Exhibit
14








ENB
FINANCIAL CORP





CODE OF
ETHICS POLICY





As
Amended March 11, 2009








COMMENTARY





ENB
Financial Corp considers as one of its most valued assets, its outstanding
reputation within the communities it serves.  Its directors, officers
and employees, have earned this reputation as a result of many years of
outstanding service and exemplary conduct, both past and present.





The
Corporation's outstanding reputation must be jealously guarded and preserved,
not only for the present, but the future as well. The conduct of every director,
officer, and employee is a direct reflection upon the Corporation and the
reputation it seeks to uphold.  Therefore, the Corporation expects
that all directors, officers, and employees will consistently demonstrate
conduct meeting the high ethical standards set forth within the Code of
Conduct.





POLICY





The Code
of Conduct Policy reflects the Corporation's determination of conduct by
directors, officers and employees that is deemed to be consistent with
applicable ethical, legal and moral standards.  The standards of
conduct as set forth within must be followed by every director (where
applicable), officer, and employee.





This Code
of Conduct has been approved by the Corporation's Board of Directors, and will
be enforced by the Corporation's Senior Management, with authority from the
Board.  Failure by officers or employees to adhere to any of these
standards could result in disciplinary actions up to and including
dismissal.  Nothing contained within the Code of Conduct creates an
employment contract or a binding obligation on the part of the
Corporation.  It does not affect or prejudice in any manner the
Corporation's right or ability to discharge any officer or employee at-will and
in its sole discretion.





SECTION
      I.
            OUTLINE OF DIRECTOR,
      OFFICER  & EMPLOYEE
  RESPONSIBILITIES





As a
director, officer, or employee, you are required to conduct and monitor your
personal and professional affairs so as not to discredit the
Corporation.  Because your conduct at work reflects the ethical
standards of the Corporation, you will be expected to:





1.
            Adhere
      to all laws and regulations that are applicable to the Corporation's
      business.


2.
            Avoid
      activities that could result in conflicts of interest with the
      Corporation.


3.
            Respect
      the confidentiality of information concerning those with whom the
      Corporation maintains a business
relationship.





The above
obligations are more fully presented in the remainder of this Code of
Conduct.





SECTION
      II.
            ADHERENCE TO LAWS AND
      REGULATIONS





As you
are aware, federal, state, and local laws and regulations extensively impact
banking.  Directors, officers, and employees are expected to conduct
all business dealings in a manner consistent with these laws and
regulations.  Failure to do so could subject individual directors,
officers, and employees to civil or criminal penalties.





Examples
of the types of laws and regulations to which this section makes reference
include:





1.
            Solicitation or
      Acceptance of Gifts (Bank Bribery
Law)





No
director, officer or employee representing the Corporation may (1) solicit for
themselves anything of value from anyone in return for any business service or
confidential information of the Corporation or, (2) accept anything of value
(other than


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bona
fide salary, wages and fees referred to in 18 U.S.C. 215(C)) from anyone in
connection with the business of the Corporation, either before, during or after
a transaction is discussed or consummated.




The
following are acceptable exceptions:





a)
            Acceptance
      of gifts, gratuities, amenities, or favors based on obvious family or
      personal relationships where the circumstances make it clear that it is
      those relationships rather than the business of the Corporation concerned
      which are the motivating factors;


b)
            Acceptance
      of meals, refreshments, entertainment, accommodations or travel
      arrangements, all of reasonable value, in the course of a meeting or other
      occasion, the purpose of which is to hold bona fide business discussions
      or to foster better business relations, provided that the expense would be
      paid for by the Corporation as a reasonable business
    expense;


c)
            Acceptance
      of loans from other banks or financial institutions on customary terms to
      finance proper and usual activities, such as home mortgage loans, except
      where prohibited by law;


d)
            Acceptance
      of advertising or promotional material of reasonable value, such as pens,
      pencils, note pads, key chains, calendars and similar
    items;


e)
            Acceptance
      of discounts or rebates on merchandise or services that do not exceed
      those available to other customers;


f)
            Acceptance
      of gifts of reasonable value that are related to commonly recognized
      events or occasions, such as a promotion, new job, wedding, retirement,
      holiday or birthday if the gifts are of a value of $50.00 or
      less;


g)
            Acceptance
      of civic, charitable, educational, or religious organizational awards for
      recognition of service and
accomplishment.





