Embassy Bank for the Lehigh Valley Gains Deposit Market Share, Overtakes PNC Bank

Bethlehem-based Embassy Bank for the Lehigh Valley has once again demonstrated its commitment to the community by achieving impressive annual deposit growth. According to the Federal Deposit Insurance Corporation’s Summary of Deposits, Embassy Bank has surpassed PNC Bank, claiming the 4th spot in deposit market share in Lehigh & Northampton Counties combined as of June 30, 2023.

The FDIC’s Summary of Deposits provides valuable insights into the deposit totals of thousands of domestic offices operated by FDIC-insured banks. Embassy Bank’s consistent growth has solidified its position as the #1 Lehigh Valley-based bank in the combined counties for market share.

“We have so much to be proud of,” said David M. Lobach, Chairman, CEO, and President of Embassy Bank. Lobach emphasized the importance of exceeding customer expectations and offering competitive banking products to businesses and families in the Lehigh Valley. By staying true to its core values, Embassy Bank has earned the trust of the community, supporting them through challenging economic times.

In addition to its market share success, Embassy Bank recently received a 5-star rating from BauerFinancial, Inc., a leading bank rating firm. This prestigious recognition confirms Embassy Bank’s financial strength and stability, highlighting its excellence in areas such as capital adequacy, profitability, reserves, liquidity, and asset quality.

Embassy Bank operates 10 locations throughout Lehigh and Northampton counties, providing a comprehensive suite of 24/7 digital banking products. The bank’s holding company, Embassy Bancorp, Inc., is publicly traded on the OTC exchange under the symbol EMYB.

To learn more about Embassy Bank’s services, visit their official website at www.embassybank.com.

Safe Harbor for Forward-Looking Statements:
This document may contain forward-looking statements, subject to various risks, uncertainties, and other factors that could cause actual results to differ materially. Embassy Bancorp, Inc. disclaims any obligation to update this information.

Contact:
David M. Lobach, Jr.
Phone: (610) 882-8800.