Evans Bancorp, Inc. (the “Company”) (NYSE Amex: EVBN), a community financial services company serving Western New York since 1920, announced today that its Board of Directors declared a semi-annual cash dividend of $0.22 per share on its outstanding common stock, which is a 10% increase (5% annualized) from its previous $0.20 per share dividend paid on October 4, 2011. The dividend is payable on April 10, 2012, to shareholders of record as of March 20, 2012. The Company has approximately 4.1 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 $741 million in assets, 13 branches and $616 million in deposits at December 31, 2011. Evans is a full-service community bank 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 14 insurance offices in the Western New York region. Evans Investment Services, Inc., a wholly-owned subsidiary of Evans Bank, provides non-deposit investment products such as annuities and mutual funds.
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