Cash may
not be accepted in any amount, and gift certificates in excess of $50.00 are not
acceptable.  No one is allowed to accept any securities, warrants, or
options to purchase securities.





Should a
Corporation officer or employee be offered or given something of value beyond
what is authorized within this Code of Conduct, that officer or employee must
disclose the circumstances in writing to the Corporation's President or his or
her designated representative.





2.
            Other Violations of
      Criminal Law





A number
of other criminal laws apply to officers and employees of financial
institutions.  Examples of activities prohibited by these laws
include:





a)
            Intentionally
      failing to prepare and submit currency transaction and other reports
      required by the Bank Secrecy Act.


b)
            Stealing,
      embezzling, or otherwise misapplying Corporation funds or
      assets.


c)
            Attempting
      to collect money by using threats, physical force or other unauthorized or
      unlawful means.


d)
            Issuing
      unauthorized Corporation obligations (such as certificates of deposit,
      notes of mortgages) or falsifying records or
  entries.


e)
            Using
      Corporation funds or assets to finance political
  campaigns.


f)
            Lending
      trust funds to a director, officer or
employee.


g)
            Certifying
      a check drawn on an account with insufficient
  funds.


h)
            Making
      a loan or giving a gift to a bank examiner with authority to examine the
      Corporation.


i)
            Using
      a computer to gain unauthorized access to Corporation or customer
      records.


j)
            Knowing
      that a crime has been committed and assisting the perpetrator to avoid
      capture or punishment.


k)
            Knowingly
      violating federal patent or copyright law by copying documents or
      software.








3.
            Antitrust
      Violations





Combinations,
conspiracies or agreements among competitors to restrict or prevent competition
are considered violations of the Sherman Antitrust Act.  Therefore,
directors, officers and employees are prohibited from entering into formal or
informal agreements with competitor banks to (i) fix prices; (ii) allocate
markets; (iii) allocate customers; or (iv) refuse to deal with particular
customers or suppliers.





Also, the
Federal Bank Holding Company Act and Anti-Trust laws prohibit Corporation
employees from participating in certain "tying arrangements."  A
"tying arrangement" is one in which the seller or provider of services
conditions the sale of


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a product
on the customer's purchase of a separate product or service unrelated to the
original.  For example, although credit may be extended on the
condition that the borrower maintains a deposit relationship, credit may not be
extended on the condition that the borrower rents a safe deposit
box.





4.     Equal Employment Opportunity
Laws





The
Corporation is subject to a number of federal, state, and local laws governing
equal employment opportunity, many of which prohibit discrimination in hiring,
training, promotions, etc.  All officers and employees are expected to
adhere to these laws, which are strongly supported by the
Corporation.  Strict adherence to the Corporation's Equal Employment
Opportunity Policy, Policy Prohibiting Sexual Harassment and Affirmative Action
Policy will be expected of all officers and employees.





SECTION
      III.
            AVOIDING CONFLICTS OF
      INTEREST





A
conflict of interest can be defined as having two or more interests that are
inconsistent.  A conflict of interest arises whenever a Corporation
director, officer or employee (or members of his or her family) has a financial
interest, direct or indirect, which could affect his or her judgment when making
a decision such as approving a loan, processing Teller transactions, opening
customer accounts or other Corporation process or expenditure.  This
includes any Corporation director, officer or employee's relationship or
activity that could result in the impression to others that his or her judgment
was being influenced in any way.  See the “Employment of Relatives
Policy” for determining family members whose employment might be considered a
conflict of interest.





Certain
areas where potential conflicts of interest frequently arise are addressed
below.  Conflicts of interest are not limited to these areas,
however.





