EMBASSY BANCORP, INC. (OTCMKTS:EMYB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item5.02 Compensatory Arrangements of Certain Officers.

On December 21, 2016, Embassy Bank for the Lehigh Valley (the
Bank), the primary operating subsidiary of Embassy Bancorp, Inc.
(the Company), entered into an amendment (the Amendment) to each
of the supplemental executive retirement plan agreements between
the Bank and Judith A. Hunsicker, Chief Financial Officer, and
James R. Bartholomew, Executive Vice President, respectively, of
the Company and the Bank.Additionally, in lieu of an increase in
the amounts payable under his existing supplemental executive
retirement plan agreements, the Company issued to David M.
Lobach, Jr., Chairman, President and Chief Executive Officer of
the Company and the Bank, thirteen thousand one hundred fifty
eight (13,158) shares of restricted stock to the Companys 2010
Stock Incentive Plan, all as more fully described below.

Supplemental Retirement Plan Agreements

The Amendments provide solely for an increase in the amount of
the annual benefit payable under the Agreements, as set forth in
the table.

The foregoing description of the Amendments is qualified in its
entirety by reference to the actual Amendments filed herewith as
Exhibits 10.1 and 10.2, which are incorporated herein by
reference.The material terms of the Agreements were previously
described in Item 5.02 of the Companys Current Report on Form 8-K
filed on December 29, 2015, which description is incorporated
herein by reference.

Grant of Restricted Stock

On December 21, 2016, the Company issued to Mr. Lobach thirteen
thousand one hundred fifty eight (13,158) shares of restricted
stock to the Companys 2010 Stock Incentive Plan.On December 21,
2016, the shares had an aggregate fair market value of $12.64.The
shares were issued in lieu of a periodic increase in the benefits
payable under the existing supplemental executive retirement plan
agreements between the Bank and Mr. Lobach.

Item 9.01.Financial Statements and Exhibits.

(d)Exhibits

Exhibit No. Description

10.1Amendment No. 1 to Supplemental Executive Retirement Plan
Agreement between Embassy Bank for the Lehigh Valley and Judith
A. Hunsicker, dated December 21, 2016.

10.2Amendment No. 1 to Supplemental Executive Retirement Plan
Agreement between Embassy Bank for the Lehigh Valley and James R.
Bartholomew, dated December 21, 2016.

About EMBASSY BANCORP, INC. (OTCMKTS:EMYB)

Embassy Bancorp, Inc. is a bank holding company. The Company’s operating subsidiary is Embassy Bank for the Lehigh Valley (the Bank). The Company acts as an independent community financial services provider, and offers traditional banking and related financial services to individual, business and government customers. The Company offers a range of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer, residential mortgage and home equity loans, and the providing of other financial services. The Company’s loan portfolio consists of secured fixed-rate and variable-rate loans, with a concentration in commercial-purpose transactions and consumer residential mortgage and home equity loans. The Company’s securities available for sale include the United States Government agency obligations, municipal bonds and the United States Government sponsored enterprise (GSE)-mortgage-backed securities-residential.

EMBASSY BANCORP, INC. (OTCMKTS:EMYB) Recent Trading Information

EMBASSY BANCORP, INC. (OTCMKTS:EMYB) closed its last trading session 00.00 at 13.50 with 500 shares trading hands.