AP NEWS

Evans Bancorp, Inc. Announces Semi-Annual Dividend

August 9, 2018

HAMBURG, N.Y.--(BUSINESS WIRE)--Aug 9, 2018--Evans Bancorp, Inc. (the “Company” or “Evans”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced today that its Board of Directors declared a cash dividend of $0.46 per share on its outstanding common stock. The dividend is payable on October 4, 2018 to shareholders of record as of September 12, 2018. The Company has approximately 4.8 million shares outstanding.

About Evans Bancorp, Inc. Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $1.3 billion in assets and $1.2 billion in deposits at June 30, 2018. Evans is a full-service community bank, with 14 financial centers providing comprehensive financial services to consumer, business and municipal customers throughout Western New York. Evans Bancorp’s wholly owned insurance subsidiary, The Evans Agency, LLC, provides life insurance, employee benefits, and property and casualty insurance through nine insurance offices in the Western New York region. Evans Investment Services provides non-deposit investment products, such as annuities and mutual funds.

Evans Bancorp, Inc. and Evans Bank routinely post news and other important information on their websites, at www.evansbancorp.com and www.evansbank.com.

Safe Harbor Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning future business, revenue and earnings. These statements are not historical facts or guarantees of future performance, events or results. There are risks, uncertainties and other factors that could cause the actual results of Evans Bancorp to differ materially from the results expressed or implied by such statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include competitive pressures among financial services companies, interest rate trends, general economic conditions, changes in legislation or regulatory requirements, effectiveness at achieving stated goals and strategies, and difficulties in achieving operating efficiencies. These risks and uncertainties are more fully described in Evans Bancorp’s Annual and Quarterly Reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Evans Bancorp undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new, updated information, future events or otherwise.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180809005760/en/

CONTACT: Evans Bancorp, Inc.

John Connerton, 716-926-2000

Executive Vice President & Chief Financial Officer

jconner@evansbank.com

or

Kei Advisors LLC

Deborah K. Pawlowski, 716-843-3908

dpawlowski@keiadvisors.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Evans Bancorp, Inc.

Copyright Business Wire 2018.

PUB: 08/09/2018 04:15 PM/DISC: 08/09/2018 04:15 PM

http://www.businesswire.com/news/home/20180809005760/en

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