Ephrata National Bank

Small business owners, are you aware of the Corporate Transparency Act (CTA)? You will want to make sure you are prepared for the approaching January 1, 2025 filing deadline for existing companies. The CTA is a federal #antifraud law that places new reporting requirements on many small businesses. Specifically, the CTA requires reporting businesses to proactively disclose their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) of the United States Department of the Treasury. The CTA defines reporting companies as entities that are formed or registered to do business at the state level (i.e., most LLCs, LLPs, corporations) and that do not qualify for an exemption. The complete rules are lengthy and complex, but here are five of the 23 different exemptions listed: ✔ Companies with more than 20 full-time employees, a physical presence in the U.S., and reported gross receipts over $5,000,000 for the previous tax year ✔ Banks, credit unions, money services businesses, securities brokers, investment advisers, insurance companies, accounting firms, and certain other financial businesses ✔ 501(c) nonprofit organizations, governmental authorities, and public utilities ✔ Subsidiaries of exempt entities ✔ Inactive businesses Read more about how this may affect your business and how to comply: https://lnkd.in/eburRiFq #CorporateTransparencyAct #CTA #Antifraud #ENBFraudPrevention #BeneficialOwnership

Congrats to our Commercial team - they showed off their stellar golfing skills and earned the Putt for Education win! #ENBFeelTheDifference #ENBCommercialTeam #PuttForEducation Justin Uczynski, CFE Mike Farina Alec Soltys Aaron Phillippi

Congratulations to Good Samaritan Services on the opening of their Downtown Lancaster location! We were honored to be present to celebrate this new milestone with you. Good Samaritan Services provides a spectrum of invaluable services to help our communities combat the cycle of homelessness, and we are proud to partner with and support them. #ENBFeelTheDifference #Community #Housing Jeffrey Stauffer Tera Hoxworth Susan Lopez Craig Rodenberger Zach Love

Are you ready to refinance your home but not sure how long it will take? Maybe you don’t know how to get started. Here’s an article that explains the process step by step: https://lnkd.in/erTUjpaW

Check out this article by Cheetah, a new system partner for our Wealth Solutions team! We are excited to work with Cheetah to continually enhance our investment and financial planning services and look forward to delivering exceptional value and support to our customers. #ENBFeelTheDifference #ENBWealthSolutions

Our ENB teammates had a fantastic time at the City of Lancaster's Hispanic Heritage Month Celebration this past weekend! It was a wonderful opportunity to connect with the community and celebrate the vibrant cultures that shape our city. Thanks to the City of Lancaster, Pennsylvania and Visit Lancaster City for putting on a great event. We’re excited to continue engaging with the community and participate in more events in the future. #ENBFeelTheDifference #LancasterCity #LancasterCityPA #VisitLancasterCityPA Lucía Saldaña Stahl Ycheiri Jazmin Nick Klein, CRC, CERP

Anonymous listings and virtual transactions are ripe for online marketplace scams. Find out how marketplace scams work and how you can avoid becoming a victim. https://lnkd.in/eSN5974P

Several of our employees had the chance to participate in Junior Achievement's Putt for Education last week. It was a fun day full of great competition! Shoutout to Junior Achievement of South Central PA for putting on a great event - it was a hole in one. We are proud to partner with an organization who support the financial education of our community's students! #ENBFeelTheDifference

TODAY - We'll be at this year's Hispanic Heritage Month Celebration at Binns Park and Ewell Plaza. Come out today from 1 - 6 PM to chat with Ycheiri Jazmin, Lucía Saldaña Stahl, Nick Klein, CRC, CERP, Tera Hoxworth, and other members of our team as you enjoy the festivities. We can't wait to join the fun! #ENBFeelTheDifference

Heads up! We'll be at this year's Hispanic Heritage Month Celebration at Binns Park and Ewell Plaza this Saturday, October 5. Come out from 1 - 6 PM to chat with our team as you enjoy the festivities. We can't wait to join the fun! #ENBFeelTheDifference