ESSA Bank & Trust
Electronic Solutions Support
(570) 421-0531
(855) 713-8001
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.
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:
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 at essabank dot com
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.
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%.
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.
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.
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.
All ESSA branch locations will operate under new hours beginning Monday, May 11, 2020 until further notice. These limitations are intended to protect the health and well-being of our customers and our employees. All branches are closed Saturday-Sunday.
Please note that until further notice, in accordance with Pennsylvania state regulations, everyone entering our facilities must wear a face mask.
Please find your local branch in the tables below. Our Devon branch remains closed, but customers can use the next closest branch in Haverford (354 W Lancaster Ave).
Drive-Up Access and Branch Hours by Appt:
Mon-Fri 9am-5pm; Sat-Sun Closed
Drive-Up Access and Branch Hours by Appt:
Mon-Thu 9am-4pm, Fri 9am-5pm; Sat-Sun Closed
Branch Hours by Appt (No Drive-Up Available):
Mon-Wed-Fri 9am-5pm; Tue-Thu-Sat-Sun Closed
Branch Hours by Appt (No Drive-Up Available):
Mon-Wed-Fri 9am-4:30pm; Tue-Thu-Sat-Sun Closed
Please find your local branch in the tables below.
Drive-Up Access and Branch Hours by Appt:
Mon-Fri 9am-5pm; Sat 9am-Noon; Sun Closed
Drive-Up Access and Branch Hours by Appt:
Mon-Thu 9am-4pm; Fri 9am-5pm; Sat 9am-Noon; Sun Closed
Drive-Up Access and Branch Hours by Appt:
Mon-Fri 9am-5pm; Sat-Sun Closed
Drive-Up Access and Branch Hours by Appt:
Mon-Thu 9am-4pm; Fri 9am-5pm; Sat-Sun Closed
Branch Hours by Appt (No Drive-Up Available):
Mon-Fri 9am-5pm; Sat-Sun Closed
Branch Hours by Appt (No Drive-Up Available):
Mon-Fri 9am-4:30pm; Sat-Sun Closed
The following branches have both drive-up access as well as hours by appointment:
The following branches are by-appointment (no drive-up is available):
See our Locations page for local phone numbers and directions.
Appointments should be made for services that cannot be conducted using drive-up service, online banking, mobile banking, ATM, remote deposit or night deposit. Please call your local branch and schedule an appointment to:
We strongly encourage you to use ESSA Bank & Trust’s digital banking solutions for 24/7 self-service account access. Our digital banking solutions provide access to your accounts utilizing our ESSA Mobile app or online banking. Either solution provides you the ability to view transactions, check balances, transfer funds, deposit checks (available through the mobile app), schedule payments and so much more. To learn more about our online & mobile banking solutions, please visit: https://essabank.com/personal/online/
Please call your either your local branch, (570) 421-0531, or (855) 713-8007 (toll free).
