Embassy Bancorp Inc (EMYB)

Description:

Embassy Bancorp, Inc. is a Pennsylvania corporation organized in 2008. It is a bank holding company, which owns and operates community bank. The Company provides a traditional range of financial products and services to meet the depository and credit needs of individual consumers, small and medium sized businesses and professionals in its market area. It provides the traditional array of commercial banking products and services emphasizing one-on-one delivery to consumers and businesses located in Lehigh and Northampton Counties in Pennsylvania. It offers small business cash management services to help local companies to manage their cash flow, in order for the Company to attract and retain stable deposit relationships. It acts as an independent community financial services providers and offers traditional banking and related financial services to individual, business and government customers. It offers an array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer, residential mortgage and home equity loans; and the providing of other financial services. The deposit services of the Company are generally comprised of demand deposits, savings deposits, money market deposits, time deposits and Individual Retirement Accounts. The loan portfolio of the Company consists of secured fixed-rate and variable-rate loans, with a significant concentration in commercial-purpose transactions and consumer residential mortgage and home equity loans. It offers responsiveness, flexibility and local decision making for loan applications of small business owners thereby eliminating delays caused by non-local management. The Company offers its retail customer base a product line of consumer loan services including mortgage loans, secured home equity loans, lines of credit, auto loans, and to a much lesser extent, unsecured personal loans. It also offers a range of specialty home equity and mortgage products at competitive rates. As an independent community bank, the Company serves the special needs of legal, medical, accounting, financial service providers and other professionals. Commercial mortgages, lines of credit, term loans and demand loans are tailored to meet the needs of the Company's customers in the professional community. The Company provides services such as; treasurer checks, remote deposit capture, certified checks, safe deposit boxes, gift cards, night depository services, wire transfers, bond coupon redemptions, savings bond redemptions, bank by mail, credit/debit card merchant processing, automated teller machines, direct deposit/ach services, on-line banking and bill pay, cash management services, commercial credit cards, escrow management services, and ATM and debit cards. It serves its deposits and businesses in South Whitehall Township, Lower Macungie Township, the City of Bethlehem, Salisbury Township, Lower Saucon Township and Lower Nazareth Township, Pennsylvania, as well as the remainder of Lehigh and Northampton Counties in Pennsylvania. The Company competes with local banks as well as numerous regionally based commercial banks, savings banks, savings and loan associations, money market funds, insurance companies, stock brokerage firms, regulated small loan companies, credit unions and with the issuers of commercial paper and other securities. As a bank holding company, the Company is subject to regulation and examination by the Pennsylvania Department of Banking and Securities and the Federal Reserve Board.