Essa Bancorp Inc. Annual Report 2020

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FY2020 Annual Report · Essa Bancorp Inc.

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Fellow Shareholders:

During the past year, the global pandemic has tested virtually

every individual, family, and business. There are encouraging

developments, although the social, economic, and political

outlook is likely to remain uncertain throughout the coming

year. ESSA Bancorp responded with focused enterprise risk

management that enabled the Company to maintain safety,

operate effectively, and serve customers.

We are also looking to the future as we reimagine a new

world of banking that incorporates more digital capabilities

and operations, new ways to collaborate and communicate

with customers, and positions ESSA as a service and fnancial

solutions provider and thought leader. For several years we

have been implementing actions to move the Company in

this direction. The pandemic accelerated these plans.

For ESSA Bancorp and its talented, dedicated team, fscal

2020 called for fexibility, responsive action, and commitment

to providing clients with relevant fnancial solutions. While

doing an exemplary job of meeting the fnancial needs of

clients and the community, ESSA also delivered strong

fnancial performance, consistent with its vision to deliver

consistent earnings growth, maintain capital strength and

asset quality, and build shareholder value.

In fscal 2020, the Company reported record annual net

income of $14.4 million and earnings per diluted share of

$1.39, supported by year-over-year growth of net interest

income to $48.2 million and record annual noninterest

income of $13.3 million. Total loans at September 30, 2020

increased from a year earlier, partially refecting Paycheck

Gary S. Olson, President & CEO

The Company’s earnings performance also refected ESSA’s
ability to manage costs and operate effectively, supported
by the internal and customer-facing digital capabilities we
have developed and continue to enhance. Return on average
assets, return on average equity, and effciency ratio all
improved in fscal 2020 compared with fscal 2019.

ESSA Bancorp provided continuing value to shareholders
in fscal 2020, refected by a year-over-year 10% increase
in dividends, total stockholders’ equity growth, and higher
tangible book value per share.

As we responded to the challenges presented by the
pandemic and maintained productive operations, we
strengthened our commitment to positioning ESSA for
the future. There is a need to reimagine banking: how
we serve and communicate with customers, and how we
conduct business in an increasingly digital environment.

Protection Program (PPP) loans, and also relative strength in

our commercial, mortgage, and consumer loan portfolios.

We intend to be a leader in cashless banking and digital
delivery of information, support, and services. We are

24/7 Digital Banking
The power to access and
manage accounts from
anywhere at any time,
including sending money
person-to-person
with Zelle® .

Contactless
Mastercard®
When speed and
convenience
are essential.
Used by millions
of merchants.

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enhancing the ESSA brand to build recognition and support
business development and empowering our team to deliver
the services customers want. In fscal 2020, ESSA effectively
served clients with digitally delivered solutions.

When the pandemic began, our Company immediately
placed our focus on the health and welfare of our employees
and customers, and three fnancial areas: capital, liquidity,
and asset quality.

Employees & Customers

Early in the pandemic, we limited branch lobby access and
implemented a successful remote work model in which
90% of our non-branch employee base is working remotely.
This was driven by our focus on protecting customers and
employees and our ability to serve customers seamlessly
with technology and alternative delivery channels.

During the frst 60 days of the pandemic we helped
customers adapt to the new environment we all faced,
including reducing or waiving fees for deposit customers
and providing loan payment relief to businesses and
individuals negatively impacted by the pandemic.
We assisted small businesses in Eastern Pennsylvania,
making 673 Paycheck Protection Program (PPP) loans
totaling $77.67 million.

When refecting on the year and effort put forth by our
employees, the words resiliency and dedication come
to mind. Our employees put in long hours, often working
many consecutive days and through weekends to ensure
smooth operations and serve customers while working
remotely. The ESSA team continues to elevate service
standards while protecting the health and safety of
employees and customers.

Capital, Liquidity & Asset Quality

At the onset of the pandemic, when uncertainty was at its
highest, we did not know the impact on customer demands
for cash. We took measures to boost cash to mitigate
potential liquidity risks, including taking advantage of the
Federal Reserve lowering short-term interest rates. We were
able to structure borrowings into future quarters at very
attractive rates. A greater-than-anticipated infow of
deposits, together with attractive borrowing, has signifcantly
increased our liquidity and lowered funding costs.

