Sept 4 - Evans Bancorp Inc. (NYSE MKT: EVBN), a community financial services company serving Western New York since 1920, announced that its board of directors has declared a cash dividend of 26 cents per share on its outstanding common stock, an 8 percent increase from its previous 24 cents per share accelerated dividend paid on Dec. 31, 2012. This dividend equates to a current annualized yield of 2.8 percent. The dividend is payable on Oct. 9, 2013, to shareholders of record as of Sept. 18, 2013.
David J. Nasca, president and CEO of Evans Bancorp Inc., stated, "The strength of our balance sheet, with record earnings in each of the last two years, allowed us to increase the semi-annual dividend three times since 2011, while maintaining a strong capital position to fuel continued growth."
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 $816 million in assets and $692 million in deposits at June 30, 2013. Evans is a full-service community bank, with 13 branches, 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 property and casualty insurance through seven insurance offices in the Western New York region. Evans Investment Services provides non-deposit investment products, such as annuities and mutual funds.