2025, Cecil had total assets of $218,663,000, total loans of $153,484,000 and total deposits of $187,422,000. As of December 31, 2025, the Corporation employed 315 persons, consisting of 305 full-time, 7 part-time and 3 seasonable employees. Since the prior year, the number of full-time employees decreased by 1 and the number of part-time employees decreased by 2, while we retained 3 seasonal roles to provide support during time periods of higher volume throughout the year. The Corporation expects selectively to modestly add additional personnel to support strategic initiatives in 2026, including the acquisition of Cecil.…