Maintaining strong asset quality through greater due
diligence, disciplined underwriting, and more frequent
contact with customers is critical. With the heightened
awareness of potential credit risks within the loan portfolio
as a result of the economic conditions caused by the
pandemic, the Company increased the frequency in which
it monitors its borrowers’ fnancial performance.

We increased our provision for loan losses in the third and
fourth quarters of 2020 and continue to focus on appropriate
loss provisioning in fscal 2021. We have expanded and hired
experienced commercial banking and credit administration
professionals and made measured changes to our credit
underwriting standards, in large part in response to the
economic impact of COVID-19.

Balance Sheet Strength & Transition

Our balance sheet progression is consistent with our stated
objectives and strategic plan. Brisk banking activity in the
frst two quarters of fscal 2020 was evident with commercial
real estate loans increasing to $510 million at year-end from
the year-earlier balance of $481 and commercial and

Checking & Deposit
Accounts
From basic accounts
to eChecking,
money markets,
and IRA accounts.

Residential
Mortgages
An array of
versatile options
for homebuyers
at every stage.

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industrial loans growing by $15 million, exclusive of the PPP

loans. Consistent with our commitment to be a commercially

focused institution, outstanding mortgage loans increased

only slightly.

Total loans receivable, net of allowance for loan losses,

increased to $1.42 billion at September 30, 2020, up from

$1.33 billion in 2019. The modest growth was the result of
organic growth in commercial and residential mortgage loans

and the PPP loan originations. As planned, we continued to

amortize the indirect auto loan portfolio, which declined by

$42.2 million during fscal 2020.

The Company closed $172 million in commercial loans during
the year. Commercial loans continued to comprise a greater
percentage of ESSA’s total loans. We had growth in both

commercial and industrial and commercial real estate loans,

and all three operating regions demonstrated commercial loan

growth. We generated residential loan production of $216

million in 2020, with activity in all our regions, while managing

the size of our retained mortgage portfolio by selling long-

term fx ed-rate mortgages to the secondary market.

To support continued loan growth and activity, we added

banking professionals in all three regions, including

commercial relationship managers, client-facing support

personnel, credit administration team members, and

residential mortgage support personnel.

Core deposits (checking accounts, savings accounts, and
money market accounts), a major component of our
strategic plan, increased to 70% of total deposits, despite
a challenging physical environment as a result of the
pandemic. Noninterest-bearing demand accounts exhibited
strong year-over-year growth, increasing 37.9% to $242.6
million; interest-bearing demand accounts grew 22.3%
to $274.7 million; and money market accounts grew 10.2%
to $401.9 million.

In support of our core deposit strategy, we launched a
new contactless debit card through Mastercard®, Zelle®
for consumer person-to-person payment services, and
increased limits in mobile and remote deposit to facilitate
clients during the pandemic.

Growing Revenue, Noninterest Income

Total interest income declined in fscal 2020 from $67.8
million to $64.1 million. A decline in the yield on average
interest-earning assets from 3.93% to 3.57% was partially
offset by growth of $72.2 million in average interest-earning
assets. However, net interest income increased 3% from
$47 million to $48.2 million. Income from loans was
relatively stable, while income from investment securities
was lower in part due to the deleverage strategy executed
in August and declining interest rates. Total interest
expense declined sharply in fscal 2020 compared with
the previous year.

Business Loans
Flexible, customized
lending solutions and
direct access to
decision-makers.

Business Services
Helping businesses grow
by getting to know
their unique goals.

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Fiscal 2020 was a record year for noninterest income
with $13.3 million, which included a $2.5 million gain on
securities, compared with $8.2 million a year earlier.
The increase refected a balance sheet strategy that
included selling originated mortgage loans to the secondary
market to generate fee income and use of interest rate
swaps. We continued to see growth in total revenue from
our asset management and trust business, ESSA investment
services, and insurance premiums.

Noninterest expense, when excluding the $2.5 million
charge related to our deleverage strategy, was fat in 2020.
Management continues to target improved operational
effciency, evidenced by our effciency ratio, which improved
to 65.8% in 2020 compared to 68.4% in 2019.

