Evans Bancorp, Inc. (the “Company”) (NYSE MKT: EVBN), a community financial services company serving Western New York since 1920, announced that it has been admitted to Sandler O’Neill’s Class of 2012 “Sm-All Stars,” a select group of 25 top performing, publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2 billion.
Evans Bancorp was identified by Sandler O’Neill and Partners, a full service investment banking firm and broker dealer focused on the financial services sector, from a group of 461 financial institutions nationwide as having achieved exceptional performance in the areas of growth, earnings per share, credit quality and capital strength over the past 12 months. Eight financial variables were used to evaluate and screen the initial selection of institutions, eliminating 95% of the institutions screened. The final 25 “Sm-All Stars” showed exceptional performance over the past 12 months when compared with the industry as a whole.
“We are extremely proud to be included in Sandler O’Neill’s 2012 group of small-cap All-Star institutions,” stated David J. Nasca, President and CEO of Evans Bancorp. “This prestigious honor is wonderful recognition of our intense focus on performance and delivering long-term shareholder value. Our employees strive to consistently deliver value to our customers and are the key reason for our success in achieving this honor.”
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 $778 million in assets, 13 branches and $654 million in deposits at June 30, 2012. 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 eight 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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