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Evans Bancorp - EVBN STOCK NEWS

Welcome to our dedicated page for Evans Bancorp news (Ticker: EVBN), a resource for investors and traders seeking the latest updates and insights on Evans Bancorp stock.

Evans Bancorp (EVBN) delivers community-focused financial services through banking, insurance, and wealth management solutions across Western New York. This news hub provides investors and stakeholders with essential updates about the institution's strategic initiatives and market position.

Access real-time announcements including quarterly earnings reports, leadership appointments, and regulatory developments. Our curated collection features press releases on product innovations, community partnerships, and financial performance metrics critical for informed analysis.

Key coverage areas include corporate governance changes, capital management strategies, and service expansion announcements. Track EVBN's progress in maintaining its 100-year legacy as a trusted local institution while adapting to evolving financial sector demands.

Bookmark this page for streamlined access to verified updates about Evans Bancorp's operational milestones. Combine our historical archive with breaking news alerts to monitor the company's multifaceted financial services ecosystem effectively.

Rhea-AI Summary
Evans Bancorp, Inc. will release its fourth quarter and full year 2023 results on February 1, 2024, followed by a conference call and webcast to discuss the financial and operating results, corporate strategy, and outlook. The telephonic replay will be available until February 15, 2024.
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Arthur J. Gallagher & Co. (NYSE:AJG) has completed the acquisition of The Evans Agency, LLC, a subsidiary of Evans Bancorp, Inc. The global insurance brokerage, risk management, and consulting services firm operates in approximately 130 countries worldwide.
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Evans Bancorp, Inc. (EVBN) announced the sale of The Evans Agency, LLC (TEA) to Arthur J. Gallagher & Co. (AJG) for $40 million. The sale is expected to be completed in Q4 2023, with a net gain on sale of approximately $15.1 million. The transaction is financially compelling, with significant improvements in capital and tangible book value. The sale provides potential net income and earnings per share enhancements as generated capital is deployed through strategic and franchise growth initiatives over time.
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Arthur J. Gallagher & Co. (NYSE:AJG) has signed a definitive agreement to acquire The Evans Agency, LLC, a subsidiary of Evans Bancorp, Inc. The acquisition is expected to close in Q4 2023. The Evans Agency is a commercial property/casualty insurance broker with expertise in public entity and scholastic services, operating in Western New York. The agency also offers personal lines and employee benefits services. This acquisition is expected to enhance Gallagher's capabilities in the region.
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Evans Bancorp reports Q3 2023 results, with total loan balances up 2% and net income of $3.6 million. Net interest margin declined 31 basis points sequentially. Return on average equity was 9.06% in Q3 2023.
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Evans Bancorp, Inc. to release Q3 2023 results
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Evans Bancorp, Inc. declares cash dividend of $0.66 per share on outstanding common stock.
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Evans Bancorp, Inc. will be added to the Russell 3000® Index, which will increase visibility and exposure to the investment community. This could lead to greater liquidity in the stock.
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Evans Bancorp

NYSE:EVBN

EVBN Rankings

EVBN Stock Data

194.36M
5.33M
4.11%
60.62%
0.23%
Banks - Regional
National Commercial Banks
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United States
HAMBURG