Jose Lopez
About Jose R. Lopez
Jose R. Lopez, age 59, is an independent Class A director of ENB Financial Corp/Ephrata National Bank, first appointed in early 2025 and elected at the May 6, 2025 annual meeting for a term expiring at the 2028 annual meeting . He is currently President and CEO of the Spanish American Civic Association (SACA) and SACA Development Corporation; previously held VP, SVP and Chief Appraiser roles at BB&T, Susquehanna Bank, and Pacific Mercantile Bank; holds a BS from West Chester University and professional appraisal designations MAI, ASA, and AI‑GRS; and is a U.S. Army veteran .
Past Roles
| Organization | Role | Tenure/Timing | Committees/Impact |
|---|---|---|---|
| SACA Development Corporation | President/CEO | Late 1990s–early 2000s (prior service) | Led community development initiatives |
| BB&T; Susquehanna Bank; Pacific Mercantile Bank | VP/SVP/Chief Appraiser | Prior banking career (years not specified) | Certified valuation expertise (MAI, ASA, AI‑GRS) |
| SACA & SACA Development | President (transition) | 2020–June 2023; founder retired in June 2023 | Leadership transition execution |
External Roles
| Organization | Role | Status | Notes |
|---|---|---|---|
| SACA & SACA Development Corporation | President & CEO | Current | Lancaster community focus; aligns with ENB’s urban lending initiative |
| Integro Bank (Phoenix, AZ) | Founding member | Current | Small business-focused bank |
| First Citizens Community Bank (Southcentral PA) | Regional Board member | Prior | Regional advisory role (not corporate board) |
| Various non-profit/community organizations (PA, FL, CA) | Board member | Current/Prior | Community engagement (names not specified) |
Board Governance
- Independence: Lopez is identified among ten independent directors under SEC/Nasdaq standards; only the CEO/Chair is non‑independent .
- Election outcome (May 6, 2025): Jose R. Lopez received 3,807,439 votes “For”, 296,513 “Withheld”, and 477,936 broker non‑votes .
- Committees: ENB’s standing committees are Audit (Chair: Joshua E. Hoffman), Compensation (Chair: Roger L. Zimmerman), Nominating & Governance (Chair: Joshua E. Hoffman), Trust Operations (Chair: Judith A. Weaver), and Building & Expansion (Chair: Willis R. Lefever); 2024 committee members are listed, and Lopez—new in 2025—does not appear in 2024 rosters .
- Attendance: In 2024, the Board held 16 meetings and all directors met the 75% attendance threshold; Lopez joined in 2025, so 2024 attendance data does not apply to him .
Fixed Compensation (Director Fee Structure)
| Component | Amount | Notes |
|---|---|---|
| Annual retainer (paid in advance, Jul 1–Jun 30) | $20,000 | Paid July 2024 for 2024–2025 period |
| Board meeting fee | $1,000 per meeting | Two meetings were held in Jan/May/Jul/Oct 2024; monthly otherwise |
| Committee meeting fee | $400 per meeting | Applies to separate committee meetings |
| Strategic Planning meeting fee | $1,000 (May 2024) | One annual session |
| Chair premium | None | Chairs receive no extra compensation |
Note: 2024 fee table lists incumbent directors’ cash fees only; Lopez’s service began in 2025 and is not itemized in the 2024 table .
Performance Compensation
| Performance-linked element | Structure | Disclosure |
|---|---|---|
| Equity awards (RSUs/PSUs) to directors | None disclosed; 2024 director compensation reported as cash fees only | No director stock awards or options disclosed for 2024 |
| Director stock acquisition | 2020 Non‑Employee Directors’ Stock Plan allows directors to use fees to purchase ENBP shares at market price (no discount) | Voluntary fee‑to‑share purchase; not performance-based |
| Performance metrics tied to director pay | Not disclosed | No TSR/revenue/EBITDA/ESG metrics disclosed for director compensation |
Other Directorships & Interlocks
| Company | Public Company? | Role | Potential Interlock/Conflict Note |
|---|---|---|---|
| Integro Bank (Phoenix, AZ) | Not disclosed as public | Founding member | Different geography vs ENB’s PA footprint |
| First Citizens Community Bank (Southcentral PA) | Public status not specified | Regional Board (prior) | Advisory/regional role (not corporate BoD) |
No other publicly-held company directorships are disclosed for Lopez in ENB’s 2025 proxy .
Expertise & Qualifications
- Banking and valuation expertise: Certified real estate appraiser (MAI, ASA, AI‑GRS) with VP/SVP/Chief Appraiser roles in multiple banks .
- Community/urban lending: Deep Lancaster City community ties through SACA; Board believes his involvement will benefit ENB’s urban lending initiative .
- Education and service: BS degree (West Chester University); U.S. Army veteran .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class | As of |
|---|---|---|---|
| Jose R. Lopez | 62 (held individually) | <1% (indicated as “*”) | Record date March 11, 2025 |
| ENBP shares outstanding | 5,655,270 | — | March 11, 2025 |
Additional alignment policies:
- Anti‑Hedging/Pledging Policy prohibits hedging transactions and pledging by directors and officers .
- Non‑Employee Directors’ Stock Plan (2020) facilitates ownership by allowing fee‑funded share purchases at market price .
Governance Assessment
- Board support: Lopez elected with 3,807,439 “For” votes; say‑on‑pay (advisory) also passed with 3,764,811 “For” votes, 194,173 “Against”, 144,968 “Abstain”, and 477,936 broker non‑votes .
- Independence and committees: Lopez is independent under SEC/Nasdaq rules; committee assignments for him are not disclosed in 2024 rosters given his 2025 appointment .
- Ownership/skin‑in‑the‑game: Lopez beneficially owns 62 shares (<1%), with mechanisms (director stock plan) and anti‑hedging/pledging policy in place to promote aligned ownership behavior .
- Related‑party exposure: Loans to directors/officers/families/affiliates were $940,211 at 12/31/2024 (0.72% of total equity capital); terms were in the ordinary course, comparable to non‑related borrowers, and reviewed by the Board outside the interested party’s presence . Deposits from insiders totaled $1,798,000 at 12/31/2024 .
- Operating footprint vs external bank role: ENB operates 14 locations in Lancaster, southeastern Lebanon, and southern Berks counties, PA; Lopez’s founding role at Integro Bank is in Phoenix, AZ .
RED FLAGS: None disclosed for Lopez regarding legal proceedings, low attendance, related‑party transactions, hedging/pledging, or director pay anomalies in the 2025 proxy and related filings .