Reimagining the New World of Banking

Looking to the future, we focused on strategies and actions
we believe are critical for continued success. We are
reimagining a new world of banking that incorporates less
reliance on physical facilities, remote working, and increasing
use of technology. There is a need for faster, relevant
communication with constituents; sharing knowledge;
remote learning; and building a service culture by
empowering employees. Our strategy embraces three
tenets: sustainability, relevance, and scale.

The pandemic has altered the way banks collaborate with
employees and customers. Digital strategies are certain to
drive much of the change.

Driven in part by the operating environment we faced in
the second half of 2020, we made meaningful progress
in advancing our digital strategy. We saw strong adoption
among some of our core electronic services, with mobile
banking increasing 22%, electronic statements 7%,
and retail and business online banking 12% and 19%,
respectively.

We launched our new contactless debit card, issuing over
13,000 new cards, and enhanced the Company’s website
to incorporate more options for interactive customer
communications, including digital chat options and
information sharing. ESSA can earn new business and deliver
excellent service and relevant customer-focused fnancial
solutions in an increasingly digital environment.

Despite the ongoing challenges posed by the pandemic,
we have set high standards for fnancial performance in
fscal 2021. Our 2021 initiatives include three primary areas
of focus: further advancement of our digital strategy,
continued balance sheet transition, and the implementation
of permanent best practices.

Our strategic plan is designed to navigate the Company
through the headwinds of uncertainty while continuing
to maintain high standards of fnancial performance. We
will be focusing on improving our digital customer interfaces;
growing market presence, particularly in the Lehigh Valley
and Philadelphia regions; and continuing to transition
our balance sheet as we continue to become a more
commercially focused banking franchise. We aim to be
effective in all environments.

We are steadfast in our commitment to building long-term
shareholder value through sustainable growth, maintaining
strong asset quality, enhancing productivity, leveraging
technology, and empowering our employees and customers.

Sincerely,

Gary S. Olson, President & CEO

Asset Management,
Trust & Investment
Services*
Planning a fnancial
future with trust
and confdence.

Insurance/
Employee
Benefits
Tailor-made products
designed to protect
what matters most.

* Investments are: Not Federally Insured | No Financial Institution Guarantee | May Lose Value. Ameriprise Financial is not affiliated with the financial institution where investment services are
offered. Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. Securities and insurance products offered
through Ameriprise Financial Services, LLC, member FINRA and SIPC. ESSA Advisory Services, LLC is a subsidiary of ESSA Bank & Trust. Products and services offered by ESSA Advisory Services,
LLC and ESSA Asset Management & Trust are: Not FDIC insured • May lose value • Not guaranteed by ESSA Bank & Trust • Not a deposit • Not insured by any federal government agency.

| 4

Consolidated Financial Highlights

The following information is derived from the audited Consolidated Financial Statements of ESSA Bancorp, Inc.
For additional information, reference is made to “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and the Consolidated Financial Statements of ESSA Bancorp, Inc.
and related notes included in Form 10-K as filed with the Securities and Exchange Commission.

Selected Balance Sheet Data (Years ended September 30; data in thousands)

2020

2019

2018

2017

2016

Total assets

$1,893,515

$1,799,427

$1,833,790

$1,785,218

$1,772,479

Investment securities:
Available for sale

Loans, net

Deposits

212,484

313,393

371,438

390,452

390,410

1,418,182

1,328,653

1,305,071

1,236,681

1,219,213

1,543,696

1,342,830

1,336,855

1,274,861

1,214,820

Borrowed funds

125,877

248,282

298,496

311,614

360,061

Equity

191,397

189,508

179,186

182,727

176,344

Selected Operations Data (Years ended September 30; data in thousands)

2020

2019

2018

2017

2016

Net interest income

$48,207

$47,010

$48,235

$45,519

$46,935

Provision for loan losses

3,275

2,076

4,000

3,350

2,550

Net interest income
after provision for loan
losses

44,932

44,934

44,235

42,169

44,385

Noninterest income

13,255

8,157

7,813

8,199

8,783

Noninterest expense

40,588

38,053

39,853

41,438

42,858

Income before
income tax expense

17,599

15,038

12,195

8,930

10,310

Income tax expense

3,183

2,415

5,664

1,591

2,583

Net income

$14,416

$12,623

$6,531

$7,339

$7,727

Earnings per share:

