Evans Bancorp, Inc. (the “Company”) (NASDAQ: EVBN), a community
financial services company serving Western New York, today announced
that it has been added to the Russell Microcap® Index,
effective after the close of trading on Friday, June 26, 2009.
Evans Bancorp has focused on a solid balance sheet and capital position
and, amid the uncertain economic environment, has posted strong growth
in loans and deposits, as well as fee income from its insurance and
investment operations. Its financial services solutions and community
bank approach provide a platform to capture market share and drive
exceptional customer experience.
The Company’s strategy is to acquire a larger share of the Western New
York market by optimizing its core businesses of banking, insurance and
investment advisory services.
About the Russell Microcap® Index
The Russell Microcap® Index measures the stock performance of the
microcap segment of the U.S. equity market, which includes the smallest
1,000 companies in the small-cap Russell 2000® index and the next 1,000
smallest U.S. securities based on market capitalization. Russell indexes
are widely used by investment managers and institutional investors for
index funds and as benchmarks for both passive and active investment
strategies. Russell determines index membership by objective, market
capitalization rankings and all Russell indexes are reconstituted
annually in June to ensure that they are truly representative of global
equity markets.
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 $556 million in
assets and $460 million in deposits at March 31, 2009. The bank has
twelve 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,
provides retail property and casualty insurance through 15 insurance
offices in the Western New York region. Evans Investment Services, 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.
Evans Bancorp, Inc.
Gary Kajtoch, 716-926-2000
Treasurer
or
Kei
Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