1.
            Acceptance of Bequest
      or Appointment as Executor, Trustee or
  Guardian





If any
Corporation officer or employee is asked to serve individually as executor,
trustee or guardian or as co-fiduciary in a similar relationship with the
Corporation, whether or not the Corporation has trust powers, or knows of any
bequest to him or her, the facts pertaining to such appointment or gift must be
presented to the Corporation's President or his or her designated representative
for consideration and decision.  An exception to this rule arises
where the officer or employee is acting on behalf of an immediate family
member.





Immediate
family members include grandparents and grandchildren, parents, spouses,
children, siblings, stepparents, stepsons and daughters, stepbrothers and
sisters, fathers and mothers-in-law, brothers and sisters-in-law, aunts and
uncles, nephews and nieces, and first cousins





2.
            Outside
      Employment





Outside
employment by a Corporation officer or employee is not permitted without prior
approval in writing of the Corporation's President or his or her designated
representative.





Outside
activities of officers or employees that could raise conflict of interest issues
include, but are not limited to:





(a)
            Employment
      by a Bank that competes with the
Corporation.


(b)
            Engaging
      in legal, accounting and tax
services.


(c)
            Use
      of Corporation equipment, supplies or facilities for non-Corporation
      business.


(d)
            Performing
      any service that the Corporation could itself
  perform.





In
addition, federal law prohibits Corporation directors, officers and employees
from participating in "interlocking affiliations," meaning dual service, in the
following areas:





(a)
            As
      an employee of an organization primarily engaged in the issue, flotation,
      underwriting, public sale or distribution of stocks, bonds or other
      issues.


(b)
            As
      a director, officer or employee of any commercial bank, banking
      association, trust company or savings bank not owned by ENB Financial
      Corp.





Any
Corporation officer or employee prior to participating with a customer in a
business venture shall make disclosure in writing.


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3.
            Signature Authority
      for Non-Owned Accounts





Corporation
officers and employees must secure approval from his or her Department’s Senior
Vice President to maintain signature authority on accounts or safe deposit boxes
established at the Corporation for which such officers or employees are neither
an owner nor co-owner, including those of non-profit organizations.





4.
            Serving as Outside
      Director or Officer of For-Profit
  Organization





In
addition to the guidelines set forth above, Corporation officers and employees
may not serve as directors or officers of any Company or organization operating
for profit or as a commercial venture without prior written approval from the
Corporation's President or his or her designated
representative.  Income or fees received by Corporation officers and
employees from such outside relationships must be disclosed initially and
annually to the Corporation.


1.
            Community and Civic
      Activities





It is the
Corporation's policy to encourage active participation in community and civic
activities.  If an officer or employee is asked to serve on a project
or engage in an activity that might encroach on office responsibilities, or
might give rise to a conflict of interest, prior written approval must be
obtained from the his or her department’s Senior Vice
President.  Generally, Officers will be given more leeway for
attendance at outside meetings during the workday.  This is because
they are paid a salary to complete their job functions without consideration of
the number of hours worked.





5.
            Political
      Activities





Corporation
directors, officers and employees shall not provide Corporation services, funds
or equipment as contributions of any kind to any political party or committee or
to any candidate for or holder of any office of any government, national, state
or local.  In all cases, participants in political activities do so as
qualified individuals and not as a representative of the
Corporation.  No Corporation letterhead or Corporation address shall
be used when making personal contributions or making personal
endorsements.





Positions
taken on legislative issues shall be as an individual and shall in no manner
represent to be supported or endorsed by the Corporation, except as otherwise
directed by the President of the Corporation in situations involving specific
bank related legislative issues.





6.
            Soliciting for
      Charitable or Religious
Contributions





Charitable
solicitations must be approved in writing by the Corporation’s President or his
or her designee prior to the onset of the program.  Religious
solicitations are a personal matter and may not be made during Corporation paid
time.  See the Solicitation Policy for more details.





7.
            Holding Public
      Office





All
officers and employees planning to run for public office or planning to accept
appointment to a public office must report these plans in writing to his or her
Department’s Senior Vice President.  Should such holding of public
office affect his or her Corporation responsibilities, the officer or employee
must secure approval in writing by his or her Department’s Senior Vice President
prior to running for or accepting an appointment.





