Evans Bancorp, Inc. Increases Semi-Annual Cash Dividend to $0.60 per Share

Rhea-AI Summary

Evans Bancorp, Inc. (NYSE American: EVBN) announced a cash dividend of $0.60 per share on its common stock, a $0.02 increase from the previous dividend. This semi-annual dividend, payable on April 6, 2021, benefits shareholders of record as of March 16, 2021. Evans Bancorp has approximately 5.4 million shares outstanding and operates with $2.0 billion in assets and $1.8 billion in deposits, offering comprehensive financial services across Western New York.

Positive

• Dividend increase of $0.02 per share reflects company growth.
• Total assets of $2.0 billion indicate a robust financial position.

Negative

• None.

Evans Bancorp, Inc. (the “Company” or “Evans”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced that at its meeting today, the Board of Directors declared a cash dividend of $0.60 per share on its outstanding common stock. This semi-annual dividend represents a $0.02 increase from the previous semi-annual dividend paid in October 2020.

The dividend is payable on April 6, 2021 to shareholders of record as of March 16, 2021. The Company has approximately 5.4 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 $2.0 billion in assets and $1.8 billion in deposits at December 31, 2020. Evans is a full-service community bank with 20 financial centers providing comprehensive financial services to consumer, business and municipal customers throughout Western New York. Evans Insurance Agency, a wholly owned subsidiary, provides life insurance, employee benefits, and property and casualty insurance through ten 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210216006138/en/

FAQ

What is the dividend amount declared by Evans Bancorp?

Evans Bancorp declared a cash dividend of $0.60 per share.

When is the dividend payable for EVBN shareholders?

The dividend is payable on April 6, 2021.

When is the record date for the EVBN dividend?

The record date for the dividend is March 16, 2021.

What financial services does Evans Bancorp provide?

Evans Bancorp provides comprehensive services including consumer, business, and municipal banking.