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): February 2, 2018
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)
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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 companyo
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.o
CURRENT REPORT ON FORM 8-K
On February 2, 2018 ENB Financial Corp was saddened to learn of the untimely February 1, 2018 death of a former employee that was covered under Ephrata National Bank’s executive bank owned life insurance (BOLI) plan.
The Bank purchased and is the beneficiary of all BOLI life insurance policies. The purpose of the life insurance policies is to supplement employee benefits. Due to the death of this employee, the Bank will be receiving the face amount of life insurance plus the net cash surrender value on all applicable policies.
This event is expected to positively impact the Corporation’s net income by approximately $910,000 in the first quarter of 2018.
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: February 13, 2018 | By: /s/ Scott E. Lied |
| | Scott E. Lied |
| | Treasurer |
| | (Principal Financial Officer) |
