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Evans Bancorp Acquires Suchak Data Systems, Inc.
Wednesday, December 31, 2008 8:55 AM


  • Purchase vertically integrates technology solutions capability and expands flexibility

Evans Bancorp, Inc. (NASDAQ: EVBN) announced today that its wholly-owned subsidiary, Evans Bank, N.A., has acquired Suchak Data Systems, Inc. (SDS), which serves the data processing needs of financial institutions with customized solutions, consultative services and state of the art technology.

“This acquisition enables us to drive the strategic direction of our information technology platform by augmenting our resources and increasing our in-house capabilities in order to expand our operational flexibility, create scalability and mitigate risk as we grow,” remarked David J. Nasca, president and chief executive officer of Evans Bancorp.

Evans Bank has been a client of SDS since it was established in 1981. SDS hosts the Bank’s core and primary banking systems along with providing product development and programming services. In addition to Evans Bank, its other major customers include the Bank of Akron, Lakeshore Savings Bank and Somerset Trust Company. SDS’s products and services include core and online banking systems, check imaging, item processing and ATM services.

“SDS is proud to join forces with an organization with which we have successfully partnered for over twenty-five years,” stated Vinod Suchak, president and CEO of SDS, Inc. “This combination will allow us to utilize our combined resources to advance the systems infrastructure of Evans Bank while enhancing our capabilities to serve our customers.”

Vinod Suchak will become Vice President and Managing Director of Data Center Services. Its operations and ten employees will continue to operate from its Grand Island facility which was included in the acquisition.

Financial terms of the acquisition were not disclosed.

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 $502 million in assets and $404 million in deposits at September 30, 2008. The Bank has 12 branches located in Western New York. Evans National Leasing, Inc., an indirect, wholly-owned subsidiary of Evans Bank is a general business equipment leasing company with customers throughout the U.S. Evans Bancorp’s wholly-owned insurance subsidiary, The Evans Agency, Inc., provides retail property and casualty insurance through 15 insurance offices in the Western New York region.



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