Basic

Diluted

$1.39

$1.18

$0.60

$0.69

$0.74

$1.39

$1.18

$0.60

$0.69

$0.73

Selected Other Data (Years ended September 30)

Return on average assets

2020

0.76%

2019

2018

2017

2016

0.69%

0.36%

0.42%

0.45%

Return on average equity

7.43%

6.80%

Interest rate spread(1)

2.49%

2.50%

3.61%

2.71%

4.11%

4.40%

2.69%

2.81%

Net interest margin(2)

2.68%

2.73%

2.85%

2.77%

2.89%

Non-performing assets as
a percentage of total assets

Tier 1 core capital (to
adjusted tangible assets)

1.09%

0.57%

0.64%

0.88%

1.24%

9.08%

9.67%

9.28%

9.19%

8.76%

(1) The interest rate spread represents the difference between the weighted-average yield on a fully tax-equivalent basis on
interest-earning assets and the weighted-average cost of interest-bearing liabilities for the year.

(2) The net interest margin represents net interest income on a fully tax-equivalent basis as a percent of average interest-earning
assets for the year.

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E
C
R
P

K
C
O
T
S

$25.00

$20.00

$15.00

$10.00

$5.00

Stock Price & Market Capitalization

$200,000,000

$160,000,000

$120,000,000

$80,000,000

$40,000,000

N
O
T
A
Z
L
A
T
P
A
C

T
E
K
R
A
M

2016

2017

2018

2019

2020

(Years ended September 30)

Dividends per Share

Earnings per Share (Diluted)

$0.36

$0.44

$0.40

$1.39

$1.18

$0.73

$0.69

$0.60

$1.50

$1.20

$0.90

$0.60

$0.30

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

(Years ended September 30)

Tangible Book Value (Per Share)

$14.05

$14.41

$13.92

$15.43

$16.26

2016

2017

2018

2019

2020

(Years ended September 30)

$0.50

$0.40

$0.30

$0.20

$0.10

$20

$15

$10

| 6

Consolidated Financial Highlights (cont’d)

Net Income (in Thousands)

Deposits (in Thousands)

$14,416

$12,623

$7,727

$7,339

$6,531

$2,000,000

$1,500,000

$1,000,000

$500,000

0
2
8
4
1
2
1
$

1
6
8
4
7
2
1
$

6
9
6
3
4
5
1
$

0
3
8
2
4
3
1
$

5
5
8
6
3
3
1
$

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

(Years ended September 30)

Return on Average Equity

Net Interest Margin

4.40%

4.11%

3.61%

7.43%

6.80%

2.89%

2.77%

2.85%

2.73%

2.68%

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

(Years ended September 30)

Revenue* (in Thousands)

Stockholders’ Equity (in Thousands)

8
1
7
5
5
$

8
1
7
3
5
$

8
4
0
6
5
$

7
6
1
5
5
$

2
6
4
1
6
$

4
4
3
6
7
1
$

7
2
7
2
8
1
$

6
8
1
9
7
1
$

8
0
5
9
8
1
$

7
9
3
1
9
1
$

$200,000

$150,000

$100,000

$50,000

2016

2017

2018

2019

2020

(Years ended September 30)

*Net interest income plus noninterest income.

2016

2017

2018

2019

2020

(Years ended September 30)

$15,000

$12,000

$9,000

$6,000

$3,000

$80,000

$60,000

$40,000

$20,000

7 |

Executive Personnel

BOARD OF DIRECTORS & GENERAL COUNSEL

Robert C. Selig, Jr.
Chairman of the Board
President – Selig Construction Company

Joseph S. Durkin
Executive Vice President –
Reilly Associates

Brian T. Regan, CPA
Shareholder – Regan, Levin, Bloss, Brown
& Savchak, P.C.

Christine D. Gordon, Esq.
Deputy Chief Compliance Officer –
Olympus Corporation of the Americas

Daniel J. Henning
President – A.C. Henning
Enterprises, Inc.