8.
            Self-Dealing





No
director, officer, or employee or member of his or her immediate family may buy
or sell any assets of the Corporation, its subsidiary, or the Trust Department,
except acting in an official capacity.  Neither shall any such person
take personal advantage of a business opportunity that rightfully belongs to the
Corporation or receive other personal benefits that are a result of Corporation
position.  No director, officer or employee may represent the
Corporation in any transactions requiring use of their judgment and discretion
with a person or organization with which they have a financial or material
interest.




9.
            Borrowing from the
      Corporation or Other Sources





Corporation
officers and employees shall not borrow from or through any customers,
prospective customers, suppliers or other persons or companies with which the
Corporation does business, except in the case of borrowing from relatives or
those businesses engaged in lending in the normal course of business, and then
only on terms offered to others under similar circumstances.  (No
preferential rates)


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Certain
officers or employees of the Corporation may borrow under the Corporation's
employee loan policy.  This policy is a guide in making loans to all
officers and employees with the exception of those qualified individuals in
Senior Management.





Every
individual shall abstain from voting in decisions affecting extensions of credit
to relatives, immediate family and self or any other situations involving a
potential conflict of interest.





Loans by
the Corporation to directors and executive officers and their interests are
subject to Corporation procedures in accordance with Federal Reserve Board
Regulation O.  Borrowing in excess of $10,000.00 by Executive Officers
from other financial institutions must be reported to the Corporation's Board of
Directors at its next regularly scheduled meeting.





10.
            Matters Involving
      Potential Corporation
Liability





Corporation
officers and employees shall report to the President of the Corporation or his
or her designated representative any matter in which they are involved which
could result in potential Corporation liability.





11.
            Use of Corporation
      Letterhead





Corporation
letterhead shall be used only for official Corporation business and other
functions directly related to the position of the user, such as preparation of
letters of reference.





12.
            Corporation News and
      Information





External
release of news and other information involving the Corporation, including
information requests by media on topics involving Corporation products,
procedure, security, or positions taken on legislative issues, shall only be
issued through the President or his or her designee.





13.
            Providing of Advice to
      Customers





No
officer or employee of the Corporation may provide legal, tax or investment
advice to customers unless specifically authorized under a fiduciary, financial
planning or similar relationship.  Also, no referrals or
recommendations of qualified professional people or firms may be made unless the
names of several candidates are presented without any indication of
favoritism.  Under no circumstance may an officer or employee make a
recommendation expecting to personally benefit from it.





14.
            Treatment of Conflicts
      of Interest





Directors,
officers, and employees have a responsibility to disclose existing interests
that may be in conflict with Corporation interests.  An officer or
employee shall resign from a directorship or any outside association for which
an irreconcilable conflict arises with the Corporation interest.





15.
            Personal Investment
      Decisions





(a)
            Securities
      listed on a national securities exchange or securities regularly traded
      over the counter may be purchased or sold by Corporation officers or
      employees, or members of their immediate family without notifying or
      receiving permission from the Corporation's President or his or her
      designated representative.  Securities for personal investments
      may not be purchased from or sold to a Corporation customer or supplier
      unless his or her Department’s Senior Vice President has granted
      permission in advance.


The
nature and amount of investments (even in listed and over-the-counter
securities) owned or controlled by Corporation officers and employees should not
be such as to be prejudicial to their responsibilities or to subject the
Corporation to criticism for conflicts of interest, misuse of confidential
information, etc.


(b)
            Personnel
      who have commercial loan authority or access to commercial loan
      information shall not make investments in or have personal financial
      interests in any Corporation or organization having any type of credit
      accommodation with the Corporation.


