ENB Financial Corp, the bank holding company for The Ephrata National Bank, has received all necessary approvals for its acquisition of Cecil Bancorp, Inc. and its subsidiary, Cecil Bank.
Regulatory approvals and waivers from the Office of the Comptroller of the Currency, the Maryland Department of Financial Regulation, and the Federal Reserve Bank of Philadelphia have been obtained.
The transaction, subject to closing conditions, is expected to finalize on February 1, 2026, with gradual system conversion and reopening of former Cecil Bank locations.
Regulatory Approvals Obtained
Approvals from regulatory authorities including the OCC and Maryland Department of Financial Regulation have been secured for the acquisition.
Stockholder Approval Received
Cecil stockholders have approved the transaction, setting the path for the acquisition to move forward.
Expected Closing Date
The transaction is scheduled to close on February 1, 2026, pending fulfillment of closing conditions and waiting periods.
System Conversion Timeline
Cecil Bank locations will transition to ENB systems starting on June 26, with full operation expected by June 29.
- The acquisition of Cecil Bancorp, Inc. and Cecil Bank expands ENB Financial Corp's reach into Maryland, enhancing its banking services and customer base.
- With the approvals in place and a clear timeline for the transition, ENB Financial Corp is positioned for strategic growth and consolidation in the banking sector.
The approval to acquire Cecil Bancorp, Inc. alongside Cecil Bank marks a significant milestone for ENB Financial Corp, paving the way for an extended presence and operational integration in Maryland.