Philip H. Hosbach IV
Vice President, Global Public
Affairs for Vaccines – Sanofi Pasteur
(retired)

Dr. Tina Q. Richardson*
Chancellor, Penn State University
Lehigh Valley

Carolyn P. Stennett, Esq.*
Vice President, Human Resources –
Victaulic Company

Elizabeth Bensinger
Weekes, Esq.
Partner – Bensinger & Weekes, PA

John E. Burrus
Director Emeritus

William P. Douglass
Director Emeritus

Frederick E. Kutteroff
Director Emeritus

John S. Schoonover, Jr.
Director Emeritus

William A. Viechnicki, D.D.S.
Director Emeritus

Gary S. Olson
President & CEO – ESSA Bank & Trust

James V. Fareri, Esq.
General Counsel

*Elected to the Board of Directors
December 18, 2020

OFFICERS

Gary S. Olson
President & CEO

Allan A. Muto
Executive Vice President & CFO

Robert L. Selitto
Senior Vice President & Controller

Charles D. Hangen
Executive Vice President & COO

Peter A. Gray
Executive Vice President & CBO

Diane K. Reimer
Senior Vice President,
Administrative/Operations Division

Stephanie Lefferson
Corporate Secretary,
Investor & Community Relations

Thomas J. Grayuski
Senior Vice President,
Human Resources Division

ESSA Bancorp, Inc.
200 Palmer Street
Stroudsburg, PA 18360

Mailing Address
P.O. Box L
Stroudsburg, PA 18360

CORPORATE HEADQUARTERS

Auditors
S.R. Snodgrass, P.C.
2009 Mackenzie Way, Suite 340
Cranberry Township, PA 16066

General Counsel
Newman, Williams, Mishkin,
Corveleyn, Wolfe & Fareri, P.C.
712 Monroe Street
Stroudsburg, PA 18360

| 8

Mission Statement

ESSA Bank & Trust will be the leading

service-oriented community financial

institution offering a full range of financial

products to greater Eastern Pennsylvania

customers. We will ensure our long-term

prosperity by providing products and

service in a manner consistent with high

standards of quality, on a profitable basis,

at the fairest price, in order to create the

best possible value for our customers.

They will be delivered through distribution

systems staffed and supported by

customer-driven, friendly, productive

employees with a high degree of integrity.

OUR GUIDING PRINCIPLES

There are five Guiding Principles on which
our Mission Statement is based:

We believe in long-term success, operating as a safe,
sound, and stable institution. Long-term success is
dependent upon profts, but never will proft-seeking
compromise our mission.

We believe in satisfying the wants and needs of
our customers. Satisfaction is dependent upon
a continual improvement of our service, products,
systems, and operations.

We believe our employees are our most valuable
asset. Our employees will be provided with a work
environment which is “the best in town.”

We believe our decisions should enhance ESSA’s
value. Enhanced value is achieved through quality
earnings, growth, and strong management practices.

We believe in supporting our community through
employee volunteering and charitable giving to
improve the quality of life. The ESSA Bank & Trust
Foundation has been established to support
this principle.

ESSA CODE OF ETHICS &
CONFLICT OF INTEREST POLICY

The ESSA Bancorp, Inc. Board of Directors has
approved an Insider Code of Ethics and Confict of
Interest policy. This policy provides Directors and
employees with specifc guidance promoting honest
and ethical conduct and deterring wrongdoing.

Our policy may be found on our website at
essabank.com.

ADDITIONAL SERVICES

• Asset Management & Trust Services
• ESSA Advisory Services*
• ESSA Investment Services**

*ESSA Advisory Services, LLC is a subsidiary of ESSA Bank & Trust. Products and
services offered by ESSA Advisory Services, LLC and ESSA Asset Management
& Trust are: Not FDIC insured • May lose value • Not guaranteed by ESSA Bank &
Trust • Not a deposit • Not insured by any federal government agency.

**Investments are: Not Federally Insured | No Financial Institution Guarantee |

May Lose Value. Ameriprise Financial is not affliated with the fnancial
institution where investment services are offered. Investment advisory products
and services are made available through Ameriprise Financial Services, LLC, a
registered investment adviser. Securities and insurance products offered
through Ameriprise Financial Services, LLC, member FINRA and SIPC.

