Evans Bancorp INC: management transactions · United States · SEC (Form 4)

About Evans Bancorp INC

Evans Bancorp Inc. (ticker: EVBN) is a U.S. financial holding company listed on NYSE American, and based in the United States, in Williamsville, New York. For French-speaking investors in France, Belgium, and Switzerland, EVBN represents a small-cap regional banking profile with a long-standing community-banking footprint in Western New York. The company’s roots date back to 1920, giving it a century-long operating history in local banking and a franchise built around proximity, customer relationships, and knowledge of its regional economy. The business model is centered on Evans Bank, N.A., the company’s banking subsidiary. As of year-end 2024, Evans Bank operated 18 branches and offered a broad mix of financial services to consumer, business, and municipal customers. Its core products and services include checking and savings accounts, residential mortgages, commercial loans, small-business financing, municipal banking services, and non-deposit investment products through Evans Investment Services, including annuities and mutual funds. This combination allows the group to generate both net interest income and fee-based revenue while remaining anchored in a clearly defined local market. From a competitive standpoint, Evans Bancorp sits squarely in the regional community-bank segment. Its value proposition is not scale, but relationship banking, local decision-making, and disciplined credit execution. Against larger national banks and well-capitalized regional peers, the company’s challenge has typically been deposit competition, margin pressure, and the need to absorb regulatory and operating costs that can weigh more heavily on a smaller institution. On the other hand, its local focus has historically supported a relatively transparent risk profile and strong customer intimacy, especially in the Western New York market. Recent developments have been dominated by strategic change. In its February 2025 earnings release, Evans reported 2024 total assets of about $2.19 billion and deposits of about $1.87 billion, while still posting loan growth and maintaining a solid capital position. The most important corporate event was the announced merger with NBT Bancorp Inc., disclosed in September 2024 and approved by Evans shareholders in December 2024. The agreed exchange ratio was fixed at 0.91 NBT shares for each Evans share, underscoring that the company was entering a transition from independent regional bank to part of a larger platform. For investors, EVBN should therefore be viewed as a historically significant Western New York community bank whose listed equity story has been reshaped by its merger into a larger U.S. banking group on the NYSE American market.