Evans Bancorp, Inc. (the “Company” or “Evans”) (NYSE Amex: EVBN), a community financial services company serving Western New York since 1920, announced today that Mr. Philip Brothman has chosen to not seek reelection as Chairman of the Board of Evans Bancorp and its wholly-owned subsidiary, Evans Bank, at the Company’s Annual Meeting of Shareholders in April 2012. Mr. Brothman, who has served on the Board since 1976, will continue as a director of the Company and the Bank. He has served as Chairman of the Board since January 2001, and over his tenure was a member on each of the Board’s committees. He is of counsel to the law firm of Harris Beach, PLLC. “Since 2001, I have had the pleasure and honor to serve as the first independent Chairman of the Board for Evans Bancorp and Evans Bank. During this 11-year period, we have had tremendous growth with assets more than tripling from $225 million to $733 million. And, we have effectively executed on our strategy to transform the Bank into a stronger, more diversified financial institution. I have great confidence in the Company’s leadership and it has been a privilege to work with them as well as with my fellow Directors,” commented Mr. Brothman. “My decision to not seek reelection as Chairman is also in keeping with our Board succession plan and, although I will stay on as a director, it allows me the opportunity to devote more of my time to other commitments.” The Company expects that John R. O’Brien, Vice Chairman, will succeed Mr. Brothman as Chairman of the Board of Directors of Evans Bancorp and Evans Bank at the April 2012 Annual Meeting of Shareholders. Mr. O’Brien has served on the Board of Directors since 2003 and is Chairman of the Audit Committee and a member of the Human Resource and Compensation, Nominating, and Executive Loan Committees.
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 $733 million in assets, 13 branches and $613 million in deposits at September 30, 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. Evans Bancorp, Inc. and Evans Bank routinely post news and other important information on their websites at www.evansbancorp.com and www.evansbank.com. Safe Harbor Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning future business, revenue and earnings. These statements are not historical facts or guarantees of future performance, events or results. There are risks, uncertainties and other factors that could cause the actual results of Evans Bancorp to differ materially from the results expressed or implied by such statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements, include competitive pressures among financial services companies, interest rate trends, general economic conditions, changes in legislation or regulatory requirements, effectiveness at achieving stated goals and strategies, and difficulties in achieving operating efficiencies. These risks and uncertainties are more fully described in Evans Bancorp’s Annual and Quarterly Reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Evans Bancorp undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new, updated information, future events or otherwise.