9 |

Corporate Information

STOCK LISTING

CORPORATE GOVERNANCE

ESSA Bancorp, Inc. common stock is listed
on the NASDAQ Global MarketSM under the
symbol “ESSA.”

INTERNET INFORMATION

ESSA Bancorp, Inc. financial reports and
information about the products and services
of its wholly owned subsidiary, ESSA Bank
& Trust, are available at essabank.com.

FINANCIAL INFORMATION

We are subject to the informational
requirements of the Securities Exchange
Act of 1934. Therefore, we file annual,
quarterly, and current reports as well as
proxy materials with the Securities and
Exchange Commission (SEC). You can
obtain copies of these and other filings,
including exhibits, electronically at the
SEC’s website at sec.gov or through the
ESSA website at essabank.com by clicking
on the Investor Relations link. Copies of
our Annual Report and Form 10-K may
also be obtained by contacting Investor
Relations at 570-422-0182 or via email
at slefferson@essabank.com.

essabank.com

Information about our Board and its
committees and about corporate
governance at ESSA is available in the
Governance Documents section of the
Investor Relations link on the ESSA website
at
. Shareholders who would
like to request printed copies of the Code
of Ethics or the charters of our Board’s
Nominating and Corporate Governance,
Audit, and Compensation committees
(all of which are posted on the ESSA
website through the Investor Relations link)
may do so by sending their requests in
writing to Stephanie Lefferson, Corporate
Secretary, Investor and Community
Relations, at corporate headquarters at
P.O. Box L, Stroudsburg, PA 18360.

INQUIRIES

Individual investors should contact Stephanie
Lefferson, Corporate Secretary, Investor and
Community Relations, at 570-422-0182 or
via email at slefferson@essabank.com.

Analysts and institutional investors should
contact Allan Muto, Executive Vice President

and CFO, at 570-422-0181 or via email
at amuto@essabank.com.

News media representatives and others
seeking general information should contact
Peter A. Gray, Executive Vice President,
CBO, at 570-422-0198 or via email at
pgray@essabank.com.

ANNUAL SHAREHOLDERS’ MEETING

All eligible shareholders are invited to
attend the ESSA Bancorp, Inc. annual
meeting on Thursday, March 4, 2021, at
10 a.m. The meeting will be held virtually
at www.meetingcenter.io/277474950.

REGISTRAR & TRANSFER AGENT

Computershare, Inc.
P.O. Box 505000
Louisville, KY 40233-5000
800-368-5948
computershare.com/investor

SPECIAL COUNSEL

Luse Gorman, PC
5335 Wisconsin Avenue, N.W., Suite 780
Washington, DC 20015

FORWARD-LOOKING STATEMENTS

Certain statements contained herein are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identifed by reference to a future period
or periods, or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,”
or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks
and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas in which the
Company operates, competitive products and pricing, fscal and monetary policies of the U.S. Government, changes in government
regulations affecting fnancial institutions, including compliance costs and capital requirements, changes in prevailing interest rates,
acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the fnancial and securities
markets and the availability of and costs associated with sources of liquidity, and the Risk Factors disclosed in our annual and quarterly
reports. In addition, the COVID-19 pandemic continues to have an adverse impact on the Company, its customers, and the communities it
serves. The adverse effect of the COVID-19 pandemic on the Company, its customers, and the communities where it operates will continue
to adversely affect the Company’s business, results of operations, and fnancial condition for an indefnite period of time.

The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the
date made. The Company wishes to advise readers that the factors listed above could affect the Company’s fnancial performance and
could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect
to future periods in any current statements. The Company does not undertake and specifcally declines any obligation to publicly release
the result of any revisions that may be made to any forward-looking statements to refect events or circumstances after the date of such
statements or to refect the occurrence of anticipated or unanticipated events.

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Serving customers in Eastern
Pennsylvania regions
through digital banking
services and a
strategic branch footprint.

Corporate Center
200 Palmer Street
P.O. Box L
Stroudsburg, PA 18360-0160

Offce: 570-421-0531
Toll-Free: 855-713-8001

essabank.com

Equal Opportunity Lender • Member FDIC