UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | March 25, 2013 |
Evans Bancorp, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
New York | 0-18539 | 161332767 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
14 North Main Street, Angola, New York | 14006 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 716-926-2000 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On March 25, 2013, the Company issued a press release announcing that its Board of Directors has authorized a new share repurchase program of up to 100,000 shares of the Company's outstanding common stock.
A copy of the press release regarding the Company's share repurchase program is furnished with this Form 8-K and attached hereto as Exhibit 99.1. Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 Press Release dated March 25, 2013
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Evans Bancorp, Inc. | ||||
March 25, 2013 | By: |
/s/ David J.Nasca
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Name: David J.Nasca | ||||
Title: President and Chief Executive Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release of Evans Bancorp, Inc. dated March 25, 2013 |
IMMEDIATE RELEASE
Evans Bancorp, Inc. Announces Common
Stock Repurchase Program
Hamburg, NY, March 25, 2012 Evans Bancorp, Inc. (the Company or Evans) (NYSE MKT:EVBN) a community financial services company serving Western New York since 1920, announced today that its Board of Directors approved a stock repurchase program, authorizing the repurchase of up to 100,000 shares of its outstanding common stock. The Boards decision is a reflection of its belief in the strength of Evans balance sheet and the Companys commitment to delivering value to shareholders. The stock repurchase program is effective immediately and will be funded from available working capital.
Purchases will be made on a discretionary basis, in the open market or otherwise, at times and amounts determined by management, subject to market conditions, business conditions, applicable legal and regulatory requirements and other factors. The repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of common stock, and may be suspended or discontinued at any time.
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 $810 million in assets and $679 million in deposits at December 31, 2012. Evans is a full-service community bank, with 13 branches, providing comprehensive financial services to consumer, business and municipal customers throughout Western New York. Evans Bancorps wholly-owned insurance subsidiary, The Evans Agency, LLC, provides property and casualty insurance through seven insurance offices in the Western New York region. Evans Investment Services 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 websites, at www.evansbancorp.com and www.evansbank.com
Safe Harbor Statement
This news 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 Bancorps 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.
For more information contact: | -OR- | |
Gary A. Kajtoch Executive Vice President and Chief Financial Officer Phone: (716) 926-2007 Email: gkajtoch@evansbank.com |
Deborah K. Pawlowski Kei Advisors LLC Phone: (716) 843-3908 Email: dpawlowski@keiadvisors.com |
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