At ESSA Bank & Trust, we want to keep our valued customers informed. On this page you will find late-breaking news related to COVID-19 and its impact on you, your business, and your valued relationship to us.


Emergency Relief for Businesses:
Paycheck Protection Program (PPP)

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020 to provide emergency relief for small- to medium-sized businesses disrupted by COVID-19. Within CARES is the Paycheck Protection Program (PPP).

Current ESSA customers only can apply for the PPP through ESSA Bank & Trust. We need the completed application form, the completed application questions, a copy of the applicant signatory's driver's license (front and back), and all backup documentation in order for us to begin processing your application.

Please review the following required items:

  1. PPP Document Requirements: Use this document as a checklist for the REQUIRED backup documentation needed to process your application
  2. PPP Borrower Application Questions:  REQUIRED
  3. PPP Borrower Application Form:  REQUIRED
  4. A copy of the applicant signatory's driver's license (front and back): REQUIRED

Your completed application form, completed application questions, a copy of the applicant signatory's driver's license (front and back), and ALL pertinent backup documentation must be sent as attachments in a SINGLE email to either your Relationship Manager or to the following secure email address:


PPP Frequently Asked Questions

  1. This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by coronavirus/COVID-19.

    Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.

    Small businesses in the hospitality and food industry with more than one location could also be eligible at the store and location level if the store employs less than 500 workers. This means each store location could be eligible.

  2. The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor ESSA Bank & Trust will charge small businesses any fees.

    Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

    This loan has a maturity of 2 years and an interest rate of 1.0%.

  3. The PPP is a federal loan program aimed at helping small businesses impacted by COVID-19 retain their workforce. The loan is an extension of the Small Business Administration (SBA) 7(a) loan program.

  4. The maximum loan amount is $10MM and it is calculated as follows:

    Loan Amount = Applicant’s average eligible monthly payroll expense x 2.5

    Eligible payroll includes salaries, wages and cash tips (up to an annualized level of $100,000 for an individual employee). Eligible payroll also includes employee group health care benefits, insurance premiums and retirement contributions.


Consumer Payment Relief

ESSA realizes that many of our customers may be struggling to pay their loans during these unprecedented times. We are available to discuss how we can assist our Mortgage, Home Equity, Auto, and Consumer Loan customers. Please click here to learn more.

 


Hours of Operation

Please see the details below for our current hours of operation at each of our locations. Also note that until further notice, in accordance with Pennsylvania state regulations, everyone entering our facilities must wear a face mask.

  1. Please find your local branch in the charts below.

    Branch Hours:
    Mon-Fri 9am-5pm
    Sat 9am-Noon; Sun Closed

    Alburtis: 11 N Main St, Alburtis, PA 18011
    Bath: 358 S Walnut St, Bath, PA 18014
    Bethlehem: 418 W Broad St, Bethlehem, PA 18018
    Brodheadsville: 1881 Rt 209, Brodheadsville, PA 18322
    East Stroudsburg: 75 Washington St, E Stroudsburg, PA 18301
    Marshalls Creek: 5120 Milford Road, E Stroudsburg, PA 18302
    Palmer: 2415 Park Ave, Easton, PA 18045
    Stroudsburg: 744 Main St, Stroudsburg, PA 18360
    Tannersville: 2826 Rt 611, Tannersville, PA 18372
    Wind Gap: 1430 Jacobsburg Rd, Wind Gap, PA 18091

    Branch Hours:
    Mon-Thurs 9am-4pm; Fri 9am-5pm
    Sat 9am-Noon; Sun Closed

    Upper Darby: 8045 W Chester Pike, Upper Darby, PA 19082

    Branch and Drive-Up Hours:
    Mon-Fri 9am-5pm
    Sat-Sun Closed

    Allentown: 600 Hamilton St, Allentown, PA 18101
    Blakeslee: 249 Rt 940, Blakeslee, PA 18610
    Mountainhome: 975 Rt 390, Cresco, PA 18326
    Nazareth: 76 S Main St, Nazareth, PA 18064
    New Tripoli: 6302 Rt 309, New Tripoli, PA 18066

    Branch Hours:
    Mon-Thurs 9am-4pm; Fri 9am-5pm
    Sat-Sun Closed

    Devon: 227 W Lancaster Ave, Devon, PA 19333
    Haverford: 354 W Lancaster Ave, Haverford, PA 19041
    Lansdowne: 48 W Marshall Rd, Lansdowne, PA 19050

    Branch Hours:
    Mon-Fri 9am-4:30pm
    Sat-Sun Closed

    Scranton: 300 Mulberry St, Suite 100, Scranton, PA 18503
    Wilkes Barre: 1065 Highway 315, Wilkes Barre, PA 18702

  2. The following branches have drive-up access. See our Locations page for local phone numbers and directions.

    • 11 N Main St, Alburtis, PA 18011
    • 249 Rt 940, Blakeslee, PA 18610
    • 1881 Rt 209, Brodheadsville, PA 18322
    • 975 Rt 390, Cresco, PA 18326
    • 75 Washington St, E Stroudsburg, PA 18301
    • 5120 Milford Road, E Stroudsburg, PA 18302
    • 2415 Park Ave, Easton, PA 18045
    • 354 W Lancaster Ave, Haverford, PA 19041
    • 48 W Marshall Rd, Lansdowne, PA 19050
    • 6302 Rt 309, New Tripoli, PA 18066
    • 744 Main St, Stroudsburg, PA 18360
    • 2826 Rt 611, Tannersville, PA 18372
    • 8045 W Chester Pike, Upper Darby, PA 19082
    • 1430 Jacobsburg Rd, Wind Gap, PA 18091

Customer Communications by Date (PDFs)