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Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend of $0.20 Per Share

HAMBURG, N.Y., Aug. 17, 2010 (GLOBE NEWSWIRE) -- Evans Bancorp, Inc. (the "Company") (Nasdaq: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 $0.20 per share on its outstanding common stock, which is the same as its previous dividend paid on April 27, 2010. The dividend is payable on October 6, 2010, to shareholders of record as of September 13, 2010. 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 $658 million in assets, 13 branches and $536 million in deposits at June 30, 2010. 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, Inc. 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.

Safe Harbor Statement

This press 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.

CONTACT:  Evans Bancorp, Inc.
          Gary A. Kajtoch, Executive Vice President and 
           Chief Financial Officer
          (716) 926-2007
          gkajtoch@evansbank.com

          Kei Advisors LLC
          Deborah K. Pawlowski
          (716) 843-3908
          dpawlowski@keiadvisors.com

Evans Bancorp, Inc. logo

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