ENB Financial Corp's Chief Strategy Officer Chad Neiss departs; receives $337,500 severance

ENB Financial Corp

Chad E. Neiss left as Senior EVP/Chief Strategy Officer and Head of Mortgage at subsidiary Ephrata National Bank, effective June 27, 2024.
Bank will not replace the Chief Strategy Officer role; will search for a new head of mortgage division.
Neiss receives $337,500 payment for remaining 16 months under employment agreement, minus taxes and withholdings.

item 5.02 item 9.01

Executive movements

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Departed

Chad E. Neiss

Senior Executive Vice President/Chief Strategy Officer and Head of Mortgage Division

ENBP · ENB Financial Corp

Effective: 2024-06-27
Filed: July 1, 2024, 7:59 PM ET

On June 27, 2024, Chad E. Neiss, Senior Executive Vice President/Chief Strategy Officer and Head of Mortgage Division of ENB Financial Corp’s (the “Corporation”) wholly-owned subsidiary, Ephrata National Bank (the “Bank”) transitioned from his position with the Bank effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Chad E. Neiss changed role as Senior Executive Vice President/Chief Strategy Officer and Head of Mortgage Division at ENB Financial Corp.

Action: transitioned
Role: Senior Executive Vice President/Chief Strategy Officer and Head of Mortgage Division

Exact text from the filing

On June 27, 2024, Chad E. Neiss, Senior Executive Vice President/Chief Strategy Officer and Head of Mortgage Division of ENB Financial Corp’s (the “Corporation”) wholly-owned subsidiary, Ephrata National Bank (the “Bank”) transitioned from his position with the Bank effective immediately.

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Source: SEC EDGAR

accession 0001174947-24-000867

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