(c)
            Corporation
      officers and employees who (i) make investment recommendations or
      decisions for the account of customers; (ii) participate in the
      determination of such recommendations or decisions; or (iii) obtain
      information concerning which securities are being purchased, sold or
      recommended for such actions, are required by federal law to report,
      within ten (10) days after the end of each calendar quarter, all
      securities transactions made by them or on their behalf in which they have
      an actual or beneficial interest.  This report shall be made to
      the Corporation's President and


99









shall
state the name and type of security, whether it was purchased or sold, and the
date of each transaction.  This report need not be filed
for:





(i)
            Transactions
      for the benefit of the officer or employee over which he or she has no
      control;


(ii)
            Transactions
      in mutual fund shares, or in U.S. Government or federal agency
      obligations; or


(iii)
            Transactions
      during any quarter involving an aggregate amount of $10,000 or
      less.





(d)
            No
      director, officer or employee may act upon investment advice received from
      the Corporation's Trust Department or other Corporation sources for his or
      her own personal investment accounts, or communicate such advice to other
      persons.





(e)
            No
      Corporation officer or employee shall maintain margin accounts in
      securities, commodities, currency, or make speculative investments in
      securities, commodities, or currency, without prior approval of the
      President or his or her designated
  representative.








SECTION
      IV.
            DISCLOSURE AND TRADING
      OF SECURITIES BASED ON "INSIDER"
  INFORMATION





Employees
with access to material, non-public information about an issuer of securities,
are considered to be "insiders."  Insiders may not trade or recommend
securities affected by the material, non-public information or pass any
information to others until such information has been fully discussed to the
public.





The
Corporation is concerned that directors, officers, and employees not engage in
any activities involving "insider" trading of securities of ENB Financial Corp
or other companies based upon information actually received or perceived to be
received from their relationships with ENB Financial Corp.





1.
            Disclosure of Insider
      Information





Insider
information (material non-public information) relating to ENB Financial Corp
must be made public before anyone possessing such information can trade in or
recommend the purchase or sale of the Corporation’s stock.  Under
Federal and state securities laws, persons transmitting or receiving insider
information can be held legally responsible for misuse of that
information.





2.
            Trading Based Upon
      Insider Information





No
director, officer or employee of ENB Financial Corp shall buy or sell ENB
Financial Corp common stock based on possession of information not available to
the general public that is likely to affect the price of the
security.  No director, officer, or employee with prior knowledge,
shall buy or sell ENB Financial Corp stock in situations involving material
financial developments, mergers, dividend changes, major shareholder changes, or
stock of other financial organizations involved with ENB Financial Corp in any
of the above transactions.





Directors,
officers or employees are encouraged to purchase or sell ENB Financial Corp
securities through a recognized brokerage firm.








SECTION
      V.
            MAINTAINING
      CONFIDENTIAL INFORMATION





Corporation
directors, officers or employees may have access to information, reports or
statements concerning the Corporation's business or possess confidential
information concerning the private or business affairs of the Corporation's
customers and suppliers.  As such information is privileged, it must
be maintained in the strictest confidence.





Confidential
information may be used only for Corporation purposes and may never be used for
personal gain or transmitted to non-Corporation employees or Corporation
officers or employees for whom such information is not necessary to carry out
their duties, except in the case of credit or other ordinary banking inquiries,
which must be handled consistent with Corporation policy and
procedure.





All
employees who have access to customer or other information should exercise care
to ensure that this information remains confidential.


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1.
            Disclosing Customer
      Information





No
director, officer or employee may release or disclose confidential information
about any Corporation customer to any outside persons.  Credit or
other business inquiries should be handled consistent with Corporation
policy.





2.
            Disclosing Corporation
      Financial Information





Except as
required by law or approved by the Corporation's President or his or her
designated representative, no Corporation financial information may be made
available to the public.





3.
            Disclosing Corporation
      Examination Information





Corporation
Regulatory examination reports are strictly confidential and information from
those reports may not be disclosed to anyone not officially connected with ENB
Financial Corp.





4.
            Disclosing Corporation
      Proprietary Information





Non-financial
information developed by the Corporation, such as business plans, computer
software and data bases, etc., constitute confidential proprietary information
which may not be disclosed to anyone outside of the Corporation or used directly
or indirectly for the benefit of any Corporation officer or
employee.




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