Evans Bank Selects New Core Platform To Improve Customer Experience, Services

Evans Bank, N.A., a $740 million full–service community bank and subsidiary of Evans Bancorp, Inc. (NYSE Amex: EVBN), announced today that it selected CoreSoftTM to replace its legacy core platform.

Evans Bank is exclusively focused on providing banking services to the consumers, businesses and municipalities of Western New York. The bank will implement CoreSoft to improve customer experience and enhance the speed to market for new services, boosting its competitive edge.

CoreSoft is a core banking platform provided by VSoft, a global information and technology provider of process improvement solutions for financial institutions. The flexible solution is designed to replace legacy systems with a technology that provides seamless, real-time, high-volume and high-performance transactions across multiple channels, supporting all the deposit and lending activities.

“This is a transformational time for Western New York; banks are moving out of the area, or are focused on other areas. We see this as an opportunity to improve Evans Bank and provide added customer value, encouraging customers, businesses and municipalities to take charge and choose the best banking relationships available to them,” said David Nasca, president and CEO of Evans Bank. “CoreSoft provides us with the infrastructure necessary to improve our offerings; it delivers the robust product capabilities on a system that is easy to understand, use and support.”

Evans Bank expects to implement the new core platform during the second half of 2012. CoreSoft’s scalable infrastructure will help the bank attain growth strategies both immediately and in years to come.

“As a growing community institution dedicated to fostering relationships with local customers, businesses and municipalities, Evans Bank is an excellent fit for CoreSoft’s open and performance enhancing infrastructure,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “The bank is positioning itself to be an invaluable asset to the community; it is developing the infrastructure to meet its immediate goals while also providing the scale and flexibility to attain long-term growth objectives.”

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 $740 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.

Evans Bancorp, Inc. and Evans Bank routinely post news and other important information on their Web sites at www.evansbancorp.com and www.evansbank.com.

About VSoft Corporation

VSoft Corporation offers core and payment-processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in–house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

VSoft’s services have been trusted by more than 1,900 banks, credit unions and savings institutions, as well as transaction processors, governments, utilities, telecommunications and retail organizations worldwide. The company’s growth and stability has been recognized by inclusion in the Inc. 5000 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.

Editor's Note: The correct usage of the company name, VSoft Corporation, is either referring to it as VSoft Corporation or VSoft, with both the "V" and the "S" capitalized.

Copyright Business Wire 2010

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